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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.
(Score: -1, Troll) by Ethanol-fueled on Saturday June 22 2019, @12:50AM (2 children)
The way I see it, it's win-win for Americans. Indian men are obnoxiously arrogant, because the ones that shit in toilets, whether or not they eventually make it to the USA even as H1-B hires are the family golden-boys. Give them a little money and popularity on the world stage and it goes straight to their head, and they become the Indian equivalent of the upper middle-class white kid driving around the SUV his mommy and daddy bought, thinking he's a badass while carrying a pocket knife and shouting Eminem lyrics everywhere he walks.
You can see it happening on the geopolitical stage as well. Unfortunately, thanks to the weakening of America's reputation caused by its Jewish infiltration, even literal shit nations such as India are taking advantage of us.
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @06:39PM (1 child)
Your weakness is not white people's weakness. They seem to be doing better than everyone from the looks of it, and without deserving it.
(Score: 0, Troll) by Ethanol-fueled on Saturday June 22 2019, @10:38PM
Shut da fukk up whitey.