Visa fee hike: India asks US to exempt professionals from social security tax

Dated:June 24,2011
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Top Headlines

India to overtake US as world's second largest trading nation: Citibank

In less than 40 yrs India will overtake US as the world's second-largest trading nation, pushing the latter to the third place and Europe into the little league.


Visa fee hike: India asks US to exempt professionals from social security tax

India has asked the US to move ahead with an agreement which would exempt professionals from payment of security taxes to mitigate the impact of a visa fee hike last year.


'Over half of India's workforce self-employed'

While 51% of the country's total workforce are self-employed, only around 15.6% are 'regular wage/ salaried' employees and 33.5% are casual labour.



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Already, the Reserve Bank of India and the ministry of finance have issued guidelines to banks to use Aadhaar as an identifier.


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