The move is going to be detrimental to the Indian I-T sector Following stricter regulations on work visa rules for the coveted H1-B visa, the United States Citizenship and Immigration Services announced a delay in the “startup” visa program on Monday in the US. An Economic Times report states that before the announcement of the delay, the visa program was given the nod by former US president Barack Obama, and was slated to be released on July 17 this year. The move is going to be detrimental to the Indian I-T sector. According to the visa guidelines, entrepreneurs can stay stateside with a renewable 30-month visa. Foreign nationals, who had begun ventures in the United States, were eligible for the visas if they received USD 100,000 in government grants or USD 250,000 in a venture capital investments. However, the United States Citizenship and Immigration Services said that the Obama-era regulation had no basis in law. Obama’s main inten...
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