New US H-1B norms won't make much difference: Nasscom
Bengaluru: The United States' latest move on issuing H-1B visas to software engineers will not make much difference to Indian IT firms, apex industry body Nasscom said on Friday.
"The new measure will be an unnecessary and expensive burden that will not make much difference to our member firms, which are in the business of providing solutions to client companies," said the National Association of Software and Services Companies (Nasscom) in a statement here.
In line with US President Donald Trump's "Buy American and Hire American" policy, the US Citizenship and Immigration Services (USCIS) on Thursday declared that the hiring firms have to prove that their employees working at a third-party worksite have specific and non-qualifying speculative agreements in specialty occupation.
The H-1B programme offers temporary US visas that allow firms to hire skilled overseas professionals working in areas with shortage of qualified American workers. Indians get most of the H1-B visas, although there are no national quotas for the facility nor is it specifically designed for Indians.
Of the 65,000 H-1B visas the USCIS issues for October 1-September 30 period every year, about 40,000 are bagged by Indian firms, mostly in the services sector. The top 10 global firms, including TCS, Infosys, Wipro, HCL and Tech Mahindra, corner about 20,000-25,000, with the remaining shared by mid-size and smaller Indian firms.
Under the new policy, the USCIS says the employers must provide contracts and itineraries for employees who will work at a third-party location.
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CM Siddaramaiah says confident of winning all three bypolls in Karnataka
New Delhi, Nov 21: Karnataka Chief Minister Siddaramaiah on Thursday expressed confidence of winning bypolls in all three assembly segments in the state.
The polling in three assembly constituencies -- Sandur, Shiggaon and Channapatna -- was held on November 13 and counting of votes will take place on November 23.
"I am confident we will win all three bypolls," Siddaramaiah told reporters here.
The CM said he does not believe in exit polls as they have gone wrong in the recent state elections like Haryana, he added.
