The Biden administration on Friday issued a formal notification to delay the implementation of the previous Trump regime's controversial rule to raise mandatory minimum pay for foreign workers on H-1B visa, the most sought after among Indian IT professionals. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. The Department of Labour in its federal notification published on Friday said that it is considering whether to propose a further delay of the final rule's effective date and accompanying implementation periods that are currently scheduled to take effect on May 14, 2021, and July 1, 2021, respectively.
Prime Minister Narendra Modi met Joe Biden at the White House on Friday in his first bilateral meeting with the US president during which the two leaders are expected to discuss a wide range of priority issues, including combating Covid-19, climate change, economic cooperation as well as Afghanistan.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Schumer and Menendez said the months-long demonstrations have been met with orders from the central government and local authorities to shut off internet access in protest areas, cut off water and electricity supplies for the tens of thousands living in protest camps, and impede the work of journalists reporting on the protests.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries
'India enjoys the maneuverability of a coming big power.' 'It is this possibility that has persuaded Moscow to humour India and stayed Washington from getting punitive about India's neutrality on the Ukraine issue.'
AQ Khan, a controversial scientist known as the father of Pakistan's clandestine nuclear programme, passed away here on Sunday after a brief illness. He was 85.
With the economy gaining pace and large deals back on the table, chief executive officers (CEOs) of tech companies believe global tech spending will witness growth this year. According to CEO Survey by Nasscom, about 71 per cent chief executives expect global spend to grow over 4 per cent. The figure is significantly higher than the previous two years - 41 per cent and 59 per cent in 2019 and 2020, respectively. The survey also said the recovery in global tech spending will be led by the digital segment.
Top officials in key ministries, including finance and IT, are of the opinion that a sensitive payments system such as UPI should not be on a platform whose security is possibly compromised.
'Seen in the context of world turmoil in face of the pandemic and the Chinese 'miracle' of being the only country in the world to control it, this is not merely a 'Sputnik' moment, but a 'Sputnik Plus' moment,' argues Colonel Anil A Athale (retd).
Rather than worry about what picture of India is being painted in the foreign media, the focus must be on marshalling all our energies to provide relief and solace to our deeply wounded and dispirited citizens, says former foreign secretary Shyam Saran.
The satellite used in the mission was one of India's existing satellites operating in lower orbit.
'The loss of Chinese internet company Byte Dance, mother company of TikTok, could be as high as USD 6 billion after the Indian government banned 59 Chinese apps, including TikTok following deadly border clash between India and Chinese troops last month,' reported Global Times citing sources.
Sahai, who did his master's in economics from the University of Delhi, is currently head of Citi's Securities and Fund Services business.
TikTok has stressed that its US user data is already stored on US-based servers and backed up in Singapore, and is therefore not subject to Chinese law as some US officials have feared.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
There is a high demand for IT professionals who can envision, design and develop applications for the future.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
The external affairs minister, delivering the Sardar Patel Memorial lecture, also made it clear that any attempt to unilaterally change the status quo of the Line of Actual Control (LAC) is 'unacceptable' to India.
China on Friday hiked its defence budget to $209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.
India needs to follow countries such as Singapore who have and are further bolstering their cyber security apparatus.
To land a job in a competitive field, graduates must go beyond the obvious and prepare extensively, adbises Vijay Gupta, director-global human resources, Rahi Sytems, a global IT services and solutions company.
Singh said the nation and the society as a whole are gradually getting conditioned to look at things in the eye instead of getting confused by duplicities.
Leadership, teamwork, communication, productivity, and wellness skills are essential for every employee's success.
The biggest fear many of the e-commerce firms have is the possible requirement to change business models overnight, which would drastically increase costs as well as disrupt businesses.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The number of terror incidents in Jammu and Kashmir has shown significant decline since the abrogation of Article 370 in August 2019, the Lok Sabha was informed on Tuesday.
Water is going to be a central part of the government's 2024 election campaign. And Gajendra Singh Shekhawat's work will be crucial for it.
The government, however, dismissed allegations of any kind of surveillance on its part on specific people, saying it 'has no concrete basis or truth associated with it whatsoever'.
Observing that Laxman rekha of separation of power is 'sacrosanct,' Chief Justice of India N V Ramana Friday said at times courts are compelled to intervene in the interest of justice and the intention is to nudge the executive, and not to usurp its role and they should not be projected as judiciary targeting another institution.
Air Chief Marshal R K S Bhadauria said that the IAF is prepared to deal with a two-front war along the northern and western borders if such a scenario arises.
The IAF had said that during the aerial engagement on February 27, one of its MiG-21 Bison shot down a F-16.
Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
The elephant in the room will permeate the conversations, predicts Rup Narayan Das.
Sectoral cyber security teams to be set up to curb attacks, cyber coordination centre likely be set up in New Delhi by June.
'We felt it is our responsibility to stand by the farmers' and extend support of the whole of Maharashtra, Shiv Sena and Uddhav Thackeray saahab'
In the early part of the Kargil operations, the army opted to more or less go it alone, sacrificing large numbers of men and officers in almost superhuman struggles against an enemy on higher ground. Some generals seem to think their predecessors would have succeeded better if they had had air resources at their disposal, points out David Devadas.
'IM has expanded its area of operations into Nepal, which is now the biggest hub for IM operatives.'
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