According to latest developments, the US House of Representatives, has already called for more than doubling the minimum salary of H-1B visa holders to $130,000 (approx Rs 89 lakhs) making it hard for firms to use the programme to replace American employees with foreign workers, including from India.
- It will eliminate the Master's Degree exemption for employers.
US President Donald Trump is expected to issue an executive order to restrict work visas, H1B and L1 issued to professionals working in the US for a short period of time, as part of a larger immigration reform.
The actual reason behind introducing this visa is to help American firms deal with labour shortages in rapidly growing jobs that require specialised skills, such as in software programming, research and engineering.
Foreign work visas were originally established to allow United States companies to recruit workers from overseas if there weren't any qualified local workers. Its business in the USA, where it provides engineering and other tech services to firms such as IBM, Microsoft and Citibank, is highly dependent on the H-1B visa.
Arguing that they face a shortage of skilled USA workers, technology companies including Microsoft and Apple say they need more H-1B visas, while critics say the programme is used as a source of low-priced labour.
The proposed order would force companies to try to hire Americans first, and to give priority in foreign recruiting to the highest-paid workers, according to a draft copy reviewed by Bloomberg.
Some experts believe that Friday's order may not affect Indian IT companies, as they have "elaborate pre-hiring process to verify their employees".
The bill proposes to raise the minimum salary of a "H-1B" visa holder to around $130,000 per annum from the present limit of $60,000 per year.
WWE Needs a Women's Royal Rumble
Show says Braun is a legit badass and a monster but he's here to let Braun know that he's not the biggest fish in the tank. You could add extra episodes to RAW or Smackdown based around who the Undertaker is going to challenge at WrestleMania .
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In December, the emirate's airport registered 7.7 million passengers, a performance boosted by the holiday season. DXB´s annual traffic in 2016 totaled 83,654,250 passengers, compared to 78,014,838 in 2015, up 7.2 per cent.
The change in business model will also depend on the existing working model of individual IT companies, which have been trying to increase local hiring in the US. Meanwhile, the IT Index plunged 4.4 per cent to 9,722 points, 3-month low. At the end of the day, Infosys closed down 2.01%, TCS shares fell by 4.47%, Tech Mahindra fell by 4.23%, and Wipro Ltd by 1.62%.
Speaking to Bloomberg, Gary Burtless, a senior fellow at Brookings Institute research labour markets has said that immigrant STEM workers have played a large role in job creation in the U.S. and building American companies.
According to ComputerWorld magazine, almost 86 per cent of H1-B visas for computer-related jobs and 46.5 per cent for engineering positions were given to Indians.
Is there a silver lining? It sets aside 20 percent of the annually allocated H-1B visas for small companies and startup employers (50 or fewer employers) to ensure small businesses have an opportunity to compete for high-skilled workers.
The H-1B visa bill removes the "per country" cap for employment-based immigrant visas. India has been largely silent on Trump administration's recent immigration ban barring foreign nationals from seven Muslim-dominated countries.
"India's interests and concerns have been conveyed both to the U.S. Administration and the U.S. Congress at senior levels", foreign ministry spokesman Vikas Swarup said Tuesday.
With this legislation being passed the effect on Indian IT stocks was immediate. "I have been contacted by numerous American workers at many companies who are now training their replacements".
The plant, which employs about 120, now makes the lithium-ion battery for GM products like the Chevrolet Volt and Malibu hybrid. The Clarity Fuel Cell offers an EPA-estimated range of 366 miles and fuel economy rating that is the equivalent of 68 mpg.
A federal judge has granted the American Civil Liberties Union request to temporarily stop detention of men at John F. Hameed Khalid Darweesh , an Iraqi who was detained overnight, worked as an interpreter for the U.S.
The organization could also be a great buttonholing tool, demonstrating that technology firms are acting responsibly. We've also seen signs that Apple wants to dive even further into this area of research in recent months.
Here's a collection of rogue scientific government agency Twitter accounts that have popped up this week. The account has amassed 345,000 followers and includes tweets like: "Science deniers are unsafe ".
May this New Year be as colourful and interesting as the decorations that you put up in your home to welcome the festive season. However, during Chinese New Year prices can surge up from 3,000 yuan ($436) to 10,000 yuan ($1,454) per day.
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The state's law was challenged by NGOs who said in the Supreme Court that only the centre has the power to amend the law. The court also allowed the Centre to withdraw its January 7, 2016, notification permitting Jallikattu.
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As of Monday, Dela Rosa said , instead of the war on drugs, the PNP will now focus on war on scalawag policemen. He also said a year ago he would be "happy to slaughter" three million drug addicts as part of his crime war.
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Tiger Woods set for Torrey Pines return
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A look at the immigrant relief program known as DACA
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