Trump deals another blow to Indians, increases H-1B Visa Fee to $100,000

New Delhi: US President Donald Trump has signed a proclamation imposing a $100,000 (approximately Rs. 8.8 million) fee on new H-1B visa applications. This decision will have the greatest impact on Indian workers, as they are the largest beneficiaries of this visa. Investment Tips: This Post Office Scheme can turn Rs 12 Lakh into Rs 17 Lakh; Know how Companies will now have to pay $100,000 for a single visa This new policy was announced by US Commerce Secretary Howard Lutnick. He stated that each H-1B visa will now require an annual fee of $100,000. According to Lutnick, "We have spoken with major companies, and they are ready for this." Policy Objective: Prioritizing American Graduates The stated purpose of this move is to provide more job opportunities to American students and graduates. Lutnick stated that companies should prioritize young people educated at American universities, rather than recruiting foreign workers to take away American jobs. Trump also supported the decision, saying the technology sector would be pleased with the change. Tech companies have yet to respond Major tech companies like Amazon, Apple, Google, and Meta have not yet issued an official statement on the decision. However, these companies employ thousands of H-1B visa holders each year, making this decision potentially costly for them. [caption id="attachment_136397" align="aligncenter" width="2560"] Is Donald Trump Backstabbing India? (Image Source: Internet)[/caption] Indians will suffer the most According to official data, Indians represent 71% of H-1B visa recipients each year, while Chinese citizens represent only 11.7%. H-1B visas are typically granted for a period of 3 to 6 years and allow people to work in technical fields in the US. The US issues 85,000 visas annually The US issues 85,000 H-1B visas annually through a lottery system. This year, Amazon received the most visas (over 10,000). This is followed by names like Tata Consultancy Services (TCS), Microsoft, Apple, and Google. California is the state with the largest number of H-1B visa holders. The path to America will now become more expensive for foreign talent. Infosys to hire women on career breaks; Offers referral awards and more This decision by the Trump administration will make it more difficult and expensive for Indian professionals seeking to work in the United States. This could increase the operating costs of both Indian IT companies and American tech companies. This move could significantly impact the job market.