International News: US President Donald Trump on Friday increased the yearly fee for H-1B visas to $100,000. This rule will particularly stupefy Indians working at major US tech companies. At the signing recurrence at the White House, Trump said the measure was aimed at providing jobs to Americans. The wardship later said the measure would protect American workers and indulge companies to rent "truly unrenowned and talented individuals."
Trump Launches US Gold Card
The US awards 85,000 H-1B visas each year through a lottery system. Indians receive approximately three-quarters of these. Trump has moreover launched a new visa system, tabbed the Gold Card, for foreigners who wish to live and work in the US. Trump said, "The Gold Vellum will bring in billions of dollars and indulge companies to rent the expertise they need." According to the White House, this vellum will be given to successful businessmen, investors, and entrepreneurs. It is stuff said that this vellum may sooner replace the Green Card, which allows foreigners to live and work in the US.
How to get Gold Card?
A non-refundable using fee is required. If approved, a petrifaction of $1 million will be required. This translates to approximately 83 crore (approximately $83 million). The Gold Vellum allows you to travel and live in all 50 US states.
Trump Platinum Card
This will moreover be for businessmen, investors, and entrepreneurs, but with increasingly benefits. Registration hasn't begun yet. When it does, it will be on a first-come, first-served basis. Upon approval, you'll have to pay 5 million rupees, or approximately 415 million rupees. This allows you to stay in the US for up to 270 days a year without paying US income tax during that time.
Trump Corporate Gold Card
This vellum is for companies that want to rent foreign employees. The fee is $2 million, or approximately Rs 166 crore, per employee. The visitor will pay a non-refundable fee for each employee. There will moreover be a small yearly maintenance fee and a transfer fee.
