"A one-day deadline creates considerable uncertainty for businesses, professionals, and students across the world, Nasscom said in a statement, a day after US President Donald Trump announced the fee, which comes into force from Sunday. H-1B visas allow companies to sponsor foreign workers with specialised skills such as scientists, engineers, and computer programmers to work in the US, initially for three years, but extendable to six years."
"The new H-1B measure, which will likely face legal challenges, was announced alongside the introduction of a $1m gold card US residency programme. Nasscom said the new policy could have ripple effects on the US innovation ecosystem and global job markets, pointing out that for companies, additional cost will require adjustments. Nasscom added that policy changes of this scale were best introduced with adequate transition periods, allowing organisations and individuals to plan effectively and minimize disruption."
Nasscom warned the one-day deadline for a $100,000 annual H-1B fee would create considerable uncertainty for businesses, professionals, and students worldwide. The abrupt rollout could affect Indian nationals and disrupt continuity of onshore projects for India's technology services firms. H-1B visas sponsor foreign workers with specialised skills such as scientists, engineers, and computer programmers for initial three-year terms, extendable to six years. India accounted for 71% of approved H-1B beneficiaries last year, making the change especially consequential for Indian IT and BPO firms. Announced alongside a $1m 'gold card' residency programme and expected to face legal challenges, the measure could ripple across the US innovation ecosystem and global job markets, prompting calls for adequate transition periods to minimize disruption.
Read at www.aljazeera.com
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