US Techies Declare IT Agency Gave Their Jobs To Indians On H1-B Visas: Report

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

New Delhi: A bunch of American professionals has levelled severe allegations in opposition to Indian tech big Tata Consultancy (TCS) within the newest twist to the continued debate over the US visa program for expert international staff. The employees alleged that they have been fired by TCS on quick discover and their roles given to Indians on H-1B visas, the Wall Avenue Journal reported.The H-1B visa program permits US firms to make use of international staff in specialty occupations requiring technical experience. Sometimes, H-1B visa holders are employed for 3 to 6 years, with the potential of renewal in the event that they pursue everlasting resident standing by the Inexperienced Card course of.In response to complaints filed with the Equal Employment Alternative Fee (EEOC), a minimum of 22 American staff declare that TCS unlawfully discriminated in opposition to them primarily based on race and age. These former staff, hailing from numerous ethnic backgrounds and ranging in age from their 40s to their 60s, allege that TCS terminated their employment on quick discover and changed them with lower-paid Indian immigrants on H-1B visas.”While companies often conduct layoffs that affect workers with more seniority, the American professionals say TCS broke the law by targetting them based on protected characacteristics of age and race,” the WSJ report stated.The employees affected by these alleged discriminatory practices reside in additional than a dozen states throughout the US and possess superior levels, together with a grasp’s in enterprise administration, in response to the report.They allege that the TCS demonstrated preferential therapy in the direction of Indian staff within the US who already possessed the H-1B visa.Calling the allegations meritless, TCS stated it has by no means engaged in illegal discrimination. “TCS has a strong record of being an equal opportunity employer in the US, acting with integrity in its operations,” an organization spokesperson instructed WSJ.The H-1B visa system, which yearly points 65,000 visas together with an extra 20,000 for candidates holding superior levels from US establishments, has been a topic of competition for years. Critics argue that it permits firms to use low cost labor from abroad, doubtlessly displacing American staff and decreasing wages.Tech firms, particularly, closely depend on the H-1B visa program to recruit expertise from world wide. The choice course of entails a lottery performed by the US Citizenship and Immigration Companies, with employers sponsoring chosen candidates for the visa.

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