Why in the news?
A US federal judge struck down former President Donald Trump’s controversial $100,000 fee on new H-1B visas, ruling that the measure amounted to an unlawful tax that could not be imposed without Congressional approval.
What is the H-1B Visa Programme?
- The H-1B visa is a non-immigrant work visa issued by the United States.
- It allows US employers to hire foreign workers in speciality occupations requiring at least a bachelor’s degree and Specialised knowledge.
Major Sectors
- Information Technology (IT), Engineering, Healthcare, Finance, Consulting, and Research
Annual H-1B Cap
- General Cap: 65,000 visas annually for most private employers.
- Additional Cap: 20,000 visas reserved for holders of advanced degrees from US institutions.
Cap Exempt Entities
- The following can file H-1B petitions throughout the year: Universities, Non-profit research organisations, and government research institutions.
In the context of India, which of the following factors is/are contributor/contributors to reducing the risk of a currency crisis? (2019)
- The foreign currency earnings of India’s IT sector
- Increasing the government expenditure
- Remittances from Indians abroad
Select the correct answer using the code given below.
(a) 1 only
(b) 1 and 3 only
(c) 2 only
(d) 1, 2 and 3
