Indian expats in the US stand to gain from N-deal fallout

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New Delhi, Jul 7: being stalled at the Indian end since July 2007.

Under US social security laws, international agreements may only be arrived at with countries with a ‘generally applicable’ social insurance or pension system. Between December 2007 and now, India has made some progress on this front. The Unorganised Sector Workers’ Social Security Bill has been introduced in Parliament as well as reviewed by a standing committee. The Rashtriya Swasthya Bima Yojana has also been kicked off.

“It has been an intractable wall that we have been chipping away at for years. But this time, we feel they are convinced that there is a sound social security system in India,” the official said.