Keyword: specialmodisock
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-snip- Foreign workers, starting September 21, can’t enter the U.S. on an H-1B visa unless their employer’s petition (the paperwork requesting the visa) includes an extra $100,000 payment to the federal government. This fee must be renewed and paid annually, according to United States Secretary of Commerce Howard Lutnick. -snip- Nationally, there are approximately 730,000 active H-1B holders as of early 2025. -snip- Washington currently ranks 4th nationally for H-1B activity. The state, particularly the Seattle metropolitan area, is a major hub for the U.S. tech industry, with companies like Amazon and Microsoft relying heavily on H-1B visas to hire...
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A new proposal by Senator Jim Banks aims to restructure the H-1B visa system, drastically raising wage requirements and limiting alternatives companies use to hire foreign workers. -snip- The American Tech Workforce Act includes three main reforms. First, it increases the minimum required salary for H-1B visa holders from $60,000 to $150,000, which may disincentivize companies to look abroad for talent. The bill would also eliminate the OPT program, which allows foreign graduates to work in the U.S. for up to three years post-graduation. Thirdly, the bill replaces the current lottery system with a model awarding visas to the highest-bidding...
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The Trump administration is planning to add a $100,000 to the fee for H-1B visa applications, taking aim at a program that is used to attract highly skilled workers to the U.S. The additional fee, which was confirmed to CBS News by a White House official, would impact employers including tech giants such as Amazon, IBM, Microsoft and Google, which have relied on the program to hire foreign workers. President Trump could sign a proclamation adding the new fee as soon as Friday, and which would restrict H-1B workers from entering the U.S. unless accompanied by the $100,000 payment, according...
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Prime Minister Narendra Modi and Russian President Vladimir Putin stole the spotlight at the Shanghai Cooperation Council summit in Tianjin with their warm gestures and camaraderie. The two leaders walked together, shared light moments, and exchanged jokes, showcasing a bond that appeared stronger than ever. Modi was seen hugging Putin on the sidelines, a moment that fuelled headlines amid growing Western unease over India’s oil trade with Russia.
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THIS is the bizarre moment Vladimir Putin is seen holding hands with India's Prime Minister Narendra Modi at an "anti-Nato" summit. The inseparable pair were seen giggling and smiling at one another as they met up with Chinese despot Xi Jinping for crunch talks in Tianjin.
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Donald Trump has imposed a hefty 50% tariff on Indian goods, a move prompted by India's continued purchase of Russian oil. This action endangers over half of India's exports to its biggest market. According to New Delhi, the tariffs that come into effect today (Wednesday, August 27) will impact £35.8billion ($48.2bn) worth of exports. Initially, the US President announced a 25% tariff on Indian goods. However, earlier this month, he signed an executive order for an additional 25% tariff in response to India's purchases of Russian oil. This brings the total tariffs levied by the United States on its ally...
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As External Affairs Minister S. Jaishankar prepares for crucial talks with Russian Foreign Minister Sergey Lavrov in Moscow, India finds itself at the centre of a diplomatic storm. President Trump has unleashed his most aggressive economic assault on India in recent memory, wielding tariffs and sanctions as weapons to force New Delhi away from its Russian partnerships. The pressure campaign began in August 2025 with sweeping 25% tariffs on Indian exports, later doubled to 50% specifically targeting Russian oil imports. For a nation whose economic planners depend heavily on US markets, this represents a devastating blow. Nearly 70% of India's...
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Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from cheap Russian oil imports during the war in Ukraine, describing the practice as "arbitrage" and condemning it as unacceptable. "They are just profiteering. They are reselling," Bessent told CNBC's "Squawk Box" in an interview. "This is what I would call the Indian arbitrage — buying cheap Russian oil, reselling it as product." "They've made $16 billion in excess profits — some of the richest families in India," Bessent said.
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Trump's imposition of additional tariffs is "unfair, unjustified and unreasonable", the Ministry of External Affairs said. Shortly after US President Donald Trump announced an additional 25% tariffs on India on Wednesday, the Indian Ministry of External Affairs issued a statement, noting that the country will "take all all actions necessary to protect its national interests." The additional import levies have been slapped by Trump to "penalise" India for its continued purchase of Russian crude oil. The MEA, in its statement, said India's imports are based on market factors and done with the "overall objective of ensuring the energy security of...
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President Trump took executive action Wednesday to hammer India with an additional 25% tariff due to its continued purchases of Russian oil. The move, which will take effect Aug. 27, will increase the total US tariff rate on India to 50% and comes ahead of Trump’s Friday deadline for Russia to make peace with Ukraine or face secondary tariffs or sanctions — penalties on countries that continue purchasing energy from Moscow. “The actions and policies of the Government of the Russian Federation continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United...
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United States President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on India in response to its continued purchase of Russian oil. More to come...
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