{"id":34163,"date":"2025-11-04T07:20:56","date_gmt":"2025-11-04T07:20:56","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=34163"},"modified":"2025-11-04T07:21:09","modified_gmt":"2025-11-04T07:21:09","slug":"if-hire-bill-in-us-becomes-reality-it-will-light-a-fire-in-indian-economy-congress","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/if-hire-bill-in-us-becomes-reality-it-will-light-a-fire-in-indian-economy-congress\/","title":{"rendered":"If HIRE Bill in US becomes reality, it will light a fire in Indian economy: Congress"},"content":{"rendered":"

NEW DELHI: The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing payment will \u201clight a fire in the Indian economy\u201d if it becomes a reality.<\/p>\n

The opposition party said the bill reflects a growing mindset in the US that while blue-collar jobs were \u201clost\u201d to China, white-collar jobs should not be \u201clost to India.\u201d Congress general secretary in-charge communications Jairam Ramesh made the remarks, referring to the Halting International Relocation of Employment Act, or HIRE Act Bill, introduced on October 6 by Senator Bernie Moreno of Ohio.<\/p>\n

The bill has been referred to the Senate Committee on Finance, he said on X.<\/p>\n

The bill proposes a 25 per cent tax on any US person making an outsourcing payment, defined as \u201cany money paid by a US company or taxpayer to a foreign person whose work benefits consumers in the United States,\u201d he said.<\/p>\n

The bill has a direct and deep impact on India\u2019s IT services, BPO, consulting and GCCs (global capability centres), Ramesh said.<\/p>\n

Other countries like Ireland, Israel, and the Philippines too will be impacted but the maximum effect will be on India\u2019s exports of services which has been a marked success story over the past quarter of a century, he said.<\/p>\n

Ramesh said the bill in its present form may or may not pass, and may get modified.<\/p>\n

\u201cIt may just linger. But one thing is clear \u2013 the Bill reflects a growing mindset in the US that while blue-collar jobs were \u2018lost\u2019 to China, white-collar jobs should not be \u2018lost to India\u2019,\u201d he claimed.<\/p>\n

Nobody expected a year ago that the India-US economic relationship would take so many knocks \u2013 of which the HIRE Bill is another reflection, Ramesh said.<\/p>\n

\u201cIf ever HIRE becomes a reality it will light a fire in the Indian economy which may have to face a new normal in relation to the US,\u201d the Congress leader said.<\/p>\n

The proposed HIRE Act, introduced by Senator Bernie Moreno, if passed, will curb outsourcing and promote domestic employment by imposing a 25 per cent levy on payments made by American companies to foreign workers for services benefiting US consumers.<\/p>\n

Ramesh also shared a link to the provisions of the bill.<\/p>\n

\"If
If HIRE Bill in US becomes reality, it will light a fire in Indian economy: Congress<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI: The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing payment will \u201clight a fire in the Indian economy\u201d if it becomes a reality. The opposition party said the bill reflects a growing mindset in the US that […]<\/p>\n","protected":false},"author":2,"featured_media":34164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[67,89,54],"tags":[],"class_list":["post-34163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-header","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nIf HIRE Bill in US becomes reality,it will light a fire in Indianeconomy<\/title>\n<meta name=\"description\" content=\"The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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