Jaitley wants US to change its unfair social security regime
Arun Jaitley, the finance minister has pushed the US administration to start a process which will help contributions from Indians to the country’s exchequer by way of social security to be returned and not retained in an unfair manner.
Jaitley has stated that this is like an aid program which is meant to help Indian workers run for the US government. Jaitley further added during his speech at the Centre for Strategic and International Studies that the demographic transition of India is: opportunities for partnership.
Based on research done by Jacob Kirkegaard at the Peterson Institute, Indians contribute around $3 billion every year to the US government. This is done by the way of social security contributions. Jaitley has stated that this money is never received back by the Indians.
Jaitley accordingly wanted the US to change what is formally called the totalisation regime. He stated that he is confident that the US will soon take up the matter. He called the present arrangement a “very unjust situation”.
As per Indian law, Indian workers who are posted to foreign countries by their Indian employers for short periods of time continue to make social security contribution in India.
Image Credit: World Economic Forum from Cologny, Switzerland / CC BY-SA 2.0, via Wikimedia Commons
Source: Arun Jaitley
You may also like
Image Reference: https://commons.wikimedia.org/wiki/File:Arun_Jaitley_at_the_India_Economic_Summit_2010_cropped.jpg
Recent Posts
- From coast to Canon: Prasad Suri’s rise in Indian literatureAt just 25, Prasad Suri became the youngest recipient of the 2025 Sahitya Akademi Yuva Puraskar.
- Power and devotion at Samayapuram Mariamman templeThis famous shrine honours Goddess Mariamman, a fierce form of Shakti
- Bomb threat sparks panic at 15 airportsGorakhpur airport drew special attention due to President Droupadi Murmu’s scheduled visit the following day.
- From coast to Canon: Prasad Suri’s rise in Indian literature
What’s new at WeRIndia.com
News from 700+ sources
-
Quad Calls For Punishing Perpetrators Of Pahalgam Attack
-
Amarnath Yatra 2025 starts: Registration, routes, helicopter booking, medical form requirement, heres all you need to know before your trip
-
NZMA mourns the loss of esteemed member Anees Jalil
-
Hyderabad Weather Today: Misty skies and high humidity on horizon as rain looms; check complete forecast
-
When Amitabh Bachchan was left heartbroken by son Abhishek’s cold reply
-
US Halting Some Shipments Of Military Aid To Ukraine
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply