In US, Arun Jaitley Makes Strong Case For Reforms In H1-B/L1 Visa Processes

Washington: Highlighting the contribution of skilled Indian professionals to the US economy, Finance Minister Arun Jaitley has made a strong case for reforms in H1-B/L1 visa processes during bilateral talks with the US Treasury Secretary and US Commerce Secretary.

"Jaitley made a strong case for reforms in H1-B/L1 visa processes and social security contribution so that high calibre Indian professionals serving American interests are not unfairly deprived of their well-earned money. He also highlighted the contribution skilled Indian professionals have made to the US economy and said that this must be suitably appreciated by the US side," the Finance Ministry said in a statement on Friday.

The Finance Minister is on a one-week official tour to Washington DC to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank and other associated meetings. He is accompanied by Reserve Bank of India Governor Urjit Patel and Economic Affairs Secretary Subhash Chandra Garg.

On the sidelines of the World Bank and IMF Meetings, Mr Jaitley held bilateral meetings with the US Treasury Secretary and the US Commerce Secretary here and discussed the Indo-US economic cooperation, in particular how bilateral trade and investment can be improved between the two countries.

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The Finance Minister highlighted the structural reforms India has undertaken through a series of bold measures, including the Goods and Service Tax (GST), financial inclusion and action against the shadow economy, the statement said.