Business Today: US Court Strikes Down $100K H-1B Visa Fee, Markets Open Higher | India Today News
A US federal court has struck down the controversial $100,000 H-1B visa fee, ruling it an unauthorized tax. The decision brings significant relief to Indian
A US federal court has struck down the controversial $100,000 H-1B visa fee, ruling it an unauthorized tax. The decision brings significant relief to Indian tech professionals, who are the largest beneficiaries of the H-1B program. The fee hike, implemented via an executive order, was challenged by a coalition of district attorney generals for lacking congressional approval. In a related development, the US is set to monetize B-1 and B-2 visa delays by introducing a premium expedited service.
Applicants can pay a $750 fee to secure visa interviews within ten days, with the pilot program starting on July 1. Meanwhile, Indian equity markets opened higher, supported by a 24-paise appreciation in the rupee against the US dollar. Market experts advised investors to accumulate stock-specific ideas in sectors like power, infrastructure, and pharma. Additionally, industry leaders shared an optimistic outlook on the UAE real estate market, citing infrastructure investments and the decision to exit OPEC as key growth drivers.
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