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Modi govt throws battered telcos a Rs 42,000-cr lifeline

The deferred amounts to be paid by telcos will be without increase in the time period, the FM said.

H 1B visa

Nov 21, 2019, 03.09 AM IST



98% of H-1B visa rejections unchallenged

In 98.4% of the cases where the H-1B visa was denied, the employer chose not to file an appeal, said David North, a fellow at the Center for Immigration Studies (CIS), which is based in Washington, DC.

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  • US firms with H-1B staff file more patents, generating significant economic value, according to a working paper by researchers for the National Bureau of Economic Research (NBER). A US based think tank said US tech startups that employ immigrant workers on H-1B visas have a higher chance of raising funds from venture capital firms.

    The judges found that the rule will cause more H–1B visa holders to remain in the US than otherwise would.

    The H-1B programme allows companies in the US to temporarily employ foreign workers in occupations that require the application of a body of highly specialised knowledge and a bachelor’s degree or higher in the specific specialty, or its equivalent. Over two-thirds of the recipients of this visa are Indian citizens.

    Indians are rocketing to the top - 2 of the US’s 5 biggest cos, Alphabet & Microsoft, have Indian-born CEOs.

    According to the study on data received from the US Citizenship and Immigration Services by National Foundation for American Policy, denial rates for H-1B visas is the highest among major Indian IT companies (compared to US companies)- about 43% on average (Tech Mahindra, TCS, Infosys, Wipro) in 2019 thereby witnessing a 9-fold rise from 2015 .

    Seven US companies among top 10 recipients; TCS, Cognizant and TechM were others in the list. The top ten companies accounted for 12% of the 88324 H-1B visas issued in fiscal 2019.

    The General Insurance Council has formed a committee to prepare a preliminary list of commonly claimed surgeries. Over time, the committee hopes to make their rack rate list more comprehensive by adding more players.

    For years, India has shot down suggestions of a free trade agreement with the US and had denied that there was any move when President Donald Trump hinted at it a few months ago. It comes at a time when India and the US are seeking to cover the gap that separates the two sides on high tariffs on several products.

    Cognizant saw over 60% of its initial applications rejected, followed by Capgemini, Accenture, Wipro and Infosys.

    Massive investments in reskilling staff as well as local hiring help IT ride out the digital disruption. Nearly a third of India’s IT revenue comes from digital, a segment that is growing over double digits for these firms.

    Studies have found that allowing in more H-1B workers doesn’t hurt employment levels of native-born workers.

    In June, the US terminated India's designation as a beneficiary developing nation under the key GSP trade programme after determining that New Delhi has not assured the US that it will provide "equitable and reasonable access" to its markets.

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