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	<title>Indian International Chamber of Commerce &#38; Culture &#187; Business News</title>
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		<title>Rajiv Shah nominated to head USAID</title>
		<link>http://indianinternationalchamber.com/2010/01/03/rajiv-shah-nominated-to-head-usaid/</link>
		<comments>http://indianinternationalchamber.com/2010/01/03/rajiv-shah-nominated-to-head-usaid/#comments</comments>
		<pubDate>Sun, 03 Jan 2010 16:20:25 +0000</pubDate>
		<dc:creator>TheIndian</dc:creator>
				<category><![CDATA[Business News]]></category>

		<guid isPermaLink="false">http://indianinternationalchamber.com/?p=470</guid>
		<description><![CDATA[After months of delays because of tangled vetting procedures, the Obama administration on Tuesday named a former executive with the Bill and Melinda Gates Foundation to run its main foreign aid arm, the U.S. Agency for International Development. The official, Rajiv J Shah, a medical doctor and health economist now at the Agriculture Department, would [...]]]></description>
			<content:encoded><![CDATA[<div id="attachment_471" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-471" title="Rajiv Shah" src="http://indianinternationalchamber.com/wp-content/uploads/2010/01/rajivshah_usaid-300x199.jpg" alt="Rajiv Shah has been nominated by Obama to head USAID" width="300" height="199" /><p class="wp-caption-text">Rajiv Shah has been nominated by Obama to head USAID</p></div>
<p>After months of delays because of tangled vetting procedures, the Obama administration on Tuesday named a former executive with the Bill and Melinda Gates Foundation to run its main foreign aid arm, the U.S. Agency for International Development.</p>
<p>The official, Rajiv J Shah, a medical doctor and health economist now at the Agriculture Department, would take over an agency whose power and profile have eroded in recent years, but which is enmeshed in some of the administration&#8217;s toughest challenges, including Iraq, Afghanistan and Pakistan.</p>
<p>Shah&#8217;s appointment, if confirmed by the Senate, would bring an end to 10 months of leadership drift at the agency that has deeply frustrated Secretary of State Hillary Rodham Clinton. Clinton placed development at the heart of her diplomatic agenda, but she has struggled to find a candidate who could navigate the exhaustive confirmation process.</p>
<p>Paul Farmer, a renowned physician and anthropologist who has run public health programs in Rwanda and Haiti, was one of several candidates who withdrew his name for the post, citing the intrusiveness of the process. In July, Clinton publicly vented her anger, saying the confirmation process was &#8220;ridiculous&#8221; and &#8220;frustrating beyond words.&#8221;</p>
<p>The leadership vacuum at the agency has become especially acute as the Obama administration has stepped up the deployment of civilian personnel to Afghanistan. The Agriculture Department has taken the lead in one of the most ambitious efforts: sending agricultural economists to advise farmers on how to wean themselves off poppies and move into legal crops.</p>
<p>Shah, 36, served as the director of agricultural development and managed a $1.5 billion investment in a vaccine fund for the Bill and Melinda Gates Foundation. At the Agriculture Department, he is the chief scientist and under secretary for research, education and economics. He is also active in the administration&#8217;s global food security initiative.</p>
<p>&#8220;He&#8217;s an extraordinary talent,&#8221; Agriculture Secretary Tom Vilsack said. &#8220;He&#8217;s brilliant, but has not lost his common touch in his capacity to reach people.&#8221;</p>
<p>In a statement from Singapore, where she was traveling, Clinton said Shah would bring &#8220;an impressive record of accomplishment and a deep understanding of what works in development.&#8221;</p>
<p>Shah, whose family immigrated to the United States from India, also has political connections, having campaigned for President Barack Obama and served as a health policy adviser to former Vice President Al Gore during Gore&#8217;s presidential campaign.</p>
<p>Development experts said they were pleased by Shah&#8217;s appointment, but even more pleased that the administration had finally found someone to fill the job. Because Shah has already been confirmed by the Senate once before, the administration is hopeful that he will be approved quickly.</p>
<p>&#8220;This administration has inherited a very weak and fragmented USAID and aid infrastructure,&#8221; said David Beckmann, the president of Bread for the World, a Christian group that advocates for hunger relief. &#8220;By getting someone in that position, Mrs. Clinton has taken a step forward.&#8221;</p>
<p>Beckmann called for Obama to restore the agency&#8217;s profile by giving Shah a seat on the National Security Council, and for Clinton to give back its independent budget and policymaking authority, which had been subsumed by the State Department.</p>
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		<title>H1B Work Visas Finally Reach 65,000 Cap</title>
		<link>http://indianinternationalchamber.com/2009/12/29/h1b-work-visas-finally-reach-65000-cap/</link>
		<comments>http://indianinternationalchamber.com/2009/12/29/h1b-work-visas-finally-reach-65000-cap/#comments</comments>
		<pubDate>Tue, 29 Dec 2009 10:16:17 +0000</pubDate>
		<dc:creator>TheIndian</dc:creator>
				<category><![CDATA[Business News]]></category>

		<guid isPermaLink="false">http://indianinternationalchamber.com/?p=373</guid>
		<description><![CDATA[After months of tardy response, applications for US H-1B visas for highly skilled workers coveted by Indian professionals have reached the Congress-mandated cap of 65,000, thanks to a sudden spurt in the last couple of months. The US Citizenship and Immigration Services (USCIS) on Wednesday announced that it has received a sufficient number of applications [...]]]></description>
			<content:encoded><![CDATA[<p><div id="attachment_374" class="wp-caption alignleft" style="width: 233px"><img src="http://indianinternationalchamber.com/wp-content/uploads/2009/12/visa-223x300.jpg" alt="H1B work visas finally reach 65,000 cap" title="US Visas" width="223" height="300" class="size-medium wp-image-374" /><p class="wp-caption-text">H1B work visas finally reach 65,000 cap</p></div><br />
After months of tardy response, applications for US H-1B visas for highly skilled workers coveted by Indian professionals have reached the Congress-mandated cap of 65,000, thanks to a sudden spurt in the last couple of months.</p>
<p>The US Citizenship and Immigration Services (USCIS) on Wednesday announced that it has received a sufficient number of applications to reach the mandated cap of 65,000 for working professionals for the fiscal year ending September 30, 2010.</p>
<p>&#8220;USCIS is hereby notifying the public that Dec 21, 2009 is the final receipt date for new H-1B speciality occupation petitions requesting an employment start date in FY 2010,&#8221; an official media release said.<br />
Unlike previous years when the cap was reached within a couple of days of the USCIS starting to accept H-1B petitions on April 1, this year it had received no more than 45,000 applications till the middle of May.<br />
Thereafter it took nearly seven months to fill the rest of the 20,000 slots, a sizeable number of which, in fact, were received in the last few weeks.</p>
<p>USCIS has also received more than 20,000 H-1B petitions filed on behalf of persons exempt from the cap under the &#8220;advanced degree&#8221; exemption.</p>
<p>Source: <a href="http://www.deccanchronicle.com/international/h1b-work-visas-finally-reach-65000-cap-156">IANS by way of Deccan Chronicle</a></p>
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		<title>Asian Development Bank to provide loans to India</title>
		<link>http://indianinternationalchamber.com/2009/12/22/asian-development-bank-to-provide-loans-to-india/</link>
		<comments>http://indianinternationalchamber.com/2009/12/22/asian-development-bank-to-provide-loans-to-india/#comments</comments>
		<pubDate>Tue, 22 Dec 2009 10:05:28 +0000</pubDate>
		<dc:creator>TheIndian</dc:creator>
				<category><![CDATA[Business News]]></category>

		<guid isPermaLink="false">http://indianinternationalchamber.com/?p=199</guid>
		<description><![CDATA[NEW DELHI (Reuters) &#8211; India has signed two loan agreements totalling $850 million with the Asian Development Bank (ADB), the finance ministry said in a statement on Tuesday. The ADB will provide a $700-million loan, in three tranches in as many years, to state-run India Infrastructure Finance Company Ltd. to fund the country&#8217;s infrastructure programme. [...]]]></description>
			<content:encoded><![CDATA[<div id="attachment_595" class="wp-caption alignleft" style="width: 129px"><img src="http://indianinternationalchamber.com/wp-content/uploads/2009/12/adb_logo.jpg" alt="Asian Development Bank has struck a large loan deal with India" title="ADB Logo" width="119" height="84" class="size-full wp-image-595" /><p class="wp-caption-text">Asian Development Bank has struck a large loan deal with India</p></div>
<p>NEW DELHI (Reuters) &#8211; India has signed two loan agreements totalling $850 million with the Asian Development Bank (ADB), the finance ministry said in a statement on Tuesday.</p>
<p>The ADB will provide a $700-million loan, in three tranches in as many years, to state-run India Infrastructure Finance Company Ltd. to fund the country&#8217;s infrastructure programme.</p>
<p>The Manila-based bank will lend $150 million in four tranches over a period of three years, the statement added, for the restructuring and development of Khadi industry, which makes India&#8217;s traditional handspun fabric.</p>
<p>(Reporting by Rajesh Kumar Singh; Editing by Malini Menon)</p>
<p><a href="http://in.reuters.com/article/businessNews/idINIndia-44913820091222">See Original Article</a></p>
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		<title>Meaningful deal struck with India: US</title>
		<link>http://indianinternationalchamber.com/2009/12/22/meaningful-deal-struck-with-india-us/</link>
		<comments>http://indianinternationalchamber.com/2009/12/22/meaningful-deal-struck-with-india-us/#comments</comments>
		<pubDate>Tue, 22 Dec 2009 09:13:29 +0000</pubDate>
		<dc:creator>TheIndian</dc:creator>
				<category><![CDATA[Business News]]></category>

		<guid isPermaLink="false">http://indianinternationalchamber.com/?p=192</guid>
		<description><![CDATA[Copenhagen: Hours after high drama at the Climate Change Summit here, President Barack Obama said the US and several other countries, including India, have reached a legally non-binding &#8220;meaningful&#8221; deal to combat the threat of global warming. Obama said three components &#8211; transparency, mitigation and finance &#8211; form the basis of the common approach that [...]]]></description>
			<content:encoded><![CDATA[<p><span style="font-size: 12px;"> </span></p>
<p style="padding-left: 5px;"><strong>Copenhagen:</strong> Hours after high drama at the Climate Change Summit here, President Barack Obama said the US and several other countries, including India, have reached a legally non-binding &#8220;meaningful&#8221; deal to combat the threat of global warming.</p>
<p style="padding-left: 5px;">Obama said three components &#8211; transparency, mitigation and finance &#8211; form the basis of the common approach that the United States, India, China and other major emerging economies embraced in Copenhagen.</p>
<p style="padding-left: 5px;">&#8220;Today we&#8217;ve made meaningful and unprecedented &#8211; made a meaningful and unprecedented breakthrough here,&#8221; Obama told reporters here after a meeting with Prime Minister Manmohan Singh and leaders of China, Brazil and South Africa.</p>
<p style="padding-left: 5px;">&#8220;For the first time in history all major economies have come together to accept their responsibility to take action to confront the threat of climate change,&#8221; he said.</p>
<p style="padding-left: 5px;"><span style="font-size: 12px;"><br />
</span><br />
<a href="http://www.financialexpress.com/news/meaningful-deal-struck-with-india-us/556457/">Original Article at Financial Express</a></p>
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