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US tells India it is mulling caps on H1Bs to deter data rules

reuters.com

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Re: US tells India it is mulling caps on H1Bs to deter data rules

#91

Post by mayankkaizen »

wtmt wrote: post #70
nilsocket wrote: post #43

Master Card and Visa are failing, because we have something better in place. BHIM (Bharat Interface for Money) developed by National Payments Corporation of India. - Transferring money from one personal account to any new account (adding a beneficiary account) would take more than 4 hours. - One needs to login each and every time to transfer money. - There is a chance of forgetting password and account being locked o…

There are some exaggerations and factual errors in your claims. > Transferring money from one personal account to any new account (adding a beneficiary account) would take more than 4 hours. NEFT, which has been around for a long time before IMPS and UPI came, would transfer money in about an hour's time. For larger transactions, RTGS would transfer within a few minutes. I agree that UPI is a lot faster, but it comes…

In recent development, RBI has issued guidelines to make IMPS free of charges to promote digital banking.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#92

Post by cobbb »

The Problem is TRADE not H1B visas . ...

Simple example every Enterprise level company has IT department in US. the CTO or the VP of the company wants to save money by going to offshore business model ... so how does this work, let say an infrastructure IT support in company consists of ( storage, database, network , System admins etc say about 150 employees) then a new CTO or VP of IT comes in and he decides to go for offshore model then enters the cheap low tech incompetent service companies from Asia bids these projects here .. let say 200 Million dollars for 5 years 24/7 support .. so these Body shopping company decides to have about 60 employees offshore and 10 employees onshore here in USA using H1b visa ... now the CTO of the company feels happy for saving money and starts firing ..sorry (Let go) of those 150 citizens..... this happens in every company across this country i know because I've seen it All..

now those employees who given their flesh and blood to those projects over years gets emotionally raged...at the time of KT( knowledge transfer) to those H1B onshore slaves.. saying you guys are taking our jobs away. and all that BS. BUT they forget One big Logic/common sense..that they lost their jobs because satanic .. crooked CTO's or VP of IT of their own company and due to the company it self .... not because immigrant came over H1B visa..

Let say for the argument of emotional mob .. that the H1b is completely removed by some revolution...do you really think the jobs will come back hahaha... those body-shopping companies will be more happy because that will give them a chance to make more money.. they will make 100% offshore and then they wont even keep those 10 h1b resources onshore.. they will make a deal with those crooked CTOs to operate everything from offshore ...so the emotional mob will be still unemployed even after H1B is removed ..

the solution is the current administration should bring up the trade barriers a Bill to stop offshore business model completely which they wont do since this country is built and run by Rich CEOs.......

Re: US tells India it is mulling caps on H1Bs to deter data rules

#93

Post by alphagrep12345 »

nonamechicken wrote: post #63
ETHisso2017 wrote: post #32

Earlier quoted context omitted.

I wonder, how much do Indians prefer emigration vs remote work? Assuming pay is equal

Even if pay is half or one third, I prefer India (saying as someone who was an h1b in US for 6.5 years). India has a lot of problems-bad infrastructure, crazy traffic, poor air, bad policing and so on. Life in India is basically like playing a game in difficult mode while US is easy mode. But the peace of mind that comes with not having to live in the uncertainty that h1b brings is insanely huge. When it comes to qua…

> Bankruptcy due to medical bills is another major concern

I thought most of the people on H1b have good insurances to make sure this is not the case.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#94

Post by adityasaky »

gingabriska wrote: post #80
adityasaky wrote: post #58

Earlier quoted context omitted.

Just to add on: NPCI is a not-for-profit organization which is a consortium of banks and is promoted by the Reserve Bank of India. And these guys absolutely kill it. I moved from India to the US last year and payments are overall so much more complicated here. I have to download a third party app and even my bank, at least as far as I can tell, doesn't have a straightforward mechanism to transfer money to other peopl…

Not for profit doesn't mean free from outside influences.

I didn't say that?

Re: US tells India it is mulling caps on H1Bs to deter data rules

#95

Post by nonamechicken »

alphagrep12345 wrote: post #93
nonamechicken wrote: post #63

Earlier quoted context omitted.

Even if pay is half or one third, I prefer India (saying as someone who was an h1b in US for 6.5 years). India has a lot of problems-bad infrastructure, crazy traffic, poor air, bad policing and so on. Life in India is basically like playing a game in difficult mode while US is easy mode. But the peace of mind that comes with not having to live in the uncertainty that h1b brings is insanely huge. When it comes to qua…

> Bankruptcy due to medical bills is another major concern I thought most of the people on H1b have good insurances to make sure this is not the case.

I was working for an Indian IT company back then. According to my colleague, they offered really good health insurance (I never pay attention to such things, so don't know how good it was compared to others). I got a dental cleaning and wisdom tooth removal done once, and had to pay $2200 from my pocket since insurance didn't cover those. The dentist told me before the treatment itself, and so wasn't a surprise. Another time, I ended up having to go to a hospital couple of times for an issue. Total bill was around $20k. I had to pay only $50 from my pocket. After I came back to India, I got another letter in my US address from the hospital (nearly 1.5 years after the hospital visit). I suspect it could be another bill. I knew about the letter because I still get the USPS informed delivery email alerts!

My friend also worked for an Indian company. His wife had a delivery and there were complications. I am not sure what really happened. He one day called me and told me to have some money ready (around $2-3k) in case he needs to borrow. He said he had to pay a lot of money from his pocket, and that he reached the maximum limit (after which insurance pays everything?). He was in US for around 1 year, and left soon after because the project was over or ramped down. Just before he left, he got another bill for $3 or $4k and he said he is letting it go to collections. After he came back to India, I asked him about it and he said it was taken care off (didn't say if insurance paid or he paid or he ignored it).

Re: US tells India it is mulling caps on H1Bs to deter data rules

#96

Post by happppy »

nilsocket wrote: post #43

Master Card and Visa are failing, because we have something better in place. BHIM (Bharat Interface for Money) developed by National Payments Corporation of India. - Transferring money from one personal account to any new account (adding a beneficiary account) would take more than 4 hours. - One needs to login each and every time to transfer money. - There is a chance of forgetting password and account being locked o…

Pakistan also has such system. I have linked my bank account with my mobile phone number. I don't even have to use any app, a simple code and I can transfer money to same bank or another bank account, pay bills, recharge, all account info, mini bank statement etc and all this happens in seconds.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#97

Post by sethherr »

writepub wrote: post #85

More Americans travel to India on business than Indians seeking H1-Bs. If the US wants to limit work visas to Indians, India should limit any work based travel of Americans to India.

This is a joke? You realize work visas are different from travel visas, right?

Re: US tells India it is mulling caps on H1Bs to deter data rules

#98

Post by djrogers »

nunez wrote: post #53
nilsocket wrote: post #43

Master Card and Visa are failing, because we have something better in place. BHIM (Bharat Interface for Money) developed by National Payments Corporation of India. - Transferring money from one personal account to any new account (adding a beneficiary account) would take more than 4 hours. - One needs to login each and every time to transfer money. - There is a chance of forgetting password and account being locked o…

I completely believe it. I spent two months in Hyderabad. India is WAYYY ahead on the payments game. Every business, no matter the size, accepted mobile payments (usually PayTM, but I saw support for PhonePe, Zeta and others). The US is super behind on this; very, very, very few retailers accept Square Cash, more accept PayPal, none of them accept those payments easily. Any app that does mobile banking requires KYC v…

> For anything else online banking related, hard (in-person) KYC was required.

I'm not sure what your source is on this, but I've opened the vast majority of my financial accounts without any in-person KYC, including checking, savings, debit card, credit card, and every online payment account I've ever had.

There are a bunch of banks in the US (including my primary bank) which don't have branches to even do an in-person KYC at.

There are a lot of barriers to a great p2p and p2b payment system here, but in-person KYC isn't one of them.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#99

Post by kamaal »

throwaw4324 wrote: post #76
kamaal wrote: post #68

Earlier quoted context omitted.

As some one who returned from US, this is how I look at US/Outside India stay: 1. Ensure you are rich/have lot of money. 2. Ensure you are healthy. Even if one doesn't apply to you, life can be hell outside India. This is to an extent you won't even get a shoulder to cry upon. A lot of people think they have a social structure in the US, until they have call upon on in the times of emergencies, and realize they have…

Isn't there a burgeoning Indian community though ?

Most of it won't come to your help. You would be hard pressed to call upon a close friend.

In most cases its colleagues who graduate to being friends. But those generally wither away when you change companies. Others are made at community centers, they are mostly like frenemies.

If you plan to settle in the US, ensure you don't get poor and stay healthy.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#100

Post by kamaal »

mayankkaizen wrote: post #90
kamaal wrote: post #67

Earlier quoted context omitted.

>>India is WAYYY ahead on the payments game. Only if you(and the person receiving) can afford a smart phone, and an internet connection. The edge US has is the cards are ubiquitous, they cost nothing to carry and use. Every one has them, and every one receiving them has the readers. Most credit unions don't charge for checking accounts, and transaction fees are $0. US is WAYYY ahead on the payments access game.

These days owning smartphone isn't a big Deal. You can see lots of rikshaw puller, day labour, tea vendors, shop workers using smartphone. Jio data plans also played the important role in it. Actually the way I see it, tech illiteracy is a big hurdle. A lot of people don't use smartphone because learning to operate it is too much for them.

No, owning a smart phone is still a big deal. Cheap data plans are because the richest man in India subsidized them by taking a loan he will never repay, and likely get a tax payer bailout.

Any usable smart phone is still expensive. Most people on the streets don't have chargers, or stations. If it rains they can't keep buying a new one every day.

Even more than that electronic money is still a far cry. You first need to have money.

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