The nearly 1.4 million mid-rung employees, who typically have 8-12 years of experience and earn Rs 12-18 lakh, are now at the centre of reskill and restructuring conversations happening across the sector.
That is because career progression in the IT sector has been for years measured in terms of the number of people an employee managed and not in terms of the new technologies learned, industry insiders and experts said. “The reality has nothing to do with middle management. It is simply this is a part of the company that never touches the outside world,” he had said. This disconnect is the crux of the problem.
NASSCOM asserts that it Will ensure H-1B reforms don’t hinder India’s IT sector:
NASSCOM President R Chandrashekhar said he will consult the US government and its embassy in India to ensure that the industry does not face any difficulty or hindrance in its work.
Ever since talk of possible reforms in H1-B visas led by US President Donald Trump, there has been a lot of uncertainty surrounding the Indian IT sector. However, NASSCOM’s President, R Chandrashekhar, reassured that he will consult the US government and its embassy in India, to ensure that the industry does not face any difficulty or hindrance in its work.
“We will, on our part, continue to engage, not only with the US government, but also the US embassy in India to ensure that there is no hindrance or difficulty for the industry to get the processes in shape,” said Chandrashekhar. The US has announced that from April 3, it would temporarily suspend the ‘premium processing’ of H-1B visas that allowed some companies to jump the queue, as part of overall efforts to clear the backlog. This will lead to process delays for Indian IT firms. Chandrashekhar said that this will have some business implications. However he felt that the move will not be a significant impediment for the over USD 110 billion outsourcing industry. Indian IT companies are spending millions to preserve their workforce. But human resource experts say the mid-level group, which has the most to be beaten, is also the most impervious for transformation.
India glimpses for veracious prices for enhancement of LNG, crude imports trade from US
IEA acclaims India is passing through the lime light in global energy market:
Being attended by top world leaders including those from the corporate sector and oil ministers of countries like Saudi Arabia, Russia, the United Arab Emirates and Canada, the Indian delegation is led by the Union Petroleum Minister Dharmendra Pradhan.
India is moving to the centre stage of global energy market and by the early 2020s it will replace Russia as the world’s third largest refiner, a top official of the International Energy Agency said.India’s state-run company GAIL Ltd signed a swap deal with trader Gunvor to sell some of its US LNG as the firm tries to cut costs for price-sensitive customers after a sharp fall in Asian spot prices made its US gas unattractive.
