Proposal on H-1B Visa and Green Card Fee Hike

As stated by "Indian Express" :

A proposal that will hit Indian IT companies the most, US software giant Microsoft Corporation has suggested a whopping fee of USD 10,000 (over Rs 5 lakh) for a new category of H-1B visas and USD 15,000 (more than Rs 7.5 lakh) for permanent residency or Green card.

This could raise a huge USD5 billion over a decade, it said.

Both the new categories of H-1B and Green cards, according to the Microsoft plan, would have an annual capacity of 20,000 and would be restricted to STEM (science, technology, engineering and math).

The money thus raised, according to the US company, would be used for the STEM education programs.

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