The outgoing Biden administration has relaxed rules for H-1B visas that will make it easier for American companies to hire foreign workers with special skills and facilitate a smoother transition from F-1 student visas to H-1B visas, a move that is likely to benefit thousands of Indian tech professionals.
The most sought-after H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.
Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
The rule, announced by the Department of Homeland Security (DHS) on Tuesday, aims to provide greater flexibility to employers and workers by modernizing the definition and criteria for special positions, and non-profit and governmental research organizations that are exempt from the annual statutory limit on H-1B visas.
The changes will help US employers hire as per their business needs and remain competitive in the global marketplace, an official release said.
President-elect Donald Trump will take charge as the next president of the US after his swearing-in ceremony on 20 January.
Diese Geschichte stammt aus der December 19, 2024-Ausgabe von Mint New Delhi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 19, 2024-Ausgabe von Mint New Delhi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Only English please: Trump's order is more than symbolism
It's yet another arrow in the US president's anti-diversity quiver
Jaiprakash Associates must be sold as one unit: NCLT
The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals.
Promotions to take a hit as India Inc. turns tightfisted
Companies to elevate fewer people, offer slimmer hikes this year amid global uncertainty
Cognizant on a tightrope as new challenge pops up
Globally, 243 activist campaigns were launched in 2024, highest since 2018, according to a Barclays report
Will Push for Comprehensive Trade Partnership with India
A head of his trip to India, New Zealand Prime Minister Christopher Luxon has said he will push for a comprehensive economic partnership with New Delhi and explore ways to strengthen bilateral security ties.
Fitch Cuts Adani Energy's Outlook
Fitch Ratings cut the outlook on Adani Energy Solutions Ltd to negative on concerns that US investigations could reveal that the group's corporate governance practices are weaker than its expectation.
CleanMax, Osaka Gas Announce JV
Brookfield-backed firm CleanMax on Monday announced a joint venture partnership with Osaka Gas Group to develop a 300 megawatts (MW) renewable energy portfolio entailing an investment of ₹1,500 crore.
'Eternal' name gets shareholder nod
The shareholders of Zomato have approved a special resolution to rename the firm 'Eternal', the company informed in a stock exchange filing.
Sheinbaum Rallies Supporters in Response to Trump Threats
Tens of thousands from across Mexico gather in capital in a patriotic fiesta and show of unity
Formulate a plan to boost India's agricultural exports
Lowering tariffs to meet Trump's demands won't hurt if India can lift farm output and penetrate export markets