Election 2009 Updates

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Election 2009 Updates ( Refresh Page for latest updates)

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FY2010 H1B quota

By CROW -
After many months of little or no movement, we are at last seeing an increasing number of new H1B petitions accepted by the USCIS under the fiscal year 2010 quota. As of November  27 th , the USCIS reported that they had received approximately 58,900 petitions. The annual quota limit is 65,000. The law provides special set asides of up to 6,800 numbers for petitions filed for citizens of Chile and Singapore, under special free trade agreements. Technically, this reduces the overall quota to 58,200. Most of the Chile/Singapore set asides, however, are returned to the main pool and used by "regular" H1B petitioners. Given that this is a relatively small number, however, it shouldn't delay by too long the date on which the quota is finally reached.   Given the increasing number of filings, and the new sense of urgency that will undoubtedly result in more speculative filings by people hoping to get in while visas are still available, we can expect to see the quota r...
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Backlog for EB1, EB2 & EB3

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  Following the release by the USCIS of their backlog statistics in September, many prospective immigrants began to reevaluate the idea of upgrading to higher preference classifications. Central to any such decision is the answer to the question "How long do I have to wait if I remain in my present classification?" The purpose of this article is to help applicants try and determine just how long that wait will be. Direct link http://imminfo.com/News/Newsletter/2009-12/just_how_bad_is_the_backlog.html The answer to that question, like most things, is complex. It depends on several factors that are unknown at this time. These include: ·          There is an unknown number of pending AOS cases that have not yet been classified or reviewed. ·          In the case of EB2, there is an unknown number of EB3 applicants who are actively in the process of upgrading to EB2. ·    ...
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July 6th 2009 Market Update

By CROW -
01:28 PM Monday , 06 July The market slides and is trading weak on lack of major announcements in the budget. Sensex is trading at 14,336, down 576 points and Nifty is at 4,248, down 175 points from the previous close. Source : IRIS 01:13 PM Monday , 06 July Indian Union Budget 2009-2010: The market was running ahead of realty and so there is some disappointment for corporate Indian from the budget, says Uday Kotak of Kotak Securities. But this is a great time for medium-term investors who were left out to get into the market now, he adds. Source : CNBC TV18 01:11 PM Monday , 06 July Indian Union Budget 2009-2010: The Finance Minister has not packaged the budget very well, says Samir Arora of Helios Capital. But the market will forget about the budget in 4-5 days, he adds. Source : CNBC TV18 12:15 PM Monday , 06 July The market at noon has plunged, in an initial reaction to the Union budget even as the Finance Minister is in the midst of presenting it in Parliament. S...
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