Skip to content
Search

Latest Stories

H-1B visas: Jaitley stresses Indians' role in US

INDIA'S finance minister Arun Jaitley has raised the issue of H-1B visas with US commerce secretary Wilbur Ross as he highlighted the role of highly skilled Indian professionals in America, Indian officials said.

Earlier this week, US president Donald Trump said he was looking to stamp out "abuses" of the time-limited work permits, which are widely used in the US high-tech sector.


Intended for scientists, engineers and computer programmers, H-1B visas have become an important gateway for many Indian prefessionals drawn to Silicon Valley.

The United States issues 85,000 each year.

Jaitley met Ross yesterday (April 20) in Washington DC, where the Indian minister stressed the contribution of skilled Indians in the US.

The Trump administration argues that the current system has led to a "flood" of relatively low-wage, low-skill workers in the tech sector - and in doing so has harmed American workers.

"We believe jobs must be offered to American workers first," Trump said.

The US Chamber of Commerce voiced immediate reservations: While it agreed there was room for improvement of the H-1B program, it warned the Trump administration not to do away with it altogether.

"It would be a mistake to close the door on high-skilled workers from around the world who can contribute to American businesses' growth and expansion and make the US more competitive around the world," the business lobby said in a statement.

Jaitley is in the US with a delegation to attend the annual spring meeting of the International Monetary Fund and the World Bank.

The finance minister is scheduled to hold meetings with his counterparts from the US, Australia, France, Indonesia and Sweden as well as Bangladesh and Sri Lanka.

More For You

Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less
Rachel Reeves

'Our economy isn't broken, but it does feel stuck,' Reeves said, speaking alongside the release of a finance ministry report on business property taxation, known as rates.

Getty Images

Reeves signals possible changes to business property taxes ahead of budget

CHANCELLOR Rachel Reeves said on Thursday she is considering changes to business property taxes to support small firms looking to expand, as part of her plans to boost growth.

Reeves’ comments come ahead of her annual budget on November 26, at a time when concerns about possible tax rises and inflation are weighing on businesses and households.

Keep ReadingShow less
Rachel Reeves

Reeves pledged to keep a tight hold on spending to reduce inflation and borrowing costs amid concerns over Britain’s fiscal outlook.

Getty Images

Reeves urges ministers to back Bank of England on inflation

CHANCELLOR Rachel Reeves has said the government must support the Bank of England in bringing down inflation while also focusing on growth, ahead of a budget later this year that is expected to include tax rises.

Last week, Reeves said the economy was not “broken” as she announced November 26 as the date for her annual budget.

Keep ReadingShow less