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Monday, January 16, 2012

The Ruling Corporate Free Market LPG Mafia Zionist Brahaminical Government killed the fundamentals of Indian Economy and Production system. Killed Agriculture and introduced service as the base of the Sensex economy which depends on Outsourcing from

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The Ruling Corporate Free Market LPG Mafia Zionist Brahaminical Government killed the fundamentals of Indian Economy and Production system. Killed Agriculture and introduced service as the base of the Sensex economy which depends on Outsourcing from America. But now No more of being 'Bangalored', Obama promotes 'insourcing', leaner govt!

A bill that would punish American companies for sending their customer call centers overseas has caused an uproar in India and the Philippines, where politicians and corporations fear lost business due to the U.S. bill's protectionist measures.The legislation, pushed by Rep. Tim Bishop (D-N.Y.) and the Communications Workers of America (CWA) union, would make companies that outsource their call center work ineligible for guaranteed federal loans and grants for a period of five years. The bill, entitled "U.S. Call Center Worker and Consumer Protection Act," would also require those companies to report themselves in advance to the Labor Department, which would maintain a public list of the companies who outsource. 

President Obama — with the help of a few household items and a Republican-friendly idea — promised Saturday to make the federal government more pro-business.President Barack Obama is promoting new initiatives to make the government leaner and more efficient and bring jobs back to the US from overseas.President Barack Obama urged companies to move outsourced jobs back to the United States and touted his plan for a more business-friendly government in his weekly address to the nation Saturday.The president asked business executives to invest more in the country that fostered their success and said he had a number of American-made products with him: a lock, boots, socks and a candle. Home to the largest call center industries in the world, India and the Philippines would stand to lose the most if such a law succeeded in deterring American corporations from taking their customer operations out of the U.S. in order to save on labor costs. Last week, a Filipino parliamentarian publicly urged President Benigno Aquino III to dispatch "a strong lobby team" in Washington to stop the bill in its tracks, warning that it would "kill" the industry in the Philippines. Similarly, India's ambassador to the United States has suggested that country also plans to lobby hard on the bill. 

"No, we're not having a yard sale. And these products may not appear to have much in common. But they're united by three proud words: 'Made in America,'" Obama said. "The companies that make these products are part of a hopeful trend: they're bringing jobs back from overseas … And in this make-or-break moment for the middle class and those working to get into the middle class, that's exactly the kind of commitment to country that we need." According to CWA statistics, American call centers account for about three percent of the country's jobs, although about half a million such jobs have been lost over the last four years due to offshoring. In a statement released Monday, the CWA called the legislation "an actual, honest-to-God, bi-partisan bill focused on U.S. jobs," as well as "a measured step towards helping foster job growth in the U.S." The CWA represents 700,000 workers in the U.S., roughly 150,000 of them call center employees. 

Meanwhile,Indian software companies are bracing for a slower pace of outsourcing contracts in 2012 when they kick off quarterly earnings this week because of the lingering debt crisis in Europe, their biggest market after the United States. Infosys Ltd, the country's No.2 software services exporter, bigger rival Tata Consultancy Services Ltdand third-ranked Wipro Ltd get about three-quarters of their revenue from the United States and Europe. Global spending on information technology will rise at the slowest pace in three years in 2012 as Europeans, worried about the region's sovereign debt crisis are cutting back on investments, research firm Gartner Inc said on January 5. Gartner predicted global IT spending would rise 3.7 per cent in 2012, down from its earlier estimate of 4.6 per cent. The forecast for Western Europe was slashed to a 0.7 per cent drop in spending from a previously expected rise of 3.4 per cent. 

This has been the long-standing campaign of the US government against outsourcing, which was capped by the filing of House Bill 3596, or the "Call Center and Consumers Protection Bill," in the US Congress seeking to discourage American-owned companies from outsourcing call-center work by publishing those companies that put up call-center operations abroad, preventing them from availing themselves of Federal grants or guaranteed loans, requiring call center employees to tell US consumers where they are located, if asked, and requiring call centers to transfer calls to a US call center if asked. The bill places the power to choose and decide, not only to US businesses, but also among consumers. If approved, the Philippines, considered as one of the leading BPO service providers in the world, is expected to be negatively affected because apart from the pressure among US businesses, American consumers will now have the power to choose where their calls get routed to. That's why the Philippine and Indian governments are stepping up to influence and lobby with US policy-makers to avert the passage of the bill. In addition to making them ineligible for federal loans, the call center bill would place stiff mandates on companies that chose to outsource their call centers. Customer service reps working in those companies' call centers overseas would be required to disclose their locations when asked by American callers, as well as provide callers with the option of being transferred to a call center in the U.S. -- stipulations likely aimed at pleasing constituents who are tired of dealing with customer service reps based in other countries. 

America's presidential elections, right now, are all about Republican presidential hopefuls fighting it out to for the right to challenge Barack Obama in November. But most of the energy and passion and campaign money of the ethnic group that has the highest median income in the US are directed towards the Democratic president. Obama is the hot favourite with the wealthy and influential Indian-American community. Obama is expected to face a tough re-election battle in November. However, among Indian-American voters he holds a clear advantage, interviews with a cross-section of the community, including Democratic and Republican operatives and activists, show. Indian-Americans may make up only about 1% of the US population, but their wealth matters. A review of campaign finance data compiled by theCenter for Responsive Politics reveals that at least seven Indian-Americans are among the 350 top Obama supporters who each helped raise a minimum of $50,000 (Rs 26 lakh) in the current election cycle. These seven individuals raised between $850,000 and $2 million. One of them is Frank Islam, a Washington area businessman who has given some $350,000 to various candidates and campaigns. Islam, who runs an investment firm, said he is as enthusiastic about Obama as he was in 2008. "I give money because I strongly believe we must elect representatives who can rejuvenate the middle class and who can reignite manufacturing sectors and unleash the potential for small businesses and entrepreneurs," said Islam, who emigrated from India in the 1960s. 

The President displayed a padlock, a pair of boots, a candle and a pair of socks — items all made in the United States — and vowed to stem the tide of American business owners outsourcing their jobs. "I'll make sure you've got a government that does everything in its power to help you succeed," Obama said in his weekly address. The President pledged that he would soon unveil a new tax code that would give incentives for companies that bring jobs back from overseas — and eliminate breaks for those that do not. Obama was vague on the details of the tax reform — saying they would be revealed in the coming weeks — but recent remarks from administration officials indicate that it could be a sweeping change of the nation's tax code. That move appears lifted from the Republican playbook, and could provide Obama with a winning election year issue, his advisors hope. The swipe at businesses who sent jobs overseas has also been interpreted as a subtle jab at Obama's would-be White House rival Mitt Romney, who oversaw the outsourcing of thousands of jobs during his time in the private sector. 

He rolled out both election-year ideas this past week and used his radio and internet address Saturday to talk them up and call on Congress and the private sector to get on board. "Right now, we have a 21st century economy, but we've still got a government organised for the 20th century," Obama said. "Over the years, the needs of Americans have changed, but our government has not. In fact, it's gotten even more complex. And that has to change." On government reorganisation, Obama wants a guarantee from Congress that he could get a vote within 90 days on any idea to consolidate federal agencies, provided it saves money and cuts the government. His first order of business would be to merge six major trade and commerce agencies into one — eliminating, among others, the Commerce Department.

The US president is promising new tax incentives for businesses that bring jobs to the US instead of shipping them overseas. AP The proposal is in part a challenge to congressional Republicans since it embraces the traditional Republican goal of smaller government, and Obama called on Congress to back him. "These changes will make it easier for small-business owners to get the loans and support they need to sell their products around the world," he said.

Obama is also promising new tax incentives for businesses that bring jobs to the US instead of shipping them overseas, and he wants to eliminate tax breaks for companies that outsource. "You've heard of outsourcing — well, this is insourcing," said Obama. "And in this make or break moment for the middle class and those working to get into the middle class, that's exactly the kind of commitment to country that we need." Obama went so far as to bring several US-made products to display in his weekly video — a padlock, a candle, some socks and a pair of boots — to demonstrate his commitment to made-in-America manufacturing.

Republicans used their weekly address to promote the Keystone XL project to carry oil from Canada to Texas Gulf Coast refineries. Under a Republican-written provision Obama signed into law just before Christmas as part of an unrelated tax bill, the president faces a 21 February deadline to decide whether the $7 billion pipeline is in the national interest. The Republican Party is pounding Obama over the issue, saying it's a question of whether he wants to create jobs and import energy from a close friend and ally — or lose jobs and see Canadian oil go to Asia instead. "If the Keystone XL pipeline isn't built, Canadian oil will still be produced and transported," said Republican Sen. John Hoeven. "But instead of coming to our refineries in the United States, instead of creating jobs for our people, instead of reducing our dependence on Middle Eastern oil and keeping down the cost of fuel for American consumers — that oil will be sent to China." Obama had sought to delay the project and the State Department has warned the deadline doesn't leave it enough time for necessary reviews. Hoeven accused Obama of turning his back on American workers if he fails to approve it. 

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