Breaking News Update on H1B Visa 2014 quota status update from USCIS.
USCIS is expecting more number of H1B applications in first days of April, 2013 than the available quota of 65,000 in regular cap and 20,000 in Maters Degree cap.
Here is the extract from USCIS Press Release
The cap (the numerical limitation on H-1B petitions) for FY 2014 is 65,000. In addition, the first 20,000 H-1B petitions filed on behalf of individuals with U.S. master’s degree or higher are exempt from the fiscal year cap of 65,000.
Based on feedback from a number of stakeholders, USCIS anticipates that it may receive more petitions than the H-1B cap between April 1, 2013 and April 5, 2013. USCIS will monitor the number of petitions received and notify the public of the date on which the numerical limit of the H-1B cap has been met. This date is known as the final receipt date.
If USCIS receives more petitions than it can accept, USCIS will use a lottery system to randomly select the number of petitions required to reach the numerical limit. USCIS will reject petitions that are subject to the cap and are not selected, as well as petitions received after it has the necessary number of petitions needed to meet the cap. The lottery for the H-1B cap was last used in April 2008.
Now, you have it folks.
According to H1B Visa 2014 predictions, I was expecting H1B quota will be over by end of April. But, its it could be over much before than that.