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Business News/ Politics / Policy/  News in numbers: $130,000 is proposed annual minimum wage for H1B visa holder
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News in numbers: $130,000 is proposed annual minimum wage for H1B visa holder

In other news, the United Naga Council lifts blockade on Manipur after 139 days

The introduction of the bill in US Congress is acting as a catalyst for IT companies even as they tweak their operating models so they are less dependent on H1B visas. Photo: MintPremium
The introduction of the bill in US Congress is acting as a catalyst for IT companies even as they tweak their operating models so they are less dependent on H1B visas. Photo: Mint

$130,000

What is it? Annual Minimum wage for a H1B visa holder, as proposed in High Skilled Integrity and Fairness Act, introduced by Congressperson Zoe Lofgren of California earlier this year.

Why is it important? It’s one of the visa reforms being sought by some United States politicians, concerned about foreign nationals taking away American jobs. This bill was expected to impact the way Indian IT companies operate. One of the first signs of change on ground is a decision reported to have taken by Infosys not to apply for H1B visas for junior staff.

Tell me more: The introduction of the bill is potentially acting as a catalyst for IT companies even as they tweak their operating models so they are less dependent on H1B visas (and human resources in general).

139 days

What is it? The number of days Manipur was under economic blockade.

Why is it important? United Naga Council, which had imposed the blockade on the north-eastern state to protest against the creation of Sadar Hills and Jiribam into full fledged districts, has called it off effective Sunday midnight.

Tell me more: It’s a win for the BJP-led coalition, which is awaiting a floor test in the State Assembly. In the recent elections, Indian National Congress emerged as the single largest party. BJP joined hands with smaller parties to claim the right to form the government.

47

What is it? The number of people who were sworn in as ministers in Uttar Pradesh government under chief minister Yogi Adityanath and deputy chief ministers Keshav Prasad Maurya and Dinesh Sharma.

Why is it important? The focus of everyone’s attention was Yogi Adityanath himself, who is known for provocative and often divisive speeches, and controversial statements. His selection as the country’s largest state came as a surprise to many who thought of recent election results as a mandate for development.

Tell me more: The newly formed government has 21 ministers in cabinet rank. BJP won 312 of the 384 sears it contested (and of 403 available) in the recently held assembly elections. Samajwadi Party won 47 seats and Bahujan Samaj Party won 19.

400 million

What is it? The number of customers that telecom players Vodafone and Idea will have as a merged group.

Why is it important? That would mean a 35% market share by number of users. While there were talks about Vodafone - Idea merger for some months now (especially after the launch of Reliance Jio), the companies acknowledged they were in talks last month, and formally announced it after Idea board approved the merger on Monday. The merged entity will control over 40% of revenue market share, and a quarter of all the spectrum available in the country.

Tell me more: Vodafone will own 45.1%, and Idea promoters will own 26% in the new company.

525

What is it? The number of balls faced by Cheteshwar Pujara against Australian cricket team at Ranchi in the ongoing test series.

Why is it important? It is the longest innings ever played by an Indian, and beats Rahul Dravid’s record of 495 balls against Pakistan, in which Dravid scored 270 runs. Pujara scored 202. This is the third Test in the ongoing India-Australia series. The match ends on Monday.

Tell me more: The others in the top five list (of Indian players who stayed longest on creaseby number of balls faced) are Navjot Sidhu, Ravi Shastri and Sunil Gavaskar.

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Published: 20 Mar 2017, 01:09 PM IST
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