Trump's proposed policy limits undergraduates from any one country to 5% at select top US universities, raising concerns for Indian aspirants eyeing elite colleges.
Among Sensex firms, Trent, Tech Mahindra, Hindustan Unilever, UltraTech Cement, Asian Paints, Eternal and ITC were the major laggards. Selling in HDFC Bank and ICICI Bank also dragged the key indices. However, Axis Bank, Bajaj Finance, Maruti and State Bank of India were among the gainers.
Obama had bypassed Congress to announce most sweeping immigration reform
Prime Minister Narendra Modi in his first-ever in-person meeting with President Joe Biden raised a number of issues involving the Indian community in America, including access for Indian professionals in the US and speaking about the H-1B visas, Foreign Secretary Harsh Vardhan Shringla has said.
Taking up the case of Indian IT companies and professionals, Jaitley told Ross about the contribution of highly-skilled Indians in the economic development of the United States and India and stressed that they should continue to do so, which is in the best interest of the two countries, officials said.
Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore (around $2.7 billion) and taking year-to-date outflow to Rs 1.58 lakh crore ($17.6 billion).
The Trump administration is proposing to limit the duration of visas for foreign students and media personnel in the US, potentially impacting their ability to stay in the country.
In less than a week of Donald Trump being sworn in as the 45th US President, the "H-1B and L-1 Visa Reform Act" was introduced to prioritise American workers and restore fairness in visa programmes for skilled workers.
As in the previous years, the US Citizenship and Immigration Services can issue a maximum of 65,000 H-1B visas, which is most popular among IT professionals and companies in IT services.
In a statement, US Customs and Immigration Services announced that it has received a sufficient number of H-1B petitions to reach the statutory cap for fiscal year 2011.
Of the 65,000 H-1B visas issued by the US annually, 11,000 were lying vacant at the end of 2010.
Extensions of H-1B visas have become even tougher, in particular if the employee has been on a bench for any part of their previous duration.
This provides for H-1B extensions beyond the 6-year limit.
The new rule stipulates that those who arrive on a work visa should work under the petitioner and not at a client's site.
Until May 14, the USCIS had received 19,000 petitions in the general category and 8,100 in the advanced degree category.
US to fix the immigration system that keeps American firms from hiring the top world talent they need.
External Affairs Minister Sushma Swaraj told the Rajya Sabha that this is an issue of concern not just for the government and the Opposition, but the entire House and the nation shares this concern
Economic experts fear massive layoffs in various sectors of the American economy due to the current economic distress that is only going to deteriorate in the coming months. A record 3.3 million Americans have filed initial jobless claims for the week ending March 21. Even as the peak of coronavirus in the US is two weeks away, millions of people in the country have lost their jobs.
Congress should pass laws that create US jobs, not destroy them," said Marc Apter, president of the Institute of Electrical and Electronics Engineers-USA.
Indian tech professionals are one of the major beneficiaries of H-1B visas.
Trading sentiment in the equity market will be guided by macroeconomic data announcements, global trends and quarterly earnings from IT major TCS this week, analysts said. Stock markets would also be tracking trading activity of foreign investors who remained net sellers of Indian equities in September.
Two influential US Senators have renewed the campaign against the biggest users of H-1B visa workers in the US, including Indian heavyweights Infosys, Wipro, Satyam and Tata Consultancy Services. They fired off a missive to these companies asking how they employed professional and skilled workers, majority of whom hail from India.
The US Citizenship and Immigration Services on Tuesday said that the lottery was done on April 7.
As predicted the US Citizenship and Immigration Services received a sufficient number of H-1B petitions to reach the statutory cap for fiscal year-2014 before the end of the fifth day of starting the filing.
As the United States is having a tough time in filling up its annual quota of 65,000 H-1B work visas for highly skilled categories, an official report in Washington has said that the Indian nationals accounted for the 38 per cent of the total H-1B visas issued by the United States last year.
Beth Payne, consul general, consulate general of the United States of America said, "Although we cannot predict the number, there has always been a cap on the H1B visas. The number of petitions filed every year are always more than number of H1B visas we can issue because of which we had to introduce the lottery system. I don't see any major impact on India because of the restriction."
US Senators introduce legislation to cut H1B visas by 15,000.
In what could be seen as a setback to Indian IT professionals, the US Senate has voted for imposing strict conditions on hiring of people with H-1B visas by American companies receiving federal bailout money.
The United States Citizenship and Immigration Services (USCIS) will begin accepting H-1B visa petitions for the fiscal year 2010 from Wednesday, April 1, 2009. Read on to find out all you wanted to know about H-1B visas.
Rubio voiced "appreciation" for New Delhi's continued engagement on bilateral issues, including trade, defence and energy.
Amid hints that the government might be exploring capping royalty payments by India-based subsidiaries to US companies, experts warn Subhayan Chakraborty why such a move will only hurt the Indian economy.
Most applicants of the H1-B visas, much sought-after by hi-tech professionals including Indians, are 'average' workers and not the 'innovators' as portrayed by industry lobbyists, a report has said, opposing the extension of the popular guest worker programmes. New data analysis shows that the vast majority of H1-B workers, including those at most major tech firms, are not the innovators industry portrays them to be, the Centre for Immigration Studies said in a statement.
"To ensure a fair and orderly distribution of available H-1B visas, USCIS will deny or revoke multiple petitions filed by an employer for the same H-1B worker and will not refund the filing fees submitted with multiple or duplicative petitions," the US Citizenship and Immigration Services said. The USCIS has sent the interim final rule for publication in the Federal Register for it becoming effective.
The 2025 US National Security Strategy marks a major pullback, with America turning backward and effectively allowing China greater dominance in Asia. while long-time partners like India are left to face an increasingly unstable global order largely on their own, observes Rajeev Srinivasan.
The Microsoft founder told lawmakers that the immigration system would have to be revamped in such a fashion so as to allow more number of people to get into America on H-1B visas and it did not make sense for a bright foreign student to be educated using American tax-payers money and then sent home on some immigration requirement. "It makes no sense to educate people in our universities, often subsidised by US taxpayers, and then insist they return home," Gates said.
India has implemented a number of free trade agreements with developed nations and is in active dialogue for such pacts with nations including the US, Oman, and the EU, Commerce and Industry Minister Piyush Goyal said. India has implemented trade pacts with Australia, the UAE and EFTA bloc. It has also signed an agreement with the UK.
The conspiracy with which Patel and Mohta are charged carries a maximum potential penalty of five years in prison and a $250,000 fine.
