Positive mood about India in United States, says Arun Jaitley

For RERA to work well real estate sector needs a thorough clean-up

Jaitley makes 'strong case' for H-1B in meetings with US officials

Jaitley, who is in the US on a week-long tour, held bilateral meetings with his US counterpart and Treasury Secretary Steven Mnuchin and US Commerce Secretary Wilbur Ross.

"The Finance Minister Shri Jaitley also highlighted the contribution skilled Indian professionals have made to the United States economy, and that this must be suitably appreciated by the USA side", the statement said.

H-1B visas allow US-based companies to hire highly skilled foreigners and L-1 visas allow intra-company transfers to the United States from overseas, and both are extremely popular with Indian companies operating in the US.

During his election campaign, US President Donald Trump had promised to increase oversight of our H1B and L1 visa programmes.

"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", the Indian Finance Ministry said in a statement on Friday.

Mr Jaitley, who is on a week-long visit to the United States, is leading a high-powered Indian delegation to attend the annual meeting of the International Monetary Fund and the World bank.

"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", according to the press statement by the Press Information Bureau.

Also on Thursday, at an interactive seminar here organised by industry chamber Ficci, he said the slowdown effect of demonetisation and GST roll-out on the Indian economy has played out and the country's growth is now headed towards being more balanced and sustainable.

The 64-year-old minister said skilled workers from India, who are mostly come on H-1b visas, have contributed to the U.S. economy and their efforts "must be suitably appreciated by the United States side".

Earlier, Economic Affairs Secretary Subhash Chandra Garg delivered a keynote address on micro pension, where he highlighted the big challenge of convincing policy makers and the potential young persons needing pension after their active life.

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