Explore Business Standard
T V Mohandas Pai
Former Infosys CFO and industry veteran Mohandas Pai on Saturday said the US move to impose a steep USD 100,000 annual fee on H-1B visa applicants will dampen fresh applications by companies and may accelerate offshoring in coming months. US President Donald Trump has signed a proclamation that will impose USD 100,000 annual visa fee for highly skilled workers. The H-1B nonimmigrant visa programme was created to bring temporary workers into the US to perform additive, high-skilled functions, but it has been deliberately exploited to replace, rather than supplement, American workers with lower-paid, lower-skilled labour, Trump said in the proclamation. Dismissing the notion that companies use H-1B visas to send cheap labour to the US, Pai pointed out that the average salary paid by the top 20 H-1B employers exceeds USD 100,000, and criticised what he termed as misplaced "rhetoric carrying on." An IT industry expert who did not wish to be named said that the fresh approvals for Indian
The information technology industry veteran T V Mohandas Pai has urged the Siddaramaiah-led Congress government in Karnataka to not spoil the state's future by "misplaced" communal and caste priorities. Sharing a post on 'X', the former Chief Financial Officer of Infosys said: "Karnataka govt should introspect on their misplaced priorities." Pai, partner at proprietary venture fund Aarin Capital, also tagged Chief Minister Siddaramaiah, Deputy Chief Minister D K Shivakumar and Home Minister G Parameshwara among others in his post and further said, "Pl do not spoil Karnataka's future by misplaced communal/caste priorities". On Wednesday, a retired flight lieutenant, Anoop Verma took to 'X' and shared a list of issues that he claimed were current topics in Gujarat and Karnataka. He shared how topics in Gujarat right now were about how to make it one trillion economy state, making it a semiconductor manufacturing hub, India's 20% job creation from the state whereas those in Karnataka
Information technology industry veteran T V Mohandas Pai has said the havoc caused in Bengaluru due to heavy rains was a result of multiple factors, including bad governance, high corruption and lack of urban reforms. Both political leaders and bureaucrats have failed the citizens, the former Chief Financial Officer of IT major Infosys Ltd said on the floods in parts of Bengaluru following two days of torrential rains. "...result of ineffective government, bad governance and high corruption. Money is allocated and largely shoddy work due to high corruption, lack of capability in the corporation, illegal construction, the list goes on," Pai told PTI. It also shows lack of urban reforms across all our cities over the last 30 years, he added.