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Highlights: US plans to increase H-1B Visas for Indian graduates

• A new bill called HR 9023 has been introduced by an Indian-American Congressman from Michigan.
• HR 9023 Bill under the Keep STEM Graduates in America Act aims to retain foreign STEM students in the US.
• The H1-B visa process is to be modified, and the number of visas issued each year should be increased.
• The new bill also aims to simplify the H1-B visa application process for immigrants to reside and work in the US.

 

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New changes proposed to the US H1-B Visa

An Indian-American Congressman from Michigan named Shri Thanedar introduced a new bill to help foreign students stay in the US after they complete their study program. The new bill, HR 9023, launched under the Keep STEM Graduates in America Act, aims to retain students from the Science, Technology, Engineering, and Mathematics (STEM) field to stay and work in the US.

 

Under the new bill, the H1-B visa process is to be modified, and the number of visas issued per year is to be increased. The new bill also aims to simplify the H1-B visa application process and make it available to talented students willing to migrate and work in the US.

 

The US H1-B Visa

The US H1-B visa is used by the US employers to recruit foreign professionals having exceptional skills to work in The US for a specific duration. Candidates having a minimum education qualification of a bachelor’s degree are eligible for this visa. Professionals from the field of technology, engineering, finance and architecture apply for H1-B visa. Indian employees willing to work in the US mostly apply for this visa.

 

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New changes to the H1-B Visa

The following changes to the H-1B Visa are proposed under the Keep STEM Graduates in America Act:

 

• Increase in the number of H1-B visas issued annually
• The visa application process to be simplified to make it easier for the application
• More flexibility on extension policies so that graduates would have more time to find job opportunities in the US

 

Impact on International Business School Students

The current H1-B visa cap for foreign students is set at 65,000 as of 2023. The increase in the number of visas issued annually will help the graduates stay in the US, which would be beneficial for the innovation and expertise of the US. Indian students studying in the US would also benefit from these new changes.

 

The new bill has been gladly welcomed by The Foundation for India and Indian Diaspora Studies (FIIDS). They have provided the students with an extension in Optical Practical Training, which will allow them more time to find employment before settling for an H1-B visa in the US.

 

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Highlights: 4,300 Indian millionaires are to migrate to the UAE in 2024

• Recent reports by the Henley Private Wealth Migration revealed the global wealth migration trends of 2024.
• According to recent reports, 4300 millionaires will migrate to the UAE in 2024.
• India is one of the top countries reporting high-net-worth individual (HNWI) departures worldwide.
• UAE is estimated to attract an inflow of 6,700 wealthy immigrants by 2024.

 

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Indian millionaires to migrate to the UAE

According to a recent report published by the Henley Private Wealth Migration, around 4,300 millionaires are going to move to the United Arab Emirates from India this year. Indian immigrants make up one of the top ranks among countries with high-net-worth individual (HNWI) departures around the world.

 

Why is the UAE a premier destination for Indian millionaires?

The United Arab Emirates remains a top choice among Indian millionaires as the country offers zero-income tax policies, golden visa programs, and a luxurious lifestyle in a strategic location.

 

According to recent estimates, around 6,700 wealthy immigrants are to migrate to the UAE in 2024. The UAE has come up with a powerful regulatory framework that offers a range of innovative solutions to preserve, protect, and enhance the wealth of immigrants.

 

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Top investor programs preferred by Indian investors

Indian immigrants are among the top claimants for citizenship and residence via investment programs. Popular investment programs preferred by Indian investors are:

 

• Portugal’s Golden Residence Permit Program
• Greece’s Golden Visa Program
• Spain’s Residence by Investment Program
• Malta’s Citizenship by Naturalisation for Exceptional Services by Direct Investment
• Citizenship by Investment Program in Caribbean, Antigua, and Barbuda
• Grenada’s Citizenship By Investment Program

 

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Global Wealth Migration Trends

Recent reports by Henley and Partner highlighted 2024 as a vital year for global wealth immigration. It is estimated that around 128,000 millionaires will be relocating across the world in 2024, which implies a significant shift in the global landscape with widespread implications.

 

Top destinations chosen by millionaires for relocation are the United States, Canada, Singapore and Australia. These countries are expecting a significant inflow of wealthy immigrants who will contribute towards the development of the economies and job markets.

 

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Highlights: Indian students can now avail a dedicated platform for U.S. jobs and Internships

• A new platform for jobs and internships has been launched by the Consulate General of India in New York.
• The platform aims to help Indian students find jobs and internships at U.S. companies.
• The initiative is taken to support Indian students in the jurisdiction of the Consulate.
• Indian students having talent and skills will be considered for internship opportunities.

 

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New platform for jobs and internships in the U.S.

The Indian Consulate General in New York announced a new and dedicated platform for Indian students to look for jobs and internships in the U.S. The Consulate stated that the initiative is aimed to help Indian students in its administration.

 

Many American and Indian companies in the U.S. plan to offer internship opportunities to deserving students from India. Applications for internship opportunities can be made via the newly launched dedicated website. Willing students can directly apply to the companies using the details provided in the portal.

 

Note: The Consulate has no part in selecting applicants for internships and is not responsible for the same.

 

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U.S. job openings increased to a record 8.14 million in June 2024

 

Highlights: USCIS announces new U.S. Citizenship Rules for Children from July 2024

• The USCIS has announced to update the Policy Manual dealing with provisions or children's acquisition of Citizenship.
• The updates are based on decisions of the U.S. Supreme Court in Sessions v. Morales –Santana (2017).
• The USCIS is also considering public opinion to clarify other provisions related to citizenship acquisition.
• The new changes are applicable to pending or filed U.S. citizenship applications.

 

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 New changes to the U.S. Policy Guidance

The USCIS is improvising the USCIS Policy Manual, which deals with the provisions for children's Citizenship in the U.S. The new changes are based on public opinion as well as the decision of the U.S. Supreme Court in Sessions v. Morales–Santana (2017).

 

The new changes in the USCIS Policy Manual states that:

 

• Eligible candidates who were denied their Citizenship Certificate can file a motion to reopen their previous application.
• The U.S. citizen parent must meet the U.S. residency requirement before the child's birth in any immigration status.
• At least one parent should meet the physical presence requirement in the U.S. for the child to be eligible for U.S. citizenship.
• Children claiming U.S. citizenship by birth must be born to legal parents as per the jurisdiction of relevant authorities.
• S. Citizenship applicants below 18 must meet all other requirements by their 18^th birthday. They should also take the citizenship oath on their 18^th birthday (if required).
• An unexpired or valid U.S. passport or a Consular Report of Birth Abroad (CRBA) can be used as evidence of U.S. Citizenship if the candidates have acquired Citizenship by fair means.
• For nested Citizenship claims in the U.S., the immigration officer can determine the parents or grandparents if required.
• Citizenship applications filed by stepchildren of U.S. citizens and/or children who were victims of extreme cruelty do not need to provide relationship details of their U.S. Citizen stepparents.

 

The changes mentioned above are issued with immediate effect and are applicable to all pending citizenship applications or the ones filed on or after the announcement of changes.

 

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Highlights: 1800 French professionals invited via the 7th Express Entry of July 2024

• The latest Express entry draw was held on July 18, 2024.
• IRCC issued 1800 Invitations to Apply (ITAs) to candidates with French proficiency.
• The minimum CRS score required to be eligible was 400 points.
• The latest draw was the seventh Express Entry draw of July 2024.

 

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Details of the latest Express Entry draw #304

On July 18, 2024, IRCC conducted the seventh Express Entry draw of July 2024. The department invited 1800 French professionals via the latest draw. The lowest CRS score required to qualify for the draw was 400 points. Following the draw held on July 08, 2024, this was the second Express Entry draw that targeted inviting French proficiency candidates in July 2024. 

 

The table below has the details of the recent Express Entry draws held in July 2024:

Date	Draw Type	No. of ITAs	Minimum CRS Score
July 18, 2024	French Proficiency	1800	400
July 17, 2024	Canadian Experience Class	6300	515
July 16, 2024	Provincial Nominee Program	1391	670
July 08, 2024	French Proficiency	3200	420
July 05, 2024	Healthcare Occupations	3750	445
July 04, 2024	Trade Occupations	1800	436
July 02, 2024	Provincial Nominee Program	920	739

 

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