India's commerce ministry has stepped in to take action against what has been termed as an "unfair" hike in US work visa fees.
The US government has signed off on a new $1.8-trillion spending package, which among other things introduces a hefty $4,000 fee for certain categories of the H-1B visa and $4,500 for the L1 visa. These visas are popular among Indian software firms operating in the US and industry body NASSCOM has estimated that the new hike would hit the IT sector with losses of around $400 million annually.
The US government has signed off on a new $1.8-trillion spending package, which among other things introduces a hefty $4,000 fee for certain categories of the H-1B visa and $4,500 for the L1 visa. These visas are popular among Indian software firms operating in the US and industry body NASSCOM has estimated that the new hike would hit the IT sector with losses of around $400 million annually.
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