LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Why Indian IT firms may see a silver lining in US' merit-based RAISE Act

The new merit-based immigration policy will favour those individuals who can speak English and have high educational qualifications.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Why Indian IT firms may see a silver lining in US' merit-based RAISE Act
US President Donald Trump speaking at a conference. Photo: IANS
Written By: ZeeBiz WebTeam
Updated: Fri, Aug 04, 2017
05:29 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Indian IT not H-1B dependent, says Infosys CEO Indian IT not H-1B dependent, says Infosys CEO
Top seven Indian companies receive less H-1B visas in 2016 Top seven Indian companies receive less H-1B visas in 2016
Tata Consultancy Services says H-1B visa applications now at a third of 2015 levels Tata Consultancy Services says H-1B visa applications now at a third of 2015 levels
H-1B Visa: US Congress introduces bill seeking exemption for foreigners with American PhD H-1B Visa: US Congress introduces bill seeking exemption for foreigners with American PhD
H-1B Visa: Nasscom pays nearly Rs 1 crore to two US lobbyists in Q1 of 2017 H-1B Visa: Nasscom pays nearly Rs 1 crore to two US lobbyists in Q1 of 2017
Key highlights:
  • New merit-based immigration policy to be introduced by US government
  • It will favour English-speaking skilled workers for residency cards
  • Education, high-paying job offers and age would be also a factor

The US President Donald Trump on Thursday announced the introduction of a new legislation on immigration called the Reforming American Immigration for Strong Employment (RAISE) Act. This new regulation, if passed by the US Congress, would cut look to cut the number of legal immigrants entering the US by half in 10 years.

While the Indian IT industry has been fearing the new legislation as the Trump administration had accused Indian IT companies of misusing the H-1B visa lottery system, there seems to be a silver lining to this new legislation by the US.

One of the key focus areas of this new merit-based immigration policy will be on favoring English-speaking skilled workers for residency cards.

Factors that would be taken into account include English language skills, education, high-paying job offers and age, said a PTI report.

The RAISE Act proposes that a point-based system for earning green cards such as that followed by many other countries such as Australia and would scrap the current lottery system to get into the US.

Trump in his speech at the White House said that this competitive application process will favour applicants who can speak English, financially support themselves and their families, and demonstrate skills that will contribute to our economy.

If this is the case then Indian IT companies may have an edge as many of the applicants from India speak English and have a good educational background with many also having a Masters degree. Many of the Indian applicants are also working at top IT firms and have the ability to support themselves and their families.

The US government's issue with H-1B visas had resulted in the visa applications from Indian IT companies coming down by 15% this year, according to a Economic Times report. The US administration in turn has approved less than 59% of the H-1B visa applications they received from Indian IT companies.

This is as the sentiment against foreign workers turned negative in the US after the new administration came into place. Many of the Indian IT companies such as Infosys and Tata Consultancy Services even announced recently that they will hire more US citizens.

Senator Tom Cotton present with President Trump said that they hope the legislation RAISE Act will be re-orienting Green Card system towards people who can speak English, who have high degrees of educational attainment, who have a job that pays more, and a typical job in their local economy, who are going to create a new business, and who are outstanding in their field around the world.

According to this list of criteria for people to work in the US, many Indians stand a better chance of getting a chance to work in the country.

There is currently a 12 year waiting period for Indians applying for permanent residency or a green card in the US, according a study by Pew Research.

While about 36,318 Indians got their permanent residency in the US in 2015, 27,798 Indians were new arrivals and received their green card, said the report.

ALSO READ:
  • US H1-B visa restrictions unlikely to impact Indian IT firms
  • H1-B visa row: Infosys announces hiring of 10,000 American to pacify Trump
  • Nasscom hits back at US govt claims over Indian IT firms violating H-1B visa norms

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian IT FirmsRaise ActDonald TrumpH-1B VisaIndian employeesIT companiesimmigration policyEnglish speakingIT
RELATED NEWS
Indian IT not H-1B dependent, says Infosys CEO Indian IT not H-1B dependent, says Infosys CEO
Top seven Indian companies receive less H-1B visas in 2016 Top seven Indian companies receive less H-1B visas in 2016
Tata Consultancy Services says H-1B visa applications now at a third of 2015 levels Tata Consultancy Services says H-1B visa applications now at a third of 2015 levels
H-1B Visa: US Congress introduces bill seeking exemption for foreigners with American PhD H-1B Visa: US Congress introduces bill seeking exemption for foreigners with American PhD
H-1B Visa: Nasscom pays nearly Rs 1 crore to two US lobbyists in Q1 of 2017 H-1B Visa: Nasscom pays nearly Rs 1 crore to two US lobbyists in Q1 of 2017

LATEST NEWS

PUBG Mobile 1.4 update: Check global version beta update APK download link for worldwide users

Beware! Free internet? Viral message on social media offering internet for free is SCAM - Check full details here

Realme 8 5G smartphone launched in India at THIS price - Check camera, specifications, features and more

In a chat with Anil Singhvi, EaseMyTrip's Prashant Pitti explains about new pact with Just Dial

Southern Railway Paramedical Staff Recruitment 2021: Earn up to Rs 44,900 plus DA and other allowances for 191 vacant posts - check notification at official website

KVS Class 1 Admission List 2021-22 Postponed: First selection and waiting list was to be released tomorrow, revised dates to be notified soon - check all details here

WhatsApp Pink - a new virus now threatens users accounts; find out what it is and how to stay safe

COVID-19: Hospitals in Delhi-NCR short on oxygen, send SOS to Govt - All details here

International Earth Day 2021 Google Doodle: Just check out the new animated Doodle, short video here

L&T construction bags order in 'significant category ranging between Rs 1,000 crore and Rs 2,500 crore from Oilfields Supply Company Saudi

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved