B 1B BOMBER
BoB loan book grows 8% in Q1; IndusInd's net advances up 16%
The bank's CASA ratio fell to 36.7% at the end of June 2024 from 39.9% a year ago, disclosures made by the bank showed. Retail deposits and deposits from small business customers amounted to ₹1.74 lakh crore as of June 2024, up from ₹1.69 lakh crore in March 2024, the bank said.
A recent Supreme Court ruling may shake up US immigration laws, specially for H-1B workers
The US Supreme Court's recent decision to overturn the Chevron precedent has significant implications for immigration laws, particularly affecting the Indian diaspora. The ruling may impact H-1B visa holders and their employers, while also raising questions about the future of the H-4 EAD program.
15 places to buy Amazon liquidation pallets in the USA
Discover reputable companies offering Amazon liquidation pallets with a wide range of products at competitive rates. From electronics to household essentials, these top 15 companies provide quality goods for wholesalers, retailers, and bargain hunters.
US chip dreams will fade without more immigrants
In a rare display of bipartisan cooperation, Democrats and Republicans passed the Chips and Science Act to revitalize US semiconductor manufacturing. However, a failure to address the shortage of skilled workers threatens the industry's growth. Proposed solutions include a specialized visa program and increased support for STEM education.
Amazon & Google suspending green card applications: Why EB-5 visa a perfect fix for H-1B challenges and tech layoffs
The EB-5 visa program provides stability, job creation, and a streamlined immigration process, making it a reliable alternative for those facing uncertainties in the tech industry. With a direct path to green card status and economic growth opportunities, EB-5 offers a secure pathway to permanent residency.
Taxpayers can amend sales return form before GST payment
GST taxpayers can now amend Form GSTR-1 with Form GSTR-1A before tax payment, ensuring accurate GSTR-3B filing. Partners like Abhishek Jain from KPMG appreciate the revision option, anticipating mechanisms like GSTR-2B for credit reconciliation. BDO India's Maulik Manakiwala highlights industry consultation, simplifying GST law and compliance, with exemptions for small taxpayers from GSTR-9/9A filings.
Moving to the US: Understanding the H-4 visa for dependents of H-1B visa holders
The H-4 visa, issued by USCIS, is for dependents of certain nonimmigrant workers like H-1B and H-1C visa holders. It allows spouses and children to accompany the primary visa holder to the US and study there.
Green Cards for Grads: Trump’s new vote magnet?
Former President Donald Trump's proposal to grant Green Cards to foreign graduates could reshape international student dynamics and immigration policies, impacting countries like Canada, Australia, and the UK. However, uncertainties remain regarding the feasibility and implications of this initiative.
H-1B and L-1 visa workers may cost US employers thousands of dollars more
Employers may soon have to pay additional fees to extend work visas for foreign employees under a new DHS proposal. The proposal includes a $4,000 fee for H-1B visa extensions and a $4,500 fee for L-1 visa extensions.
H-1B visa holders who moved to Canada on special work permits can now sponsor dependents
Family members of H-1B visa holders can apply for TRVs and study permits through the IRCC Portal. The Canadian government launched a new work permit program for US H-1B visa holders in 2023, offering opportunities for work and potential residency. The initiative saw overwhelming interest, with all 10,000 permits quickly claimed.
US flies B-1B bomber for first precision bomb drill in 7 years as tensions simmer with North Korea
The United States conducted a precision-guided bombing drill with South Korea, flying a B-1B bomber over the Korean Peninsula for the first time in seven years. This exercise, seen as a show of force against North Korea, included other advanced U.S. and South Korean fighter jets. The drill aimed to demonstrate the U.S. security commitment to South Korea and strengthen joint defense posture. North Korea has recently engaged in provocative actions, including launching rockets and floating balloons carrying trash toward South Korea.
US, South Korea conduct joint bombing drills
The United States flew a B-1B bomber over the Korean Peninsula for the first joint bombing drills with South Korea in seven years, amidst heightened tensions from North Korea's provocations. The US bomber, escorted by South Korean F-15K jets, dropped Joint Direct Attack Munitions during the exercise. South Korea suspended a 2018 inter-Korean military pact and resumed military activities along the demarcation line. The drills aim to reinforce the US extended deterrence commitment and combined defense posture against North Korea's threats.
US Air Force releases first images of 'B- 21 Raider'. Know about world's most dangerous nuclear stealth bomber
The stealth bomber 'B- 21 Raider' was unveiled last year. The bomber was pictured during ongoing ground and air testing at Edwards Air Force Base in California.
Is it a good idea for laid off H-1B workers to switch to a US tourist visa, and back again?
When laid-off H-1B workers consider transitioning to B-1/B-2 visitor status for job searching, they gain valuable time and a streamlined process back to H-1B, endorsed by USCIS. This strategic move offers a safety net and opportunity for a successful career transition in the U.S.
Visa fee hike hits IT cos; Airport cab fares set to rise
Happy Friday! The hike in H-1B visa fee will hurt IT service companies severely, experts have warned. This and more in today’s ETtech Morning Dispatch.
Steep H-1B fee hike to burn a big hole in IT companies pockets
The steep hike in US H-1B visa fees could spell bad news for Indian IT service providers and dent their pockets significantly, experts and industry insiders have warned.
What is 'Garden Leave' & does the 60-day H-1B visa grace period apply to such situations?
The termination of H-1B workers can be complex, especially when garden leave is involved. The ambiguity arises from the period between formal notice and payment cessation. While USCIS guidelines lean towards the formal notice date for termination, discretion is allowed based on individual circumstances.
Ankush Aggarwal returns to Ola Cabs; declining H-1B visas for IT staff
Happy Tuesday! Ola Cabs founder Bhavish Aggarwal’s brother Ankush is back at the ride-hailing business. More on this in today’s ETtech Morning Dispatch.
Indian IT’s reliance on H-1B dropped 56% over past 8 years
Indian IT companies’ reliance on H-1B visas has fallen over the years as they have ramped up local hiring in the US. High denial rates during the Trump administration along with tightening of the immigration regime have also decreased visa usage, experts said.
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