India still getting 70% of H-1B visas |
India continues to get the "lion`s share" of the H-1B visas from the US government despite the fee hike. US Ambassador to India Richard Verma said, India continues to receive the lion`s share of H-1B and L1 and even after the fee increase, they continue to get 70% of those H-1B visas. Verma said on the sidelines of `The Future is Now: From COP21 to Reality` conference in Hyderabad. The US, under the 9/11 Health and Compensation Act, has imposed a special fee of $4,000 on certain categories of H-1B visas and $4,500 on L1 visas.Indian IT companies to pay $4,000 more for every H-1B visa. Almost all Indian IT companies would be paying between $8,000 and $10,000 per H-1B visa as per the hike. Nasscom finds it to have an impact of about $400 million annually on India`s technology sector.
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