The controversy over visas for high-skilled workers from abroad is about to get hotter. H-1B visa program was set up to allow firms in US to import the best in technology, engineering, and other fields when such workers are in short supply in America. But data released by the federal government show that offshore outsourcing firms, particularly from India, dominate the list of companies awarded H-1B visas in 2007.
The Indian team has returned from the US after holding trade talks with their American counterparts in New York, an official said on Thursday. Commerce and Industry Minister Piyush Goyal, who led the team, will be back on Friday.
The US has announced that individuals travelling to the country on a business or tourist visa - B-1 and B-2 - can apply for new jobs and even appear in interviews, but the prospective employees must ensure that they have changed their visa status before starting a new role. B-1 and B-2 visas are generally referred to as "B visas", and they are the most common types of visa issued for a wide range of uses in the United States. The B-1 visa is issued mainly for short-term business trips, while the B-2 visa is issued mainly travelling for tourism purposes.
A legislation has been introduced in the US Senate on reforming the H-1B and L1 visa programmes, popular among Indians, under which the American firms looking for skilled foreign professionals are required to make a "good faith" attempt to recruit local workers first.
The government has asked for a 60-day pause in the case to 'allow incoming leadership personnel adequate time to consider the issues'.
The State Department has proposed not to issue temporary business visas for H-1B speciality occupations which allowed several companies to send their technology professionals for a short stay to complete jobs on site in the US, a move which could affect hundreds of Indians. The proposal, if finalised, will eliminate any misconception that the "B-1 in lieu of H policy" provides an alternative avenue for foreign professionals to enter the US to perform skilled labour that allows, and potentially even encourages them and their employers to circumvent the restrictions and requirements relating to the H non-immigrant classification established by Congress to protect the US workers, the State Department said.
Researches reveal that many firms that employ H-1B workers directly, including some of the biggest names in the technology industry such as Amazon, Google, Microsoft, Apple, Qualcomm, Salesforce and Uber, pay a large share of their H-1B workers at one of the two lowest wage levels, Level 1 or Level 2.
Making a case for revising the H1B visas upwards, the US Commerce Secretary has said high-tech businesses are facing shortages in filling up positions
Stock markets will be driven by RBI's interest rate decision, tariff-related developments, global trends and trading activity of foreign investors in this holiday-shortened week, analysts said.
Most pharma shares dropped, dragging the BSE Healthcare index down by 2.14 per cent after Trump's move to impose 100 per cent import tariffs on pharmaceutical drugs from October 1. Wockhardt shares tanked 9.4 per cent.
With more than 1.2 million Indians stuck in green card backlogs, investor-driven EB-5 programme sees rising interest as a secure route for migration to the US.
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.
A trade deal makes sense only if it is fair and reciprocal. If the cost is strategic dependence or loss of policy space, waiting is the wiser option, asserts Ajay Srivastava.
Those on H-1B visas have to find a new job within 60 days or head back to India.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
nfosys chief financial officer Ranganath M said there was confusion in visa costs.
Bengaluru is at a critical juncture, where its economic model, reliant on attracting and retaining skilled professionals, is directly threatened by a measurable decline in urban quality of life, point out Shishir Gupta and Rishita Sachdeva.
'The frenzy for gold is primarily due to the uncertainty surrounding the tariff war.'
The US Citizenship and Immigration Services has announced that it has received sufficient number of applications to reach the mandated cap of 65,000 for working professionals for the fiscal ending September 30, 2010.
"Removing H-4 Dependent Spouses From the Class of Aliens Eligible for Employment Authorisation," said the US department of homeland security's unified agenda in the federal register notification of its semi-annual regulatory agenda.
Posing a series of questions to the prime minister, Congress general secretary in-charge communications Jairam Ramesh also asked if Modi would convey to the US president that India would send its own aircraft -- like Venezuela and Colombia did -- to bring back Indian deportees in the future.
The proposals aims to impose new restrictions to prevent abuse and misuse of H-1B visas, besides ending the provision of granting extension for those who already have a green card.
IT services firm Wipro on Thursday reported a marginal increase in consolidated net profit to Rs 3,246.2 crore in the July-September quarter, even as company CEO and MD Srini Pallia asserted that the demand environment remains robust with discretionary spends shifting towards AI-related projects.
The 'H-1B and L-1 Visa Reform Act of 2016' introduced by Democratic Congressman Bill Pascrell from New Jersey and Republican Dana Rohrabacher from California would prohibit companies from hiring H-1B employees if they employ more than 50 people
Trump to sign an executive order aimed at achieving a more skills-based and merit-based immigration system.
Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.
Two US lawmakers have introduced a bill in the House of Representatives that aims at granting an automatic right to H-4 visa holders to work in the country, a move which will benefit the spouses of thousands of foreigners, including Indians, and also address the labour shortage affecting American businesses. H-4 visas are issued to dependent spouses and children who accompany H-1B, H-2A, H-2B, and H-3 visa holders to the United States. Many H-4 visa holders are highly skilled people in their own right and previously had careers of their own or worked to support their families.
'...he keeps his campaign promises, does what he said he will do which led to his huge victory.'
The US dependent visa puts many restrictions on the spouses, mostly women, of the skilled workers who have an H1-B visa. Some even felt like they were thrown back into a model of the 'traditional family' where women are not valued at all outside of the home.
The bill proposes to increase the H-1B visa fees to about $5,000 per application.
With average returns of 18 per cent over the past year, listed real estate investment trusts (Reits) have clearly outperformed both the Nifty Realty index and the Sensex. Over the same period, Nifty Realty fell 15.5 per cent, while the benchmark index was largely unchanged. Steady office leasing, the Securities and Exchange Board of India's (Sebi's) decision to reclassify Reits as equity instruments, and ongoing portfolio expansion have strengthened the sector's appeal.
Rubio voiced "appreciation" for New Delhi's continued engagement on bilateral issues, including trade, defence and energy.
Noting that Indians have been benefited most from the H-1B and L1 work visas, a senior US official has said there have been some cases of abuse of these visa categories in India.
US Consular Officers hosted a chat with readers to address their queries and doubts. The transcript.
US immigration authorities, in the past four years, have increased denial of work-related visas, with India-born professionals being refused at higher rates than nationals of other countries, an American think tank said in a report on Friday.
Indian start-ups and software product companies are trying to attract engineers and programmers who are either stranded in India because of the lockdown or H-1B visa holders who have been laid off.
Blinken blamed the COVID-19 pandemic for a backlog of visa applications from Indian nationals.
Rescinding its more than 13-year-old policy, the US Citizenship and Immigration Services has said that the burden of proof in establishing eligibility is, at all times, on the petitioner.
India's IT industry will seek an increase in the number of H1-B (non-immigrant) visas and a mechanism to refund social security taxes paid by Indian professionals in the US, when President George W Bush visits India early next month.
