FM Jaitley heads to US, will discuss H1B visa changes

RSTV Bureau

Union Minister for Finance Arun Jaitley will leave on a five-day official visit to the US on Wednesday to participate in the Spring Meetings of the World Bank and International Monetary Fund (IMF).

Finance Minister Arun Jaitley arrives  for a press conference after cabinet meeting in New Delhi

Finance Minister Arun Jaitley arrives for a press conference after cabinet meeting in New Delhi

Jaitley’s delegation includes senior bureaucrats Shaktikanta Das, Arvind Subramanian and a team of RBI officials led by RBI Governor Urijit Patel.

During his visit, the Finance Minister is expected to take up the H1 B visa issue with the US authorities.

“These (IT industry issues) are matters of discussion with the appropriate authorities there. Once I do discuss and get an opportunity, I will let you know,” he told reporters when asked whether he would take up the concerns of the Indian IT sector with the US administration.

US President Donald Trump has signed an executive order for tightening the rules of the H1B visa programme to stop its “abuse” and ensure that the visas are given to the “most- skilled or highest paid” petitioners

The next day April 21, Mr Jaitley and Dr Urijit Patel will participate in the G-20 Meeting on Financial Sector Development and Regulations and other issues.

The Finance Minister will hold a meeting with the CEOs and tell them about the investment opportunity in India.

The Finance Minister will hold a meeting with his US counterpart and US Secretary of Treasury.

He wills also in the evening, the Finance Minister will hold meetings with his Bangladesh counterpart and will also have a meeting with the President of World Bank.

On April 24, the Finance Minister will hold interaction with Council for Foreign Relations followed by a meeting with Institutional Investors and Long Term Investors.