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| Politics
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| Obama signs 9/11 healthcare bill |
| Ignoring India's concerns, Obama signs 9/11 healthcare bill
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| UNITED STATES OF AMERICA
, 5-January-2011
2:21:46 AM |
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Ignoring India's concerns and veiled warning that it would drag the US to the World Trade Organisation, President Barack Obama has signed into law a bill that would provide free healthcare to the first responders of the twin-tower terrorist attack in New York in September 2001.
Obama took some time off from his vacation in Hawaii to sign the bill that provides for a fund of USD 4.2 billion for the free healthcare to 9/11 responders, a portion of which is being raised by extending an increase in some categories of H-1B visa fee that would mainly affect Indian IT companies. India has objected to such an increase.
It also imposes a two per cent levy on goods and services the US imports from certain developing countries, including India. An extension in increase in H-1B visa fee is estimated to cost Indian companies USD 200 million.
Indian Commerce Minister Anand Sharma had termed it as a retrograde step for greater trade engagement with the US.
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