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Proposal of US on business visas for H-1B speciality jobs could affect Hundreds of Indians.

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“The proposed changes and the resulting transparency would reduce the impact of foreign labour on the US workforce of aliens performing activities in a speciality occupation without the procedural protections attendant to the H-1B classification.”

— US State Department

State Department has proposed not to issue temporary business visas for H-1B speciality occupations which allowed companies to send their technology professionals for a short stay to complete jobs on site in the US, a move which could affect hundreds of Indians.The proposal, if finalised, will eliminate any misconception that the “B-1 in lieu of H policy” provides an alternative avenue for foreign professionals to enter the US for skilled labour that allows, and potentially even encourages them and their employers, to circumvent the restrictions and requirements relating to the “H” non-immigrant classification established by the Congress to protect US workers, the State Department said.

The move, made public on Wednesday, less than two weeks ahead of the November 3 presidential election, is likely to affect several Indian companies which send their technology professionals on B-1 visas for a short stay to complete jobs on site in the US.In December 2019, the Attorney General of California announced a $800,000 settlement against Infosys Ltd to resolve allegations that approximately 500 Infosys employees worked in the state on company-sponsored B-1 visas rather than H-1B visas, the State Department said.

The proposed changes and the resulting transparency would reduce the impact of foreign labour on the US workforce of aliens performing activities.

In a speciality occupation without the procedural protections attendant to the H-1B classification,” it said.

In its notification issued on Wednesday, the State Department said US architecture firms seeking protection.

From rising labour costs in the country might believe they could lay off US architects.

And contracts for the same services to be provided by a foreign architecture firm.

the architects who intended to perform skilled labour were ‘of distinguished merit and ability… seeking to perform (temporary architectural services) of an exceptional nature requiring such merit and ability.

One might argue the current regulatory language suggests.

This type of labour is a permissible basis for B-1 non-immigrant visa issuance,” the State Department said.

This potential outcome is harmful to US workers and contrary to the policies of the Trump administration, it said. The State Department said the application process for a B-1 visa.

Does not include similar procedural requirements to protect the US workers like that of H-1B visas. Also, the fees for the B-1 visas are far less than that of H-1B visas.

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ICICI Bank sets up presence in Nepal

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ICICI bank, apex consumer commission, Rs two lakh, ATM fraud, Business news

Lending major ICICI Bank on Thursday launched its operations in Nepal, via a representative office, to become the first Indian private sector bank to set up its presence in the country.

The bank opened a representative office in Kathmandu which will closely work with the domestic banks in Nepal to facilitate investment, trade, payments and treasury business between the two countries.

According to the bank, the current foray has expanded its global footprint to 15 countries including India.

“India and Nepal have significant trade and investment links between them. We believe that ICICI Bank’s on-ground presence through the new representative office coupled with its strong business partnerships with banks in Nepal, will help us further our participation in the economic flows between the two countries,” said Sriram H. Iyer, Head – International Banking Group, ICICI Bank.

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