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Indo-US bilateral relations: Future of 300,000 Indians at stake

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By NewsGram Staff Writer

One of the few, and serious economic grievances that New Delhi has raised with Washington is the lack of a totalisation agreement on the social security and Medicare taxes contributed by Indian workers to the American coffers.

30-1422584463-india-us-flagsIndia has now decided to up the ante on the issue by pressing the US government to sign the agreement. More than 505 signatures have already been signed on an online petition addressed to the External affairs minister, Sushma Swaraj, asking her to strongly take up the issue with the US government.

Currently, non-immigrants and other 300,00 Indians on H1-B visa have to shell out a tonne of money if they are in the US for less than 10 years or 40 quarters. A whopping sum of $25 billion has already been wiped out in the past years owing to the US law.

“Signing the treaty should be on top of the agenda in the US-India Strategic Partnership,” says the petition.

The urgency to take up the issue with US stems from the fact that for the past decade India has been demanding a totalisation agreement, but its call has fallen on deaf ears primarily because the US does not want to lose free money.

The moral argument that India has raised does not raise much hackles in the hard-nosed American politics. No war has ever been won purely on moral grounds. Even the apartheid cookie crumbled due to economic reasons when the South African government was squeezed through divestments via boycott of goods and civil right activism.

Another pressing concern which irked India during the mid-2000s was the exclusion from the club of nuclear countries. But the global scenario prevalent during the time forced George Bush to provide with nuclear superstructure in 2005, a realpolitik gambit aimed at recognising India as its strategic partner, not to mention countering fears of an emerging China.

Things, as they stand today, are different. America no longer has the same compulsions as before. Chinese economy is going through a slowdown and US remains the only bright spot in the world economy.

Therefore, India needs to go back to the drawing room and hatch another plan, a tighter case backed with hard legal arguments. A glimmer of hope had arisen when President Barack Obama in January agreed to pursue an India-US Totalisation agreement.

Still, prospects for signing the deal remain bleak. US has time and again cited technical issues and ‘incompatibility’ of the systems followed by the two countries as the reason for sticking persistently to its stance of non-commitment.

However, here is where the American argument becomes flawed. India has signed at least 9 agreements where the workers are allowed pay into his/her social security if they are employed for less than 5 years. (The Indo-Canada pact is a case in point)

Maybe America needs to come up with a flexible, custom-made treaty such as the one determining wages on the basis of a combination of duration of work and the origins of the employer.

But American commitment to etch a bilateral pact remains questionable.

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Oracle Witnessing Double-Digit Growth in India For Past 3 Years

The Oracle Autonomous Database now has the capability to automatically scan for security threats and apply security updates while running to help prevent cyberattacks and data theft

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Cloud major Oracle, which is seeing high demand in the Banking, Financial Services and Insurance (BFSI), telecom and manufacturing sectors in India, has witnessed double-digit growth in the country for the past three years, a top company executive has said.

Start-ups and small and medium businesses (SMBs) are fast adopting Oracle’s Software-as-a-Service (SaaS) in the country.

“We are seeing double-digit growth (on an average) in the country. In fact, that’s both in our NetSuite business as well as our enterprise business.

“The India Cloud business is really booming. Overall, the double-digit growth has been there for the last three years in the country, which has been the best-performing region in the Asia-Pacific for us,” Shaakun Khanna, India SaaS GTM Lead, Oracle, told IANS in an interview.

The company competes with major Cloud players like Amazon Web Services (AWS), Google Cloud Platform and Microsoft Azure and provides services such as SaaS, Platform-as-a-Service (PaaS) and Data-as-a-Service (DaaS).

According to Oracle, as a corporation, the firm is on track to become the top SaaS company in the world.

The company offers innovative and proven Cloud suite of SaaS applications that enable customers to transform their business with the latest intelligent technologies such as Artificial Intelligence (AI) and Machine Learning (ML).

“From a perspective of completeness of our enterprise applications, there’s no one who can compare with us. So, that’s pretty much our objective and vision in India as well,” Khanna added.

Oracle Launches Intelligence Map for Close Look at Internet.
Witnessing double-digit growth in India for past 3 years: Oracle. IANS

According to the company, going “autonomous” gave it an edge over rivals in the country.

Larry Ellison, Co-Founder and Executive Chairman of Oracle, in October unveiled the second generation Oracle Cloud with autonomous capabilities, improved security and upgrades for enterprises at the company’s annual user conference “Oracle Open World 2018” in San Francisco.

According to Khanna, autonomous is probably the biggest thing because, with autonomous, the ability to engage technologies like AI, ML, UI-UX, is there.

“I think the other advantage is our diversity, because if you look at it, we are the only company of our stature in the world that has everything — it’s not just the applications that are ours, the hardware, the infrastructure, the database, everything is Oracle,” Khanna noted.

Also Read- China, US Set To Take Action Against Each Other

The Oracle Autonomous Database now has the capability to automatically scan for security threats and apply security updates while running to help prevent cyberattacks and data theft.

“If you look at the way Oracle built its first set of Cloud infrastructure is very similar to how Google built it, how Amazon built it, how Microsoft built it, almost everyone built it and we are doing exactly the same.

“Larry and the other founders who started Oracle — they were working for a CIA project and then they came out and started Oracle. So we understand security from our DNA,” said Mitesh Agarwal, Vice President, Key Accounts, Oracle India.

“Almost all of our competitors have never managed to move an enterprise workload to the Cloud — not a single one of them. They all have peripheral applications that have moved to the Cloud. That’s still only about 5-6 per cent of the workloads in the world,” Agarwal informed. (IANS)