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 speciality 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.
Denne historien er fra December 19, 2024-utgaven av Mint Bangalore.
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Denne historien er fra December 19, 2024-utgaven av Mint Bangalore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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An image makeover for palm oil would be good for us
The ecological impact of this affordable oil is lower and health benefits greater than often portrayed
Can the Xi-Trump 'bromance' be revived? Else, ties may fray
Cordiality between the two leaders would favour both countries
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The suo motu powers of courts are essential to secure justice and the public interest but their overuse can have adverse results
South Korea's political drama was worthy of applause
Its lawmakers were bravely joined by others to reject martial law and uphold democratic institutions
Market losses and mistakes are two completely different things
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Management consultant, educator and author Peter
Swiss tax shakeup: Effect on Indian investors, workers
Investors face tax hike on dividend starting January, following Switzerland's MFN suspension
How to build a ₹5-cr nest egg with ₹1.5 lakh monthly salary
My cousin (35) earns ₹1.5 lakh per month and paid off a home loan. He invests ₹45,000 in mutual fund SIPs (Nippon Indian small cap, Mirae bluechip and PPFAS flexi-cap) a month; and ₹50,000 in National Pension System every year. How much more should he invest to build a ₹5-crore retirement corpus? -Name withheld on request
File wage details by January-end for higher pension
Retirement fund body, the Employees' Provident Fund Organisation (EPFO) has extended time till 31 January for employers to upload wages and other details regarding the 310,000 pending applications for pension on higher wages.
Telecom sector gets ₹331.8 cr PLI boost
The government has disbursed a total incentive of ₹331.86 crore to 18 of 42 beneficiaries under the telecom PLI scheme as on 31 October. Parliament was informed on Wednesday.
