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In a move that has set off alarm bells among Indian professionals, United States President Donald Trump has signed a proclamation imposing an annual fee of $100,000 on H-1B visa applications.

Indian Embassy in US issues emergency helpline amid H-1B visa fee

In March, the USCIS conducted an initial random selection of properly submitted electronic registrations for the fiscal year (FY) 2024 H-1B cap, including for beneficiaries eligible for the advanced degree exemption.

H-1B visa draw: Second lottery round for applicants to be conducted this year, says US immigration service - check eligibility

Zooming of the denial rates to 39 per cent in FY20, up from 6 per cent in FY16, had led to lower reliance on the visas by the local IT companies, it said. "New H1-B visa issuances contribute less than 5 per cent of the US onshore workforce of the top 5 listed Indian IT firms, which account for 60 per cent of the industry revenue. On the other hand, the share of local hires in their US onshore employee mix has steadily increased from 30-35 per cent in fiscal 2017 to about 55-60 per cent in fiscal 2020,? its senior director Anuj Sethi said.

H1-B visa suspension to have Rs 1,200-cr impact on Indian IT firms: Crisil

"This may just be wishful language. It does not have any legal impact right now. But it does direct the administration to take other actions with respect to people already here, in the future", Mehta told IANS in a video interview.

New red flags inside Trump H1B crackdown: Top US immigration attorney

"As you are aware, the government of India has closely consulted all stakeholders and engaged with the US government on this issue. Prime Minister (Narendra Modi) had taken this up, along with the issue of the totalisation agreement, during the visit of President (Donald) Trump to India in February 2020," Shringla said.

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The USCIS received 232,972 H-1B cap-subject petitions in 2016 and in 2015, it received 172,581 cap-subjected petitions.

Techies Alert! US reaches H-1B visa cap for 2020

The report comes days after US President Donald Trump said he is soon coming out with reforms that will give H-1B visa holders certainty to stay in America and an easy pathway to citizenship.

H-1B visa: US think-tank seeks greater employment rights for those working under this programme 

The H-1B visa, popular among Indian IT professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.

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H-1B visa: Unrealistic to expect softening of US stance, says Ganesh Natarajan

The Trump administration is planning to end allowing spouses of H1-B visa holders to work legally in the US, a top federal agency official has told lawmakers. The move could severely impact thousands of Indians professionals working in America.

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Prime Minister Narendra Modi today left for Netherlands, the final leg of his three-nation tour, after concluding his visit to the US.

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WATCH: Remarks by President Trump and Prime Minister Modi of India in Joint Press Statement

"The planned 100 smart cities, the massive modernization of ports, airports and road and rail networks, and the construction of affordable housing for all by 2022 - the 75th anniversary of India`s independence - are not just promises of great urban renewal within India.

Logic of Indo-US strategic ties ''incontrovertible'', says Modi

"We see a tremendous opportunity to do innovative work. The (Trump) administration is a very business administration, a very entrepreneurial administration," Infosys CEO Vishal Sikka told PTI in an interview as he refuted reports that the Indian IT companies are facing challenges under the Trump Administration.

Trump Administration offers tremendous opportunities: Infosys chief Vishal Sikka

Infosys touts plan to hire Americans in face of visa pressures

In a letter to shareholders, Sikka said the company will leverage its full potential to shape employment opportunities at a time of global anxiety for jobs.

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h1-b-visa-0

In a move that has set off alarm bells among Indian professionals, United States President Donald Trump has signed a proclamation imposing an annual fee of $100,000 on H-1B visa applications.

In March, the USCIS conducted an initial random selection of properly submitted electronic registrations for the fiscal year (FY) 2024 H-1B cap, including for beneficiaries eligible for the advanced degree exemption.

Zooming of the denial rates to 39 per cent in FY20, up from 6 per cent in FY16, had led to lower reliance on the visas by the local IT companies, it said. "New H1-B visa issuances contribute less than 5 per cent of the US onshore workforce of the top 5 listed Indian IT firms, which account for 60 per cent of the industry revenue. On the other hand, the share of local hires in their US onshore employee mix has steadily increased from 30-35 per cent in fiscal 2017 to about 55-60 per cent in fiscal 2020,? its senior director Anuj Sethi said.

"This may just be wishful language. It does not have any legal impact right now. But it does direct the administration to take other actions with respect to people already here, in the future", Mehta told IANS in a video interview.

"As you are aware, the government of India has closely consulted all stakeholders and engaged with the US government on this issue. Prime Minister (Narendra Modi) had taken this up, along with the issue of the totalisation agreement, during the visit of President (Donald) Trump to India in February 2020," Shringla said.

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H1-B Visa News- Zee Business provides latest news on H1-B Visa, H1-B Visa news Today, Top News on H1-B Visa, update on H1-B Visa Stay updated with business news, breaking news headlines.

H1-B Visa

Indian Embassy in US issues emergency helpline amid H-1B visa fee

H-1B visa draw: Second lottery round for applicants to be conducted this year, says US immigration service - check eligibility

H1-B visa suspension to have Rs 1,200-cr impact on Indian IT firms: Crisil

New red flags inside Trump H1B crackdown: Top US immigration attorney

We hope US' non-immigration visa review will consider benefits of H1-B visa: FS

Techies Alert! US reaches H-1B visa cap for 2020

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What's new in Motorola Edge 70 Pro+? Key things to know about new flagship smartphone

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