An online post from Indian National Congress General Secretary Jairam Ramesh, combined with new business analysis in India, is spotlighting how Sen. Bernie Moreno’s Halting International Relocation of Employment Act could significantly affect India’s technology-services economy if enacted.
On October 6, Senator Bernie Moreno of Ohio introduced the Halting International Relocation of Employment Act — the “HIRE Act” — and the bill “has been referred to the Senate Committee on Finance.” Jairam Ramesh, Member of Parliament and General Secretary (Communications) of the Indian National Congress, posted on X on Monday: “The Bill proposes a 25% tax on any U
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