The agreement applies to workers temporarily posted to a branch of a company in the other state party to fulfill or enter into certain contracts. The agreement will protect the interests of all professionals who are sent to Indian offices by Indian companies to their German subsidiaries or by German companies on the basis of short-term contracts (up to 48 months with the possibility of renewal of 12 months) by benefiting from an exemption from social security contributions in their host country. While working abroad, these workers are only subject to the social security rules of their country of origin. India on Tuesday called on the United States to consider signing a totalization agreement to avoid a double deduction of the incomes of workers working in the other company`s countries and to allow Indian partial-unemployment workers in the United States to recover billions of dollars in social security deposits. Click here to read the Mint ePaperMint is now on telegram. Join the mint chain in your telegram and stay up to date with the latest economic news. “In the absence of a SSA with the U.S., Indian employees face a difficult time, as billions of dollars of their revenues are invested in it. On the other hand, American workers in India do not suffer because compulsory social security in India is too low for an American worker,” said Shankar Agarwal, former union secretary of the Union. With regard to H-1B visas, Shringla said that Indian authorities had addressed the issue during Tuesday`s dialogue with their American counterparts and stressed that Indian experts are making a significant contribution to the high-tech sector in the United States. As per day, India has SSAs with at least 18 countries and the United States has an agreement with more than 24 nations.
New Delhi and Washington had several roundtable discussions on a totalization agreement a decade ago. But the talks were suspended because the United States said that India had not been able to offer its citizens enough social security and that the two countries` systems were too incompatible for a pact to be drawn up. “I told President (US) Trump that the contribution of our Social Security experts should be discussed further as part of a totalization agreement. It will be of mutual interest to both of us,” Narendra Modi told reporters in New Delhi with Trump.