Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: kumar	6/3/2006 11:31:56 AM
	Read Replies (1) of 793892

timesofindia.indiatimes.com WASHINGTON: The US Government has reached the cap on the much in demand HI-B visas for 2007 even though the fiscal year does not start until October 1, the Citizenship and Immigration Services has announced. The USCIS began accepting applications for the H1B petitions for Fiscal 2007 on April 1 and the cap was reached on May 26 and hence high tech firms will have to wait until April 1, 2007 for applications for Fiscal 2008 that begins on October 1, 2007. The HI-B visas, given to skilled professionals, is in demand among many Indian hi-tech workers. The Congressionally mandated cap currently is 65,000 and the Senate recently passed its version of an Immigration Bill that increases the H1B cap to 115,000 every year with a built in increase of 20 per cent annually. The Senate version is proceeding to a Conference Committee as it has to be reconciled with a House Bill passed late last year. There is nothing in the House version on the H1Bs and hence the uncertainty. Hi-tech companies that are pressuring Congress to increase the cap with a view to meeting the demand are pointing out that this is the fourth year in a row that the H1B cap has been reached even before the start of the Fiscal Year. The HI-B visas programme is dear to the Silicon Valley as its lobbyists helped convince the Congress to increase the number of annual HI-B visas to 115,000 in 1999 and then to 195,000 through fiscal year 2003. After that, the cap became 65,000.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next