After the initial championing of the H-1B visa programme by US President-elect Donald Trump and tech magnate Elon Musk, there has been some dialling down of support for the scheme. In an interview with the New York Post, Trump had described the programme as "a great system", saying he was a believer in H-1B, and highlighted its role in filling critical gaps in the US workforce. However, within days of this endorsement, the backlash from Make America Great Again (MAGA) hardliners has seen some backpedalling, with Musk claiming the programme is "broken and needs reform", though he isn't abandoning it just yet. Instead, he has suggested the programme be fixed by hiking the minimum salary under the scheme and an annual fee be charged for visa maintenance. The all-round confusion makes it clear that we have not heard the last on the issue.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Bad loans weigh on HDFC...
The private lender witnessed a marginal growth in loans as its gross advances rose 3% on the year to ₹25.43 lakh crore
Retail space leasing in malls falls 10% in 2024
LEASING OF RETAIL spaces in shopping malls and high streets fell 10% last year to 6.4 million sq ft across eight major cities due to supply constraints, from 7.1 million sq ft in 2023, according to CBRE.
Race for AI dominance
Stargate is part of US-China tech battle, but India should also look at foundational AI development
H-1Bs fill key skills gap: Nasscom
NASSCOM ON WEDNESDAY said H-1B visas have nothing to do with immigration issues and instead fill critical skills gap in the US, as the apex industry body asserted that technology will be the \"lynchpin\" of US economic growth, triggering continued need for \"win-win partnerships\" between companies on both sides.
Assam Holds Roadshow for Investors in Bengaluru
As many as 200 companies from India's high-growth sectors such as energy, infrastructure, semiconductors, textiles, IT-ITeS, and electronics have explored investment opportunities in Assam at an investors' roadshow held here recently.
Middle class is a victim of tax terrorism, says Kejriwal
Zero tax on annual income of up to ₹10 lakh, removal of goods and services tax (GST) on essentials, increase in health and education budget up to 10%, a pension scheme for senior citizens, along with proper retirement plans: These are among seven demands that Aam Aadmi Party (AAP) chief Arvind Kejriwal presented to the Centre on Wednesday as he said that the middle class is a victim of \"tax terrorism\".
Trump's $500-billion AI odyssey
● Stargate signals US intent to lead the global AI race
CAG red flags expenses by firm behind RRTS
Matter Under Investigation
RBI's dollar sales may net govt big dividend
THE FALLING RUPEE may still have a silver lining for the government.
India's 'year of reforms' in defence
A close engagement between the private industry and govt is critical to achieve a robust policy along with adequate budgetary allocations in 2025
