Stories
Slash Boxes
Comments

SoylentNews is people

Data Localization = Caps On H-1B Visas

posted by Fnord666 on Friday June 21 2019, @02:15PM   Printer-friendly
from the no-visa-for-master-card-data dept.

An Anonymous Coward writes:

The US is looking to cap the number of H-1B visas granted to India due to recently enacted "data localization" laws.

India, which has upset firms such as Mastercard and irked the U.S. government with stringent new rules on data storage, is the largest recipient of these temporary visas, most of them to workers at big Indian technology firms. India receives about 70% of all US H-1B visas, but would be limited to between 10% and 15% of the annual quota.

[...]Most affected by any such caps would be India’s more than $150 billion IT sector, including Tata Consultancy Services (TCS) and Infosys Ltd, which uses H-1B visas to fly engineers and developers to service clients in the United States, its biggest market. Major Silicon Valley tech companies also hire workers using the visas.

Shares in Indian IT firms fell in early trade on Thursday after the Reuters story. Wipro Ltd fell around 4%, while Infosys and TCS fell more than 2% each. The broader Nifty IT index’s 1.8% fall was its biggest intraday percentage decline in over five weeks.

Also at: Fortune, The Economic Times (India), and MSN.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Data Localization = Caps On H-1B Visas | Log In/Create an Account | Top | 17 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Friday June 21 2019, @06:15PM

    by Anonymous Coward on Friday June 21 2019, @06:15PM (#858629)

    I really have no idea why you think this would do any good for the "people of the world," when the concern of President Trump would over the supremacy and profits of the United States. This President has never even given the first clue he gives a shit about any people who do not vote for him, and he really doesn't give a shit about them if it means the right people get paid instead.