News of the Day

Indian CEO Warns White House on Proposed Visa Curbs
The Wall Street Journal reported that one of India's most powerful businessmen is warning U.S. government and business leaders that proposed curbs on U.S. work visas are protectionist measures that could spark a major trade dispute with India. During a visit to the U.S. last week, Azim Premji, chief executive of Bangalore outsourcing giant Wipro Ltd., met with officials including White House economic adviser Lawrence Summers. The visa issue threatens to increase trade frictions between the U.S. and India, which are already trying to resolve disputes over agriculture and other sectors.