The US has announced fresh curbs on H-1B visas, with the Department of Homeland Security unveiling what it described as an interim final rule "to protect US workers, restore integrity to the H-1B program and better guarantee that H-1B petitions are approved only for qualified beneficiaries and petitioners".
An American executive order on H-1B visas will only hit US firms badly, as it will prevent intra-company transfers by Indians who are working for American banks, automobile companies and pharmaceutical firms, the head of Tata Consultancy Services, India's biggest outsourcing company, has warned.
The US has suspended the issue of green cards and new H-1B visas in a move that has been slammed by the IT industry, a sector that depends on H-1B holders to carry out a sizeable amount of work.
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