US Lawmakers, IT Industry Oppose Ban On H-4 Visas For Spouses Of H-1B Visa Holders

Agencies
April 25, 2018

Washington, Apr 25:  Influential lawmakers and representative of the American IT industry, including Facebook, have opposed the Trump administration's proposed plan to withdraw work permits to H-4 visa holders, who are spouses of H-1B visa holders.

"Rescinding this rule and removing tens of thousands of people from the American workforce would be devastating to their families, and would hurt our economy, Silicon Valley-based FWD.US, which was founded by top IT companies like Facebook, Google and Microsoft, said in a report released yesterday.

It comes a day after the American media reported a letter from the US Citizenship and Immigration Services about its decision to terminate the Obama-era regulation that granted work permits to H-4 visa holders, a majority of whom are Indian professionals, and are mostly women.

"This policy is important because it allows certain individuals to secure gainful employment without having to wait for their spouses to receive permanent residency, many of whom are experiencing a processing backlog of more than a decade," FWD.US argued.

Roughly 80 per cent of H-4 visa holders are women, and many had successful jobs and held advanced degrees in their native countries before coming to the US with their H-1B spouses, it said.

Without the H-4 work authorisation rule, the spouses of H-1B high-skilled employees would be unable to work legally and contribute financially to their households and communities, as well as pay taxes on their wages, unless they had alternate immigration avenues for work authorisation, FWD.US added.

"H-4 work authorisation has allowed an estimated 100,000 people to begin working and further integrate into their communities," the report quoted a group of 15 top American lawmakers from California as saying.

In a letter to Homeland Security Secretary Kirstjen M Nielson, the lawmakers argued that the Obama-era H-4 rule lessened the burden on thousands of H-1B recipients and their families while they transition from non-immigrants to lawful permanent residents by allowing their families to earn dual incomes.

Many entrepreneurs used their Employment Authorization Documents (EADs) to start businesses that now employ US citizens. "Eliminating this benefit removes an important incentive for highly skilled immigrants to remain here to invest in and grow our economy to the benefit of all Americans," the letter signed by, among others, Congresswoman Anna Eshoo and Congressman Raja Krishnamoorthi, said.

"The H-4 rule is a matter of both economic competitiveness and maintaining family unity. The United States has already invested in these workers with years of expertise and we should not be sending them abroad to innovate and use their experience and talents against US businesses. We ask that you reconsider the revocation of the H-4 rule," the lawmakers said in the letter dated March 5.

As the issue affects a large number of highly qualified Indian professionals, mostly women, the Indian Embassy too has been engaging with lawmakers and officials of the Trump Administration.

"Eliminating work authorisation for roughly 100,000 H-4 visa holders, most of whom are educated women like me, will hurt our country and have negative consequences on tens of thousands of American families. We must protect legal immigration channels that will help the US remain at the forefront of innovation for generations to come," said Dr Maria Navas-Moreno, Co Founder of Lever Photonics and an H-4 visa holder.

As employers continue to navigate the outdated immigration system, the administration should "reconsider its likely rescission" of the H-4 visa rule, that granted work authorisation to a limited subset of spouses and was critical in helping employers recruit and retain a high-skilled workforce, as well as in keeping the United States competitive in the global innovation race, Government Affairs at the Information Technology Industry Council director Karolina Filipiak said.

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Agencies
March 15,2020

New Delhi, Mar 15: The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase the security of card transactions. These rules will help in curbing the misuse of debit and credit cards.

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card.

These rules will be applicable for new cards from March 16. Those with old cards can decide whether to disable any of these features.

As per the existing rules, these services used to come automatically with the card, but now it will start at the request of the customer.

Debit or credit card customers who have not yet done any online transaction, contactless transaction or international transaction with the card, then these services on the card will automatically stop from March 16.

The Reserve Bank has asked all banks to provide mobile banking, net banking option to enable limit and enable and disable service 24 hours a day, seven days a week.

If the customer makes any change in the status of the card, the bank will alert the customer through SMS/email and send the information.

Issuers shall provide to all cardholders facility to switch on/off and set/modify transaction limits (within the overall card limit, if any, set by the issuer) for all types of transactions -- domestic and international, at PoS/ATMs/online transactions/contactless transactions, etc.,

The provisions, however, are not mandatory for prepaid gift cards and those used at mass transit systems.

The latest instructions come in the wake of rising instances of cyber frauds and the huge increase in the use of cards.

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Agencies
August 1,2020

Mexico City, Aug 1: The number of people, who have died of COVID-19 in Mexico, has risen by 688 to 46,688 within the past 24 hours, Deputy Health Minister Hugo Lopez-Gatell said.

The number of victims in Mexico is now higher than in the United Kingdom, where 46,119 people have died of the disease. The largest number of fatalities - 153,311 - has been recorded in the United States, while Brazil comes second with 92,475 deaths.

Lopez-Gatell also said on late Friday that the number of confirmed coronavirus cases had increased by 8,458 to 424,637 over the past day.

A day earlier, the Latin American nation recorded 7,730 new cases of the coronavirus, with 639 fatalities.

The World Health Organisation (WHO) declared the COVID-19 outbreak a pandemic on March 11. To date, over 17.5 million people have been infected with the coronavirus worldwide, with over 677,000 fatalities, according to Johns Hopkins University.

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News Network
May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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