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Currency watch: Rupee slips 25 paise to 88.53 against US dollar; Trump tariffs & H-1B visa fee hike weigh on sentiment

Rupee slips 25 paise to an all-time intraday low of 88.53 against the US dollar in early trade on Tuesday, as concerns over enhanced US tariffs on Indian goods and the new $100,000 H-1B visa fee weighed on investor sentiment.Forex traders said that global risk aversion and trade policy uncertainty further exacerbated the rupee’s decline.At…

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Rajeev Chandrasekhar on H-1B fee hike: ‘It is not something that is good for the American…’

BJP Kerala State President Rajeev Chandrashekhar has also criticised US President Donald Trump’s decision to increase the H-1B visa fees to $1,00,000. Speaking to news agency ANI, Chandrasekhar said that this decision to the Trump administration could damage America’s own technology ecosystem. For those unaware, last week, the Donald Trump administration announced revision in the…

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Will the H-1B $100k visa fee affect F-1 students? What is the process of switching from H-1B to Green Card?

H-1B visa holders can apply for permanent residence in the US to escape any further action on foreign workers by the administration. The H-1B conundrum has triggered speculations that other visa categories also will face some heat from the Donald Trump administration — limiting the entry of foreigners in the United States. In a major…

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Indian IT braces for $100,000 H-1B visa fee; firms look to offshoring, local hires to absorb shock – Report

NEW DELHI: Indian IT companies are preparing to cushion the impact of the US administration’s steep hike in H-1B visa fees, with analysts saying the blow, while sharp, is unlikely to be fatal for the sector. On September 19, President Donald Trump signed an executive order raising the fee for new H-1B applications to $100,000,…

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“I’ve worked on H1-B politics for 30 years,” Netflix co-founder says US’ $100k H-1B tax is…

Netflix co-founder Reed Hastings has endorsed President Donald Trump’s new $100,000 H-1B visa fee, breaking ranks with most Silicon Valley leaders who have criticised the policy as harmful to innovation and startup growth. In a post on X, Hastings wrote: “I’ve worked on H1-B politics for 30 years. Trump’s $100k per year tax is a…

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Trump’s H-1B visa fee hike to backfire? Wall Street banks set to rely more on Indian GCCs; may deepen presence in India

H-1B visas also see significant usage from financial and consulting organisations. (AI image) US President Donald Trump’s move to steeply hike the H-1B visa fees to $100,000 in a bid to create more jobs for Americans may actually end up backfiring! Major Wall Street banks are actually expected to increase their dependence on business support…

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US H-1B visa fee: Doctors likely to get exemption from $100,000 charge, says report

NEW DELHI: Days after US President announced an exorbitant fee hike in H-1B visa fees, the White House is mulling exempting for physicians from the new fees, news agency Bloomberg reported on Monday.“The Proclamation allows for potential exemptions, which can include physicians and medical residents,” Bloomberg quoted White House spokesperson Taylor Rogers saying in an…

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The $100,000 H-1B gamble: Why Donald Trump’s visa tax won’t save American jobs – winners and losers

AI image for representation only. TL;DR: Driving the newsUS President Donald Trump’s proclamation to impose a $100,000 fee on new H-1B visas has jolted corporate America, global talent, and many immigrant communities – particularly Indian-Americans. Rolled out with little warning, the six-figure charge is meant to curb what Trump and his allies call the “most…

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H-1B visa fee hike: China’s answer goes live on October 1; What is K-visa, who can apply and key features to know

Trump announced a new fee of $100,000 for H-1B visas effective September 22, sparking concerns among IT professionals and companies. Amid the uncertainty, China’s K-visa – being dubbed as the country’s answer to the H-1B visa is making headlines. The new rules, aimed to amend regulations on foreign entries and exits were announced this August…

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