Financial Daily from THE HINDU group of publications
Friday, Dec 09, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Travel & Places


Advanced degree H-1B visas likely to dry up soon

Moumita Bakshi Chatterjee

New Delhi , Dec 8

FIRST, the H-1B visas ran out even before the start of the US Federal Government's new fiscal, and now the clock is ticking for advanced degree H-1B visas, as well. Barely two months into the new fiscal 2006, petitions for the advance degree H-1B visa are inching closer to the 20,000-cap.

The US has approved 14,281 petitions out of the additional 20,000 H-1B visas allotted for holders of US masters or higher degrees, and 2,417 applications were pending November-end. This takes the total number to 16,698, according to the latest data of the US Citizenship and Immigration Service (USCIS).

Under current law, while the annual cap in the H-1B category is 65,000 (down from 1.95 lakh in financial year 2003), the Congress has created an exemption for 20,000 foreign nationals earning advanced degrees from US universities. H-1B visas give employers access to highly educated foreign professionals with experience in specialised areas and with at least a bachelor's degree or the equivalent. Typical H-1B professionals include computer programmers, engineers, architects, accountants and doctors.

Given the rise in demand for skilled temporary workers in the US, the current cap of 65,000 H-1B visas was reached even before the start of the fiscal year 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 and future years.

Last month, the US Senate cleared a provision approved by the Senate Judiciary Committee, hiking the visa limit by 30,000. Subsequently, 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 previous years as passed by the Senate, and instead imposed a $1,500 fee increase on intra-company L-1 visas. Much now depends on the reconciliation between the US Senate and the House of Representatives, on the issue.

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

More Stories on : Travel & Places



Stories in this Section
BPO job registry to be released soon


`Fanoos' slows down, but sticks to charted course
China's auto sector set to enter critical phase
Ensuring sustained development in a democracy not an easy task: PM
Bihar to seek `special category' status
CII marketing green industrial park in Jadcherla
Kamal Nath to discuss Asean-India FTA today
Advanced training for eye surgery
Bengal to seek PwC advice for transport sector restructure
LPG shortage largely under control: Aiyar
`Iran-Pak-India pipeline project on track'
Bitter medicine beneath the sugar-coated diplomacy
Centre tries hi-tech initiative to monitor power stations
Power regulator pulls up GAIL, ONGC
SSIs invited to Paris fair
Advanced degree H-1B visas likely to dry up soon
Govt responsible for CAS failure, says House panel
Hyderabad school wins award
IPE students get quiz prize
Dubai Gold hopes to raise sales 25 pc in shopping fest
Spot gold may correct lower
FAPCCI plea to withdraw FBT
BMW looking to source components from India — Signs pact with TN for CKD plant
Speed - a point in TN's favour
Signature campaign
Schemes for poor to be linked in Kerala
World Bank plans to make coal institute a centre of excellence
Seed producers chalk out plan to discourage child labour
ICAI southern regional meet in Kochi from today
Chamber plans event series in Thiruvananthapuram
Meet on `Kerala Studies'
KSINC's first houseboat ready
Adesh Gupta is FDDI Chairman


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 © 2005, 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