Commerce minister to meet IT firms after February 9
Tech companies depend on the 85,000 workers allowed into US annually under the H1B visa programme
Commerce Minister Nirmala Sitharaman to meet IT firms after February 9
She adds, India is closely monitoring developments and is constantly in touch with officials in US
The proposed overhaul of popular H-1B visa regime by Trump has raised concerns among the IT firms
Shalabh 'Shalli' Kumar, head of the Republican Hindu Coalition told reporters at a conference
If work visas aren't given then countries like Canada may benefit, the former CIA director said
Numbers suggest that tech MNCs are applying for more H1B visas than Indian IT companies
IT companies are India Inc's biggest foreign exchange earners
MEA has said India's concerns on the issue have been conveyed both to the US administration
The 2017 H1B Report is a decent indicator of how the Indian IT and American IT companies were placed
Among top-tier Indian IT stocks, HCL Tech is the most insulated from H1-B visa worries, analysts say
New bill at US House of Representatives mandates minimum wages of H1B visa holders at $130,000
Calls to double the minimum salary of H1B visa holders to $130,000
Indian IT service providers will have to focus on more local hiring if the Bill gets implemented
Proposed new bill would want workers holding H1B visas to earn $100,000, up from $60,000 currently
Reshaping immigration is one of the most imperative agenda of Trump
The bill among other things increases the minimum salary of H-1B visa to $1,00,000 per annum
The conspirators recruited students and recent graduates and sponsored them for H-1B visas meant for people with specialised qualification
A report has warned American lawmakers that if the dispute moves to formal settlement phase it could possibly result in a WTO-authorised trade retaliation against the US