The program was at the center of a fight that broke out between President-elect Donald Trump's supporters over the holidays. Elon Musk and other tech executives defended H-1B visas as crucial to the success of U.S. businesses. Other stalwarts in the MAGA movement said tech companies should be forced to hire American workers.
Amazon.com, Google, and Tesla are among the biggest users of the visas, which let companies bring foreign workers to the U.S. on a temporary basis. The workers overwhelmingly come from India and fill jobs in such fields as software development, computer science, and engineering.
Created by Congress in 1990, the H-1B program is the main pathway to the U.S. for highly skilled foreign workers. Visa holders can eventually become eligible to apply for green cards, which would let them stay in the country indefinitely.
The program is vastly oversubscribed, with new visas capped at 85,000 a year. Companies file hundreds of thousands of petitions for the visas a year. A lottery system helps decide who gets in. Employees of universities and other nonprofits are generally exempt from the cap.
هذه القصة مأخوذة من طبعة January 02, 2025 من Mint Bangalore.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 02, 2025 من Mint Bangalore.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
America's TikTok ban will be President Trump's first big test
Trump has delayed action but will still have to abide by US law
Lumino Industries files DRHP for IPO
Conductors and power cables manufacturer Lumino Industries has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (Sebi) to raise ₹1,000 crore through an initial public offering (IPO).
'EU wants to firm up strategic India ties'
European Commission President Ursula von der Leyen on Tuesday said the first trip of her new Commission will be to India as she wants to upgrade the strategic partnership with \"the largest country and democracy\" of the world.
Sebi May Allow IPO Trade Pre-Listing To Cut Grey Mkt: Buch
In 2024, 91 large firms went public, raising a record ₹1.6 trillion, as per data from analytics firm Prime Database
The market is teaching retail investors some old lessons
Past patterns of investors getting swayed by narratives are evident. The lessons learnt are less so
Delhi govt delays new liquor plan
The Delhi government has postponed its plan to order liquor using a new sales-based points system after widespread objections from market players.
China vows to import more goods
Chinese vice premier Ding Xuexiang said China will expand its imports, hours after US President Donald Trump left the economy out of countries he's looking to hit with tariffs imminently.
Estate planning: A step-by-step guide to safeguard your legacy
How do I plan the smooth transition and safety of the estate that I have accumulated over my lifetime? -Name withheld on request
Why India Requires a New Fiscal Policy Framework After 2025-26
It'll afford the government more flexibility even if it's harder to track and the monetary policy framework may need to adapt
Post ceasefire with Israel, Hamas is effectively back in control in Gaza
After Israeli troops stood down when a cease-fire came into effect in the Gaza Strip, Hamas began sending thousands of its forces onto the streets to establish control.