Financial Daily from THE HINDU group of publications
Wednesday, Jan 04, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Travel & Places


Only 1,364 advance degree H1-B visas left out of 20,000

Moumita Bakshi Chatterjee

New Delhi , Jan. 3

THE advance degree H-1B visas are disappearing fast with the latest update from US Citizenship and Immigration Service (USCIS) showing that only 1,364 visas are now available under this category.

Against the stipulated cap of 20,000 visas under the H-1B advance degree exemption for fiscal 2006, as many as 16,478 visa petitions had been approved, and 2,158 additional petitions were pending in December-end 2005, according to latest data by USCIS.

The rush for these visas before the limit gets exhausted is apparent from the fact that while 3,302 such visas were available on November 29, 2005, only 1,364 visas remain on offer now.

Under the current law, while the annual cap on the H-1B category is 65,000 (down from 195,000 in financial year 2003), the Congress has created an exemption for 20,000 foreign nationals earning advanced degrees from US universities.

H-1B visas allow employers to have access to highly educated foreign professionals who have experience in specialised areas and who have at least a bachelor's degree or the equivalent.

Given the high demand for skilled temporary workers in the US, the 65,000 H-1B visas cap was reached even before the start of the Federal Government's fiscal year 2006 (which began on October 1, 2005), prompting organisations such as IT Association of America (ITAA) to demand a significant increase in the number of visas for the current year and future years.

In November, the US Senate cleared a provision approved by Senate Judiciary Committee for hiking the visa limit by 30,000.

However, the US House of Representatives passed its version of the Budget Reconciliation Bill which did not include the provisions related to the recapture of unused H-1B and immigrant visa numbers from the previous years as passed by the Senate, and instead imposed a $1,500 fee increase on intra-company L-1 visas.

More Stories on : Travel & Places

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Retail sector will create 50,000 jobs a year: Study


SriLankan looking at Jaipur as alternate airport to Delhi
Cold wave likely in north, northwest
Oil cos begin sales of ethanol-doped petrol in TN
Gas transportation cos seek infrastructure status
Cement majors post robust sales in Dec — Stocks move up on firm prices
Law Commission proposes amendments to Limitation Act
Alang yard awaits Clemenceau's arrival
Biscuits industry seeks cut in VAT, duty waiver
Manmohan promises hike in infrastructure investment — Lays foundation stone for ring road project in Hyderabad
Petro-goods pricing: Panel may suggest revenue-neutral formula
KSEB plans to invest Rs 760 cr in 2006-07
Tax tribunal Act notified
Award for management practices in textile units
Only 1,364 advance degree H1-B visas left out of 20,000
Security in IT destinations — no cause for panic
Strict eligibility norms may force media houses to play low key in bidding for FM
Indian Media Group seeks setting up of regulatory body soon
No consensus on sharing of sports telecast rights
CBEC to handle disputes over branded jewellery
Chamber seeks excise rationalisation for corrugated boxes, container units
Textile machinery expo from tomorrow
Make second green revolution a reality: PM
`IISc incident shows Indian science's success'
IRS-1C completes 10 years in orbit
Amartya Sen for widening impact of economic growth
The challenge is in making high tech work for the poor: Mashelkar
Don't miss the nano bus: C.N.R. Rao
Movement to protect soil health to be launched
CNR Rao — the evergreen researcher
Aiyar reiterates support to rural business hubs
ITC to invest $1 b in e-Choupal infrastructure
Andhra CM calls for concerted efforts for rural development
Indian Bank adopts village
Dubai Shopping Festival from today
Recruitment seminar in Bangalore on Jan 6


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line