H-4 Visa Repeal In Final Stage; Spouses Of H-1B Holders At Risk Of Losing Jobs
- The proposed rule to revoke H-4 visas is currently in final clearance, the Department of Homeland Security (DHS) told a federal court in a status update, according to a report by news agency Press Trust of India.
- The Trump administration on Thursday told the court that once the proposal is cleared through the DHS, it will be sent to the Office of Management and Budget for review under Executive Order for regulatory and planning review.
- As previously represented to the Court, the DHS intends to proceed with publication of this new rule concerning the H-4 visa rule, the DHS said in its court filing.
- The final notification to cancel the work authorisation under H-4 visas is likely to be issued in June.
- The US administration had earlier tightened norms relating to H-1B visa eligibility. Â
- The previous administration led by Barack Obama had, in 2015, started giving work permits to certain categories of H-4 visa holders, who were mostly spouses of H-1B visa holders.
- The number of Indians who managed to procure the new H-1B visas has fallen in 2017 vis-a-vis the number a year ago.
- H-1B visas approved for the new employment declined by 4.1 per cent while the total number of approved H-1B visas for Indian applicants rose by 12.5 per cent in fiscal 2017, according to a report by the USCIS, the American immigration agency.
- Indian IT companies TCS, Infosys, Wipro and Tech Mahindra bagged 6,973 H-1B visa approvals in financial year 2017, a mere 39 per cent among the top 10 employers in terms of H-1B visa approvals, according to an analysis of H-1B visa approvals by Washington-based non-profit think-tank NFAP.Â
- Also, 8,468 new H-1B visas for Indian-based companies in the financial year 2017 equaled only 0.006 per cent of the 160 million in the US labour force, the NFAP report showed.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
