Australia is abolishing the 457 visa, which, brings temporary foreign workers into the country
The 457 visa programme, used by over 95,000 foreign workers, a majority of them Indians, was replaced on March 18 by a new Temporary Skills Shortage visa programme.
The new programme could bring in longer lead times and paperwork
A temporary work visa, the 457 visa allows skilled workers to come to Australia for an approved business for up to four years.
Australia, Canada, US and UK are restricting immigration, but other countries are opening their doors.
Infosys may have put the visa misuse investigations behind it through a civil settlement with the US authorities, but experts believe that the episode might drag its other peers under the scanner.
A summary report for 'The subclass 457 business (long stay) visa" for the June 2008-09 was released on Wednesday by Minister for Immigration and Citizenship, Senator Chris Evans.
On Friday, the stock was the worst hit among the 30 blue-chips on the Sensex
"Protectionism is not new. The attention that is given is because there is a political and emotional element to it." TCS COO N G Subramaniam on why his company is optimistic despite global headwinds.
Better economic conditionsM, easy availability of jobs and plain carelessness are some of the top reasons of overstaying in India, says Vicky Nanjappa
