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9th August 2016 Current Affairs Questions and Answers

9th August 2016 Current Affairs MCQs, Quiz, Questions : Current Affairs for August 2016 ,  Daily Multiple Choice Questions (MCQs) for In...

Barack Obama Raises USA H-1B Visa Fee

US President Barack Obama today signed into law a USD 1.8 trillion spending package which among other things introduces a hefty USD 4,000 fee for certain categories of H-1B visa and USD 4,500 for L1 visa for Indian IT companies and imposed stringent condition on America's aid to Pakistan.  The bill which includes a USD 1.1 trillion spending bill that funds the government until September 30, 2016, as well as a USD 680 billion tax package.  US President has signed the bill into law.
The bill comes as a shock for the Indian IT companies as they would have to pay millions of dollars while applying for H-1B visas, as they heavily rely of this work visa for highly skilled IT workers to get their work done in the US.  According to the bill they would have to pay an additional USD 4,000 for H-1B visa and USD 4,500 for L1 visa.