Author: admin

  • Mutual fund industry saw meteoric rise in 2024, AUM increased by Rs 17 lakh crore

    mutual funds

     Mutual fund industry saw meteoric rise in 2024, AUM increased by Rs 17 lakh croreIANS

    The Indian mutual fund industry saw a meteoric rise in 2024, as the assets under management (AUM) of all MF schemes increased by more than Rs 17 lakh crore this year.

    According to data from the Association of Mutual Funds in India (Amfi), the mutual fund industry’s AUM was Rs 68 lakh crore at the end of November 2024, which is Rs 17.22 lakh crore or 33 per cent more than the December 2023 figure of Rs 50.78 lakh crore.

    The mutual fund industry’s AUM has increased by more than Rs 37 lakh crore in the last four years.

    AUM increased by Rs 11 lakh crore in 2023, Rs 2.65 lakh crore in 2022, and about Rs 7 lakh crore in 2021.

    The AUM of the mutual fund industry was Rs 50.78 lakh crore in December 2023, Rs 40 lakh crore in December 2022, Rs 37.72 lakh crore in December 2021 and Rs 31 lakh crore in December 2020.

    Apart from this, the number of folios at the end of November 2024 was 22.02 crore, which was 16.89 crore in January. This shows an increase of 5.13 crore in the number of folios.

    The figures for December 2024 have not been added to this, as they will be released in the first week of January 2025.

    mutual funds

    Mutual fund industry’s AUM has increased by more than Rs 37 lakh crore in the last four yearsFlickr

    According to AMFI data, about 174 open-ended schemes were added in 2024. The total number of schemes was 1,552 in November. It was 1,378 in January.

    This year, the highest number of 3.76 crore new folios were added to equity mutual fund schemes. Followed by 1.17 crore folios were added to the Fund of Funds investing in index funds, gold ETFs, other ETFs, and foreign funds.

    Apart from this, 19.42 lakh folios were added to hybrid mutual funds in 2024. At the same time, 1.87 lakh folios were added to solution-oriented mutual funds.

    Meanwhile, during this period, the number of folios in debt mutual funds declined by 3.11 lakh.

    (With inputs from IANS)

  • OnePlus Nord Buds 3 review: ANC meets bass on budget

    OnePlus Nord Buds 3 review

    OnePlus Nord Buds 3 review

    OnePlus Nord Buds 3, launched on September 17, carved a niche in the budget TWS market. While they lack some features of the Nord Buds 3 Pro, their performance stands out for casual users prioritizing battery life and comfort over audiophile-grade sound. Let’s take a deeper look at what the earbuds have to offer at a competitive price point.

    Design and comfort

    The Nord Buds 3 features a minimalist stem design with matte finishes that resist fingerprints and smudges. Their IP55 rating protects against dust and light splashes, making them ideal for outdoor activities and light workouts. At just 4.4 grams per earbud, they feel incredibly light, allowing for comfortable extended use. The charging case, though slightly bulkier than competitors, feels sturdy and has a satisfying magnetic snap.

    Thanks to their ergonomic design and lightweight build, the earbuds fit snugly without causing discomfort during extended use. The three ear tips included in the box ensure they suit a wide variety of ears.

    Audio Performance

    Powered by 12.4mm titanium-coated drivers, the earbuds deliver balanced audio. The sound has a punchy bass, making them ideal for genres like pop, EDM, and Bollywood hits. Vocals remain clear, and the highs are crisp but feels a bit harsh.

    The ANC is surprisingly effective for the price, blocking out low-frequency noise such as air conditioners or distant traffic. The Transparency Mode is handy for quick interactions without removing the earbuds.

    The earbuds are compatible with Bluetooth 5.3, ensuring fast and stable connectivity. There was no issue connecting the earbuds to OnePlus phones or iPhones once paired. The HeyMelody app adds customization options, like EQ adjustments, firmware updates, and finding misplaced earbuds. It is a must-have app, at least while setting up the earphones just to get the equaliser settings right.

    The low-latency mode (94ms) is a bonus for gamers, though it’s available only on select devices. Unfortunately, there’s no multipoint connectivity, meaning you can’t connect to two devices simultaneously.

    Battery Life

    Battery life is a strong suit. The earbuds offer 7 hours per charge, while the case extends it to a total of 36 hours. With fast charging, just 10 minutes of charging delivers 5 hours of playback. For those on the go, these earbuds are just ideal.

    Verdict

    Priced at ₹2,299, the Nord Buds 3 strikes a balance between affordability and features. While sound quality and ANC may not rival premium models, the battery life, comfortable fit, and connectivity options make them a solid choice for budget-conscious buyers. For those willing to spend more, the Nord Buds 3 Pro offers an upgraded experience at ₹3,299.

    Pros:

    • Impressive ANC for the price
    • Punchy bass
    • Excellent battery life and fast charging
    • Comfortable design and lightweight

    Cons:

    • No multipoint connectivity
    • Limited codec options
    • Lacks clarity
    • Slightly bulky case

  • Loan Recover Rule: From Whom Does Bank Recover Loan after the Death of Loan Taker ?


    – Advertisement –

    Have you ever wondered that if a person takes a home, car or any other loan from a bank and due to some reason during the loan period, that person dies suddenly, from whom will the bank recover the loan?

    Many people believe that if the person taking the loan dies, then the bank waives off the loan. However, this is not true. The bank recovers the loan even after the death of the person taking the loan. Let us know from whom the bank recovers the loan.

    – Advertisement –

    Home Loan 

    In case of home loan, if the person taking the loan dies, the bank first contacts the co-borrower. It asks him to repay the outstanding loan. If no co-borrower is present, the bank turns to the loan guarantor or legal heir for repayment. If the person has insured the loan, the bank asks the insurance company to pay the loan. If all these options are not available, the bank is free to auction the property to recover the outstanding loan.

    Car Loan

    In case of the borrower’s death during the car loan tenure, the bank approaches the borrower’s family to recover the remaining amount. If the legal heir refuses to pay the remaining loan amount, the bank has the right to take back the vehicle and sell it at auction to recover its losses.

    Personal and Credit Card Debt

    Unlike secured loans, in case of unsecured loans, such as personal or credit card loans, if the borrower dies during the loan tenure, the bank cannot pressurize the legal heirs or family members for the outstanding amount. If a co-borrower is present, the bank can initiate recovery proceedings against that person. However, in the absence of a co-borrower and in the absence of any alternative means to recover the loan, the bank puts this loan into a non-performing asset (NPA).

    Related Articles:-

    Flight Luggage Rules: Major change in the rules of luggage in flight, now passengers can carry only one bag…

    Railways Chart Timing: Railways is preparing to make changes in chart timing, Check Details

    ESIC upgrades IT systems to Improve its Service Delivery system for Better Healthcare Services


    – Advertisement –

  • Indian markets to deliver positive returns for 9th year in a row, outperform US

    Sensex, Nifty close at all-time high, led by metal and auto shares

    Indian markets to deliver positive returns for 9th year in a row, outperform USIANS

    Driven by strong fundamental and robust economic growth, the domestic benchmark indices are set to give positive returns in 2024 for the ninth consecutive year.

    As per a report by Standard Chartered bank, 2024 was a year of two distinct halves for Indian equities and bonds. While the first half saw strong growth, supported by robust economic activity and corporate earnings, second half was marked by volatility amid consolidation.

    “2024 was a year of two halves with H1 seeing strong performance of Indian equities and bonds on strong economic growth and corporate earnings delivery. However, H2 witnessed a surge in volatility,” according to the report.

    Despite this, Nifty 50 index has gained 9.21 per cent while the Sensex index rose by 8.62 per cent.

    Another report by Motilal Oswal said that Indian equities have outperformed US markets over the past 35 years, as investments in the Indian equity markets growing by nearly 95 times since 1990.

    If someone had invested Rs 100 in Indian stock markets in 1990, it would have grown to Rs 9,500 by November 2024. In comparison, Rs 100 invested in US stock markets during the same period would have grown to Rs 8,400, according to the report.

    Moreover, gold delivered a return of 32 times during the same period.

    Sensex snaps five-day losing streak, Nifty closes above 24,300

    Gold delivered a return of 32 times during the same periodIANS

    According to another report by Motilal Oswal Wealth Management, after a subdued earnings performance in the first half of FY25, earnings are expected to recover in H2, driven by increased rural spending, a buoyant wedding season, and pickup in government spending.

    “We further expect earnings to gain momentum, delivering a 16 per cent CAGR over FY25-27E. Moreover, the recent market correction and the moderation in valuations offer an opportunity to add selective bottom-up stock ideas,” it mentioned.

    “We remain optimistic about the long-term trend, given the strength of corporate India’s balance sheets and the prospects for robust, profitable growth,” the report noted.

    (With inputs from IANS)

  • Azerbaijan Airlines flight with 67 onboard crashes in Kazakhstan, 27 survive

    Azerbaijan Airlines flight with 67 onboard crashes in Kazakhstan. 27 people are believed to have survived the crash.
    Azerbaijan Airlines flight with 67 onboard crashes in Kazakhstan. Photo Courtesy: X page video grab

    At least 27 people are believed to have survived after a passenger plane flying from Azerbaijan to Russia crashed near Kazakhstan’s Aktau city on Wednesday, media reports said.

    The plane, which was operated by Azerbaijan Airlines, was carrying 62 passengers and five crew on board.

    An unverified video of the incident has gone viral on social media, where an aircraft could be seen bursting into flames after crashing to the ground.

    Kazakh Emergency Situations Ministry said in a statement as quoted by Sputnik news agency: “A plane flying from Baku to Grozny crashed at the Aktau airport. Fifty-two personnel and 11 units of equipment of the Ministry of Emergency Situations of Kazakhstan arrived in Aktau at the crash site.”

    “Upon arrival, the aircraft was found to be on fire. Rescue units began extinguishing the fire,” the statement said.

    The Ministry said in the statement: “[A total of] 27 were taken to hospital, including three children.”

    According to Russian media reports, the survivors have been taken to a hospital. Azerbaijan Airlines said in a statement: “Additional information will be provided to the public regarding the incident.”

    In the statement posted on Facebook, the Airlines said flight J2-8243 was en-route from the Azerbaijani capital Baku to Grozny in Russia when it crashed approximately 3 km from Aktau.

    The Airlines, however, said no child was flying in the plane.

    In an X post, the Airlines said: “There were 67 people on board, including 62 passengers and 5 crew members. There were no children among the passengers, and information about the injured will be provided shortly. According to the information, there are survivors who are receiving initial medical assistance.”

    The exact cause of the crash is still not known.

  • Indian telecom industry’s revenue doubled in 5 years, Bharti Airtel biggest gainer

    Indian telecom industry's revenue doubled in 5 years, Bharti Airtel biggest gainer

    IANS

    The revenue of India’s telecom industry increased 8 per cent (quarter-on-quarter) to Rs 674 billion (13 per cent growth year-on-year) in the second quarter of FY25, mainly driven by tariff hikes, according to a new report.

    Driven by three rounds of smartphone tariff hikes, India’s quarterly telecom revenue has almost doubled (up 96 per cent) since September 2019, implying 14 per cent five-year industry revenue CAGR, according to the report by Motilal Oswal Financial Services Ltd.

    Given the consolidated market structure in the Indian telecom industry, higher data consumption, lower ARPU, and inadequate returns generated by telcos, “we expect tariff hikes to be more frequent. We build in 15 per cent tariff hike in December 2025.”

    The telecom industry’s average revenue per unit (ARPU) has almost doubled from Rs 98 in September 2019 to Rs 193 in September 2024, driven by tariff hikes.

    However, as a result of sharp tariff hikes, the industry’s subscriber base at 1.15 trillion in September 2024 is lower than September 2019 levels (1.17 trillion).

    Bharti Airtel

    blog.stockedge.com

    Among telcos, Bharti Airtel has been the biggest beneficiary of tariff hikes with a 2.2 times increase in implied ARPU, registering a 17 per cent five-year CAGR.

    “We believe the significant improvement in the data subs proportion has also been a key driver for Bharti’s industry-leading ARPU,” said the report.

    Over the reporting period from 2019-2024, Bharti’s revenue has increased 2.6 times, implying 21 per cent five-year revenue CAGR, with incremental revenue market share significantly higher at 48 per cent.

    “With Vi’s (Vodafone Idea) large capex plans, we believe the pace of market share gains may slow down. However, RJio and Bharti are still likely to continue gaining market share at Vi’s expense, in our view,” the report noted.

    (With inputs from IANS)

  • 6 key technology trends affecting the security sector in 2025 – CRN

    6 key technology trends affecting the security sector in 2025 – CRN

    By Johan Paulsson, CTO, Axis Communications, Mats Thulin, Director Core Technologies, Axis Communications and Thomas Ekdahl, Engineering Manager, Axis Communications

    We’ve once again reached the time of year when we look ahead to some of the technology trends that will affect the security sector over the coming 12 months. The pace of change is as fast as ever.

    Some of the trends are evolutions of those we’ve seen in previous years. An obvious one is the continued interest in how AI will be applied in our sector, and we’ve highlighted some of the new considerations that will need to be addressed moving forwards. Others are new, or even a resurgence of topics we may not have focused on for a while.

    National and regional legislators will once again try to keep pace with technological innovation. AI, cybersecurity, privacy, the need for resilience in critical entities… All these (and more) will be the focus of proposed and new regulation. We haven’t highlighted this as a specific trend, but it’s no less a priority and something every organisation will need to respond to.

    We believe that within all of these trends lies significant opportunity for the sector. For our customers that means enhanced capabilities, more flexibility, greater efficiency and increased value.

    Hybrid solutions: the foundation for freedom of choice

    In previous years we’ve highlighted how hybrid architectures – those making best use of edge, cloud, and on-premise technologies – have become the de facto choice for security solutions.

    The drivers for the choice of architecture will be unique to every organisation, taking into account technological, legal, ethical and governance concerns and requirements. The environment is evolving quickly, and therefore freedom of choice is imperative.

    Hybrid solutions give freedom of choice in how to store, view, and analyse video, or manage devices. A combination of edge, cloud, and on-premise technologies can deliver an optimal total system solution, or its flexibility used to choose the specific instance preferred.

    Whether demanded by emerging local and regional regulations or concerns over control of data, cost, or energy efficiency, hybrid solutions will continue to offer the greatest flexibility in creating architectures to best suit specific organisational needs and allow a system to be
    scaled.

    AI evolution alongside AI efficiency
    Development within the field of AI continues to race ahead. Deep learning technologies are the bread and butter of most analytics solutions within the security sector, while newer generative AI technologies are rapidly maturing. There is still a lot of hype in certain areas but real applications of generative AI in the security sector are becoming available. Each step of evolution brings with it a new set of opportunities, but also ethical, legal, and corporate considerations.

    Generative AI models are large and require much compute capacity to execute, which creates a debate in how to balance the cost of AI (both in terms of financial investment, but also in terms of energy use and environmental impact) with its value. A lot of effort is being put into reducing the size of the models while maintaining the quality of results. The increased use of AI technologies only reinforces hybrid architectures as the standard.

    The various ‘flavors’ of AI – from deep learning-based object recognition to generative AI – either demand or benefit from being applied at different places in the value chain, and in specific environments. Generative AI can assist operators in interacting with security solutions in natural language but, for the foreseeable future at least, require significant processing power. Conversely, deep learning-based analytics such as enhanced object recognition can be performed within surveillance cameras themselves.

    Eventually this will enable generative models to be, at least partly, run on cameras with high- quality results. At the same time the models are improving in quality with regards to ethical aspects, bias, hallucinations, and the risk of making the wrong decisions.

    Over time there is a big opportunity to dramatically change the efficiency and effectiveness of security operations. Algorithms will be able to understand what is happening in a scene and react to anomalies, based on the analysis on different types of input data, including but not limited to visual information. Input data will come from radar, audio, and numerous other sensors. This will create solutions that enable increasingly proactive capabilities and generate valuable insights in security scenarios for long term planning.

    Beyond safety and security becomes real
    The application of increasingly advanced computer vision, audio, access control and other connected technologies continues to serve security and safety use cases. Greater accuracy of analytics through the application of AI – particularly in object recognition – means that incidents can be responded to more quickly and effectively than ever before.

    What is also clear is that the data generated by sensors of all types – video, audio, environmental, and more – can benefit numerous use case beyond the traditional. While still a relatively small part of the market, we expect to see an acceleration of applications aligned to operational efficiency and business intelligence.

    This trend highlights the opportunities for increased collaboration across customer
    organisations. Technology being sourced or specified for one use case could well be used in another area of a business’s operations. For instance, data being created by video cameras employed principally for security purposes can be analysed over time to improve customer or employee experience, sustainability, or process efficiency.

    Through the high-quality hardware platforms available, the pace of development and innovation is astounding. Hardware vendors that foster an open and collaborative ecosystem of application developers and system integrators will bring greatest value to customers most quickly.

    The “rebirth” of image quality
    It may be counterintuitive to suggest that a focus on image quality is a trend in the sector, where many would assume it’s always been a priority (which, of course, it has). The trend is in how the images from visual sensors are being used, and with that the increased opportunities that better image quality brings.

    The paradigm shifts when we consider that images are now often being initially viewed and analysed by computers rather than humans, and that images are being viewed continuously, rather than when an incident of interest has taken place.

    Advances in analytics and AI mean that a higher resolution image will inevitably lead to a better result, whatever the use case. Object recognition will be more accurate and more detailed data (and metadata) created. The drive towards even better image quality has been reignited.

    With this has come opportunities for efficiency as well as effectiveness. A single camera producing much higher image quality can cover as large an area as multiple cameras would
    have been needed for previously. Higher resolution images also support analytics, for instance in large crowds, busy traffic intersections, or fast-moving production lines.

    The human is still very much “in the loop”, as the saying goes. Operators will be automatically alerted to scenes they need to pay attention to, increasing efficiency and effectiveness of a response. Image quality as a focus will also place keen attention on the maintenance of surveillance cameras – still often a manual task – as small obstructions can have a significant impact on analysis.

    The long-term value in products comes through software support
    At the higher end of the security sector, the quality of hardware has been improving year-on- year. Today, hardware devices can be of such high-quality – particularly in terms of performance and capabilities – that expectations about their lifetime are greater than ever.

    But while quality hardware can last for many years – as illustrated by the length of warranties – the defining factor in a camera’s functionality, including cybersecurity, and therefore its lifetime value, comes through ongoing software support.

    Vendor commitments to support software throughout the expected lifetime of the hardware are essential; software that continues to enhance and build on the capabilities of the camera and keep it as secure as possible.

    This also underpins the total cost of ownership of hardware. An investment in better quality camera, with comprehensive software support throughout its lifecycle, will ultimately be a more effective and efficient solution.

    Technology autonomy to the customer’s benefit
    Our role, and that of our partner ecosystem, is ultimately to focus on meeting the needs of customers. Technology for technology’s sake serves nobody’s purpose – innovations must be aligned to the priorities of the end user.

    This clearly means supporting customers’ goals in safety and security, operational efficiency, and business intelligence. But it also means supporting their cybersecurity posture, commitment to sustainability through energy efficient solutions, and flexibility and freedom of choice via open standards-based technologies and platforms.

    Technology vendors with more autonomy over their core technologies are clearly best placed to support these customer requirements. Greater control over foundational technology, from the silicon “upwards”, will allow a vendor to design specific capabilities and functionality aligned to customer needs into its products. Such an approach to core technology ownership will also allow a vendor to stand by commitments of being “secure by design”.

    Furthermore, greater control of technology – at a component or even material level – is an important prerequisite to more effectively mitigate the risks of broader disruption to global supply chains. This enhances the ability to meet the requirements of customers, when they are needed.

    We’re already seeing companies that would have traditionally been seen as software vendors designing their own semiconductors to gain more control over their service delivery – particularly in the area of AI – and we foresee this trend continuing in all sectors. Core technology independence is a trend we’re proud to say we’re some way ahead of, having developed our own system-on-chip, ARTPEC, for the last 25 years.

    So, there you have it, our take on some of the trends that will shape the security sector in 2025. We’re sure you’ll have views on these and maybe some other trends of your own. We’d be delighted to continue the discussion on this with you.

  • AI will start generating new revenue streams in 2025, assert experts

    artificial intelligence.(photo:Pixabay.com)

     AI to generate new revenue streams in 2025, innovate business processes: ExpertsPixabay.com

    Enterprises will reimagine business processes and value streams with AI agents in 2025, while taking into consideration the practical and ethical challenges, industry experts have said, adding that it will be the year of small language models, scaled reasoning and business value realisation.

    In the coming year, AI agents will generate new revenue streams, innovate business processes across industries, boosting profitability, operational efficiency, and customer experience.

    “Humans will increasingly take on roles where they set up agentic teams, plan agentic workflows, and validate work done by AI Agents,” said Sandhya Arun, Chief Technology Officer, Wipro.

    According to Mohammed Rafee Tarafdar, CTO of Infosys, in 2025, we will see a lot of AI initiatives that are currently under rollout, to be scaled across enterprises, and businesses will start realising some measurable business value along the lines of cost, growth, better experience, and risk protection.

    Brain Implant, AI Offers Hope To Paralysed Patients To Speak Via Computer

    Robots and Medical Devices to Become Increasingly AutonomousIANS

    “We are seeing increased investments in scaling inferencing which improves the reasoning capabilities, thereby enabling the agentic systems to be used to eliminate tasks and re-engineer the processes,” Tarafdar mentioned.

    As the small language models become more specialised and can deliver higher accuracy at lower cost, the adoption of these models in enterprises is likely to accelerate.

    Prativa Mohapatra, Vice President and Managing Director, Adobe India, said that fuelled by a healthy enterprise business, vibrant creator community, and upcoming technological advancements, 2025 represents a year of extraordinary opportunity.

    “We are committed to leading the way in harnessing generative AI’s potential responsibly and empower businesses and creators alike, setting new benchmarks in personalised customer experiences and content creation while upholding trust and transparency through our content authenticity programmes,” she noted.

    The idea of software-defined capabilities, which originated with cloud technology, has now evolved across various machines like vehicles and robots.

    “In 2025, software defined machines will be powered by AI and ML and make informed decisions. We will witness an increase in autonomous machines with over-the-air (OTA) updates,” added Arun.

    Autonomous industrial robots will proliferate, and software-defined medical devices will evolve towards autonomous preventive maintenance and self-healing with minimal human intervention and down time.

    Augmented analytics will enable citizen users to gain access to intelligent insights from ready-to-use data visualisations for faster and informed decision making. Data marketplaces will grow across industries and industry ecosystems to unlock new revenue streams, said experts.

    (With inputs from IANS)

  • CareerQuest 2024 at DPS R.N. Extension: A Resounding Success

    CareerQuest 2024 at DPS R.N. Extension: A Landmark Success24 December 2024: Delhi Public School, R.N. Extension, proudly hosted CareerQuest 2024 on December 21, 2024, an event that proved to be a pivotal step in empowering students and parents to make well-informed career choices. The event was a vibrant confluence of ideas, guidance, and opportunities, drawing students, parents, and educators from across the region.

    The highlights of CareerQuest 2024 included an engaging University Showcase, where representatives from prestigious institutions such as Central University Queensland, Australia; Laurier University, Canada; Stony Brook University, USA; Chandigarh University; Monash University, Australia; Ashoka University; Plaksha University; Chitkara University; FLAME University; and the Indian Institute of Art and Design (IIAD) shared insights about academic programs and career pathways.

    Nine eminent speakers from diverse industries participated in panel discussions, shedding light on emerging trends and future possibilities. The event also featured interactive workshops tailored to help students develop essential skills and explore potential career options. With ample networking opportunities, attendees connected with professionals and university representatives, leaving with valuable knowledge and inspiration to guide their career journeys.

    Commenting on the event’s success, Ms. Pallavi Upadhyay, Principal, DPS R.N. Extension, said, “CareerQuest 2024 has been a remarkable platform to inspire and empower our students. At DPS, we are committed to providing holistic education and guiding our students toward informed career choices. This event reflects our dedication to nurturing their dreams and aspirations, equipping them with the knowledge and confidence to succeed in a dynamic world.”

    CareerQuest 2024 reaffirmed DPS R.N. Extension’s commitment to fostering informed and confident decision-making among students, ensuring they are well-prepared to navigate their futures.

  • H1B Visa For Indian: H-1B visas face uncertainty during Trump’s 2nd term

    H1B Visa For Indian: To temporarily hire highly educated people from outside the US in specific occupations, American companies have to sponsor them on H-1B visa. The number of Indians working on H-1B visa in America is quite high. 

    According to reports, Indians accounted for 72.3 percent of the 3 lakh 86 thousand H-1B visas issued in 2023. From this, it can be estimated how much this visa matters to Indians.

    – Advertisement –

    The validity of H-1B visa is usually for three years, which can be extended for three more years, but now the picture may change as President-elect Donald Trump will implement his policies after taking over as US President. He has already been targeting immigrants and especially illegal immigrants.

    H-1B Visa may be difficult for new applicants!

    Donald Trump has promised to launch the biggest deportation drive in America, which on one hand has created panic among illegal immigrants, while on the other hand the fear cannot be ruled out that Trump can also take a tough stand on legal immigrants i.e. H-1B and F1 visa holders etc.

    A lawyer from Washington DC says that this time people can get H-1B visas for a month or more instead of years. In fact, TOI has spoken to her to know people’s opinion regarding Trump’s mass deportation plan.

    According to a TOI report, the next four years of the Trump administration could be difficult for those living in the US in violation of visa rules as vigilance is likely to be increased. At the same time, immigration lawyers said that increased scrutiny, stricter salary requirements and more rejections for H-1B could make it difficult for new applicants and those seeking extension.

    Will H-1B visa be available even for one month?

    According to the report, Washington DC immigration lawyer Janetha R Kancharla said, “More visas were rejected during Trump’s previous term as well. There was an increase in RFEs (Request for Evidence) and H-1B visas were approved for a shorter period. We may see the same thing being repeated.”

    He said, “This time people can get H-1B visas only for the duration of their project, a month or so instead of years. The same applies to OPT (Optional Practical Training) as STEM OPT is proposed to be reduced from three to one year.”

    Indian-American shared his ordeal

    Some of those whose visas are about to expire are already planning to leave the country. According to the report, C Sneha, who lives in Maryland, said, “My F-1 visa is barely 15 days away from expiry. Though my H-1B visa was selected, my employer is refusing to give an employment verification letter because it is worried about being audited by the US government. I don’t want to stay back and risk being banned. So I have decided to go to Hyderabad in December.”

    What is H-1B Visa?

    The H-1B visa allows US employers (companies) to temporarily employ highly skilled non-immigrant workers in specialty occupations. These occupations usually require a bachelor’s degree or its equivalent in a specific field. H-1B specialty occupations may include fields such as engineering, mathematics, physical sciences, architecture, social sciences, medicine and health, education, accounting, law, business specialty, theology, and the arts.

    The H-1B visa is generally valid for three years and can be extended for a total of six years. To do this, the employer has to refill Form I-129 on behalf of the employee and file it with all supporting documents. He has to pay a filing fee.

    Related Articles:-

    Delhi CM Atishi To Be Arrested Soon In Fake Case, Claims Arvind Kejriwal

    Mahakumbh Special Flights: Special flights started from this city for Mahakumbh, Know the timing here

    Rupee vs Dollar: Advantages and Disadvantages of Fall in Value of Rupee against Dollar


    – Advertisement –