Anti-outsourcing bill blocked in US Senate; India Inc happy

Anti-outsourcing bill blocked in US Senate; India Inc happy In a relief to the Indian IT industry, the Republicans in the US Senate blocked an anti-outsourcing bill that would have deterred American firms from shifting jobs to competitive locations overseas. Seen as a blow to President Barack Obama, the 53-45 defeat vote blocked the bill on Tuesday, as it fell six votes short of passage. At least 60 votes were needed to clear the Republican procedural hurdl

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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