New US Visa Bill: India to move WTO
India is likely to meve World Trade Organisation against the US for its new “protectionist” move in hiking professional visa fees, a step that will make Indian IT companies less competitive in the American market.
Under the Emergency Border Security Suppl-emental Appropriations Act, 2010 — popularly called the Border Security Bill — the United States has hiked fee for certain categories of H-1B and L1 visas by at least US $ 2,000 for the next five years.
The fee hike is expected to cost Indian companies, mainly IT outsourcing firms, about $200 million annually. India “cannot keep quite” on an issue that hurts its commercial interests, the commerce secretary, Rahul Khullar, said on Tuesday, making it clear that moving the WTO on the matter is being considered seriously.