Washington, Sept. 20: US President Donald Trump has ordered that American companies employing foreigners working in the United States on H-1B visas will have to pay $100,000 or Rs. 88.13 lakh annually to the government for the cost of a foreign worker. Trump has already signed an order in this regard and the new policy will be implemented from September 20.
Trump has imposed a 50 percent tax on products exported from India to the US, creating a market turmoil in the production of hundreds of Indian products, especially in the textile sector, and has increased the H-1B visa rate by 100 times before the end of the month, shocking millions of non-resident Indians.
Impact on 3.5 lakh Indians
The US issues H-1B visas to skilled foreign workers and thousands of companies there issue these visas to foreigners and renew them annually. Till now, companies there used to pay the visa cost of $1,000 or Rs.88,000 to the government for each foreign worker and pass it on to their companies.
Now, for those who are currently working in the US, including those who get new H-1B visas, the companies they work for will have to pay 100 times more - that is, $100,000 (Rs.88.13 lakh) to the government for the annual visa renewal. It is difficult for companies to pay this amount to the government and currently in the US.
3.5 lakh H-1B Indian workers are in danger of losing their jobs. It is also illegal to stay in the country once the visa expires, and there is a possibility that millions of them will return home unemployed.
Disclaimer: This article has been translated by xklsv.com using advanced AI-based translation tools. Please note that the use of AI for translation is still experimental and may not be 100% accurate. The original content is sourced from shakthidaily.info, and Shakthi Daily is not responsible or liable for any errors, omissions, or inaccuracies that may appear in the translated version, including spelling, grammar, or contextual misunderstandings.
If you come across any mistakes or inconsistencies in this translation, we kindly request you to report them by sending an email to [email protected]. Your feedback will help us improve the quality of our translations.
