Connect with us

Business

Donald Trump announces new US H-1B visa rules, Indian techies likely to be hit

Published

on

Donald Trump announces new US H-1B visa rules, Indian techies likely to be hit

The United States Administration of President Donald Trump has announced a tightening of rules for immigration visas used widely by the technology firms. claiming the ”new system would be better for American workers”.

The Department of Homeland Security announced on Tuesday the new regulations for so-called H-1B visas for highly skilled workers, which allow up to 85,000 immigrants annually.

The move to cut back H-1B visas for foreign skilled workers and tighten wage-based entry barriers citing “data” that more than 500,000 Americans have lost their jobs because of “H1B non-immigrants” is likely to affect the Indian techies the most.

India and China account for the lion’s share of H-1B visas. As per US government data, India accounts for upwards of 70 per cent, most years. In a call with reporters, Acting Deputy DHS Secretary Ken Cuccinelli said about one-third of the people who have applied for H-1B visas would be denied under the new rules.

Advertisement

With Trump laid up with COVID-19, his poll numbers tanking and less than 30 days to go before the US election, the timing of the H1B visa hammering is business as usual for foreign workers.

Tap To Explore More : Money Control

Also Read : India’s Total Cases Crossed Over 67 Lakh Mark;Recorded 72,049 Cases In Last 24 Hours

Advertisement

india

Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

Published

on

By

Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

Following US SEC charges of bribery against Gautam Adani, opposition parties criticise PM Narendra Modi and call for a JPC investigation.

As billionaire Gautam Adani faces charges in the US for alleged bribery and fraud, the Opposition on Thursday intensified its attack on the Centre over its alleged links with the Adani Group.

Gautam Adani has been charged in the US with allegedly paying $250 million in bribes to Indian officials between 2020 and 2024 to secure favourable terms for solar energy contracts. The scheme, prosecutors said, could have earned Adani’s group over $25 billion in profits.

Congress demands JPC probe

Reacting to the charges, the Congress called for a Joint Parliamentary Committee (JPC) probe into alleged scams involving Adani’s conglomerate. The party also demanded the appointment of a “new and credible” Sebi chief to investigate Adani’s financial dealings and compliance with securities laws.

Advertisement

ALSO READ- At 65.2%, Maharashtra records highest voter turnout since 1995 assembly election

Congress leader Jairam Ramesh said the US Securities and Exchange Commission’s (SEC) actions highlight the failure of Indian institutions to investigate the group. “The indictment vindicates Congress’s demand since January 2023 for a JPC into the Modani scams,” Ramesh wrote on X.

He accused Prime Minister Narendra Modi of shielding Adani and claimed Congress’s “Hum Adani Ke Hain Kaun” (HAHK) series had exposed the businessman’s alleged fraud and his ties with the PM.

The fact that it has taken a foreign jurisdiction to properly investigate Adani only shows how Indian institutions have been captured by the BJP, and how decades of institutional development have been undone by greedy and power hungry leaders, the Congress leader said in another post.

Advertisement

“All of this is consistent with a long record of fraud and criminality carried out with impunity with the obvious protection of the Prime Minister,” Ramesh charged.

Other Oppn leaders join attack

Other opposition leaders joined the attack. Trinamool Congress MP Saket Gokhale questioned the BJP’s involvement in Adani’s dealings and demanded an independent judicial probe.

Aam Aadmi Party leader Sanjay Singh accused PM Modi of allowing Adani to tarnish India’s global reputation.

ALSO READ- Adani Group shares plunge after US SEC charges, Adani Green down 16%

Advertisement

Adani stocks latest updates

The allegations rattled markets, with Adani Group stocks plunging. Adani Enterprises fell 20 per cent in pre-open trade, while shares of Adani Ports, Adani Green, Adani Power, and others dropped between 7 per cent and 18 per cent.

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/

Continue Reading
Anyskill-ads

Facebook

Trending