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 » India News

US H-1B visas: Nasscom cautions US, says move may puts jobs at risk, hurt American companies-Highlights

Nasscom, the apex body for the 154 billion dollar IT-BPM industry in India stated that any step of capping the H-1B visas for technology workers will affect the growth of the American companies.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
US H-1B visas: Nasscom cautions US, says move may puts jobs at risk, hurt American companies-Highlights
Nasscom, the apex body for the 154 billion dollar IT-BPM industry in India stated that any step of capping the H-1B visas for technology workers will affect the growth of the American companies. Reuters
Written By: ZeeBiz WebTeam
Updated: Thu, Jun 20, 2019
07:02 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Trump extends freeze on H-1B, other work visas until March 31; Indian IT professionals to be hit Trump extends freeze on H-1B, other work visas until March 31; Indian IT professionals to be hit
H1B visa violation: US company asked to pay $43K in back wages to ex-employee H1B visa violation: US company asked to pay $43K in back wages to ex-employee
You won't believe it! US arrests 129 Indian students for immigration fraud You won't believe it! US arrests 129 Indian students for immigration fraud
US H1-B visa rule favouring advanced degree holders to impact IT companies: Report US H1-B visa rule favouring advanced degree holders to impact IT companies: Report
Job-seekers prefer Canada, Britain over US due to immigration policies of Donald Trump Job-seekers prefer Canada, Britain over US due to immigration policies of Donald Trump

Nasscom, the apex body for the 154 billion dollar IT-BPM industry in India stated that any step of capping the H-1B visas for technology workers will affect the growth of the American companies. Nasscom - which represents Indian IT majors like TCS, Infosys and Wipro as well as smaller tech firms mentioned the negatives for both US and India due to the limit on H-1B visas:

-It will weaken the US companies growth, as companies mostly depend on these skill sets
-It will put jobs at risk
-US has 7.5 Billion unfilled jobs (67 per cent required technical skills) - so, the need for Indian techies is high
-The move will create pressure on US to send technology service to rest of the world
-This will create impact on USD 150 billion Indian IT sector(get big share from the N. America market)
-There is already a row between US and India over trade and tariffs
-It could lead to a greater crunch for businesses to access the skilled workers they need
-Only a small share of these Indian nationals( H-1B visa holders) are employed by Indian companies, the majority of them are sponsored by global and US multinationals

Nasscom also noted that there is no official confirmation yet on the development from the US government on the matter and that it is awaiting clarity from official channels.

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:
H1 B visaNasscom
RELATED NEWS
Trump extends freeze on H-1B, other work visas until March 31; Indian IT professionals to be hit Trump extends freeze on H-1B, other work visas until March 31; Indian IT professionals to be hit
H1B visa violation: US company asked to pay $43K in back wages to ex-employee H1B visa violation: US company asked to pay $43K in back wages to ex-employee
You won't believe it! US arrests 129 Indian students for immigration fraud You won't believe it! US arrests 129 Indian students for immigration fraud
US H1-B visa rule favouring advanced degree holders to impact IT companies: Report US H1-B visa rule favouring advanced degree holders to impact IT companies: Report
Job-seekers prefer Canada, Britain over US due to immigration policies of Donald Trump Job-seekers prefer Canada, Britain over US due to immigration policies of Donald Trump

LATEST NEWS

Covid-19 vaccine registration step-by-step guide: How those above 18 years can register themselves on CoWIN official website cowin.gov.in

ACC soars over 4% on strong RESULTS, Expert says BUY for price target of Rs 2060, support at Rs 1850

Apex Legends Mobile: Officially announced; check Pre-Registration link, India availability, more details about the Apex Legends Mobile Launch NOW

Rajasthan Schools and Colleges Closed: All educational institutions CLOSED in the state as it enters into a 15-day LOCKDOWN till May 3 - check guidelines here

ACC stock recommendations: How Macquarie, Jefferies, CLSA have rated company after quarterly results

Mid-Cap Picks with Anil Singhvi: IEX, Orient Refractories and Fermenta Biotech shares are top recommendations today

Kerala SSLC HSC Exams Updates: Important news for candidates as covid shoot up - see all details here

WhatsApp Pink: Alert! THIS forwarded link on your WhatsApp with APK download link is a trap; Don't click - Check all details here

Stocks to buy with Anil Singhvi: Indoco Remedies is Sandeep Jain's recommendation today - Here is why

JKBOSE 11th Result Declared: Check results for Kashmir Division on jkbose.ac.in Website - all details here

  • 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