Will House edit of Immigration Bill calm Indian IT fears?

The House of Representatives’ version of US Immigration Bill will allay concerns of India IT sector and is most likely to not support outplacement clause.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » CNBC-TV18 Comments

Jul 24, 2013, 12.33 PM | Source: CNBC-TV18

Will House edit of Immigration Bill calm Indian IT fears?

The House of Representatives’ version of US Immigration Bill will allay concerns of India IT sector and is most likely to not support outplacement clause.

Like this story, share it with millions of investors on M3

Will House edit of Immigration Bill calm Indian IT fears?

The House of Representatives’ version of US Immigration Bill will allay concerns of India IT sector and is most likely to not support outplacement clause.

Post Your Comments

Share Cancel

Kritika Saxena (more)

Reporter, CNBC-TV18 |

The House of Representatives' version of US Immigration Bill will allay concerns of India IT sector and is most likely to not support outplacement clause, reports Kritika Saxena.

Indian IT sector has been fretting about certain clauses of US Immigration Bill such as increased visa fees, caps on the placement of H1-B workers in client sites and reduction in the number of H1-B workers in the workforce of these companies from about 75 percent to 50 percent in the next three years.

On June 28, US Senate passed the Immigration Bill , however Indian IT companies have been hopeful that house or Republican version of the Bill will be a more balanced and in favour of corporate.

Several bodies including National Association of Software and Services Companies (NASSCOM) have been talking with US authorities and giving set of recommendations for a bipartisan Immigration Bill.

Sources informed that the House version that is being currently drafted is likely to not support the outplacement clause. The outplacement clause is one cause for concern for Indian IT companies. If that would have gone through it would bring up costs in Indian IT firms, even global IT firms for that matter.

House version is likely to remove that outplacement clause. The bill which is being currently drafted is taking into consideration demands from all interested parties. We also understand that the new bill will be brought to the US House of Representatives by August.

Although it is not sure that the outplacement clause will be removed altogether, but this is something that the House of Representatives are currently aiming at. Lobbying bodies have been assured on a bipartisan bill for all players and the House is looking at focusing on only the positives of immigration reforms and are willing to compromise the Democrats, but bring some kind of a mid-ground.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Will House edit of Immigration Bill calm Indian IT fears?

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login