&w=3840&q=100)
UAE launches Golden Visa for Indians: How to apply? All you need to know
The UAE has rolled out a new nomination-based Golden Visa for Indians. For ₹23 lakh, eligible professionals can now secure a lifelong residency in Dubai, without buying property or owning a business. Here's everything you need to know: the price, perks, eligibility, and how to apply.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Nayara weighs legal options against EU curbs
NEW DELHI: Nayara Energy on Monday said it is exploring legal options to protect its 'operations, employees and stakeholders' from the European Union's 'unjust and unilateral' restrictions and assured assured against any supply disruption from the company's refinery in Gujarat. 'We are actively exploring all legal and appropriate avenues to address this situation and to protect the interests of our operations, employees, and our stakeholders,' India's largest private sector fuel retailer said in a statement. The EU on Friday sanctioned the company's refinery with an annual capacity of processing 20 million tonne at Vadinar as the grouping targeted Russian oil exports with a slew of fresh curbs. Russia's Rosneft has a 49% stake in Nayara, which is also India's largest private sector fuel retailer with a network of 6,750 petrol pumps. 'Every aspect of our business, including all domestic operations, continues to function normally. We have taken comprehensive measures to guarantee seamless continuity and stability across all business verticals,' the company said. Describing itself as an Indian entity, the company said the sanctions have no legal basis and it operates in compliance with Indian laws and regulations. 'We are deeply committed to supporting the nation's energy security and fostering economic growth,' it said. The company called out the EU for double-standard saying, 'while many European countries continue to import Russian energy through various sources, they take a high moral ground by chastising and sanctioning an Indian asset for processing Russian crude largely used by its domestic population of 1.4 billion Indians and businesses.' India had also opposed the curbs, saying it 'does not subscribe to any unilateral sanction measures'. We categorically state that this unilateral move by the European Union is founded on baseless assertions, representing an undue extension of authority that ignores both international law and the sovereignty of India. 'Such actions not only undermine India's interests, but also risk disrupting the uninterrupted supply of petroleum products that are essential to millions of Indian citizens and industries,' Nayara said. Nayara pointed out that it is a major taxpayer in India and has 'since August 2017 has contributed over Rs 2.5 lakh crore in cumulative direct and indirect taxes to help build India's growth story'. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
2 hours ago
- Time of India
Trump admin takes first step towards a wage-linked weighted selection process for H-1B visas
Trump admin takes first step towards a wage-linked weighted selection process for H-1B visas The Trump administration is working on a new rule to create a 'weighted selection process' for H-1B cap visas. Weights are likely to be assigned, based on the salary offered to the foreign beneficiary (individual who is being sponsored for the H-1B visa by an American employer). The writing was on the wall. Now it is much clearer. Recently, the Department of Homeland Security (DHS) submitted a proposed rule to the Office of Information and Regulatory Affairs (OIRA), which is the White House office that reviews rules. Post its review, the rule will be published in the Federal Register kicking off the process of implementation of a final rule. The process could take several months as it also involves keeping a window open for inviting public comments and reviewing. 'But they are moving fast, so that could happen within the calendar year,' said Doug Rand, a former DHS official. It may be recalled that in early January 2021, with just a few days left for the Biden administration to take charge, the annual H-1B cap lottery process (which was a random selection process) was replaced with a wage-based selection process vide a final rule. Under this, H-1B cap visas were to be allocated according to wage levels, giving priority to those earning the highest salaries in their respective occupations and geographic areas of employment. In effect, the H-1B cap visas were to be awarded first to beneficiaries in Level 4 (which is the highest of the four wage categories and covers very experienced workers), then to those at Level 3, and so on, until the annual quota of 85,000 has been met. This rule was frozen by the Biden administration and subsequently vacated by a court order. The revived proposal by the Trump administration could be similar. Rand points out, 'When the US Congress established the H-1B program in 1990 as a temporary work visa for professionals in 'specialty occupations', many of today's occupations didn't exist. American businesses get no more than 85,000 new H-1B cap slots each year; but the demand is 4-5 times higher.' Indians are major H-1B beneficiaries. For the fiscal ended September 2023, they accounted for 68,825 (58%) of initial employment visas and 2.10 lakh (79%) of extensions, far outpacing China, the second-largest source, with significantly lower allotments of 16,094 and 29,250, respectively. Thus, any change will significantly impact Indians aspiring to work in the US. Rand states that there is a difference between long-term employers (such as MNCs, thousands of startups, small business and community hospitals) and the short-term employers – which could include a handful of unscrupulous staffing companies. 'Heedless of this distinction, the Trump administration is about to (re)attempt a major change to the H-1B lottery. It sounds reasonable at first to allocate scarce H-1Bs to the highest-paid workers in each occupation. But, this would be disastrous in practice. Sure, it might force the short-term H-1B employers to either pay their workers more or get out of the business. But the long-term H-1B employers typically hire early-career researchers, engineers, doctors, and other professionals, often fresh out of US graduate school. They may be well-compensated, but they wouldn't hit the top quartile, so they would be effectively frozen out of the lottery selection process,' explains Rand. Education experts point out that typically international students transitioning to H-1B visas after completing their optional practical training (which is three years for STEM students) are hired at entry levels. Higher wages will make it difficult for companies to hire them. Immigration attorneys also hold the view that it would adversely impact the health sector, scientific research and certain hospital positions.
India Today
3 hours ago
- India Today
India-US trade deal stalemate continues, talks to resume in August: Sources
Negotiations between India and the US on a crucial trade pact remain at an impasse, with talks now expected to resume when a delegation from Washington visits Delhi in the second week of August, sources two nations are aiming to finalise a comprehensive bilateral trade agreement (BTA) by September or October. The latest round of talks, the fifth, saw the Indian negotiators in Washington attempting to break a deadlock over duties on auto components, steel, and agricultural products. These issues have emerged as key sticking points in the drawn-out the discussions remained inconclusive, and the Indian delegation returned home just days before US President Donald Trump's August 1 tariff pause deadline rolls around. Talks hit a snag after India drew a red line and refused to yield to US demands on agricultural access, particularly in the dairy sector, which employs more than 80 million Indians, many of them smallholder previously said that while the two countries were close to sealing a deal by the end of June, discussions fell apart before the July 9 deadline set by Trump. India's stand on protecting its dairy sector was a key reason the talks failed to cross the finish meanwhile, has repeatedly claimed that the BTA with India is almost done deal. Yet, he has also warned of sweeping new tariffs on imports from multiple countries, including members of the Brics bloc, of which India is a week, the US President reiterated that Brics nations could face 10 per cent tariffs if they dare to go the de-dollarization way. He also warned of 100 per cent duties on Russian goods and hinted at slapping secondary sanctions on countries buying Russian oil. India, the second-largest buyer of Russian fossil fuels, could be majorly impacted if such measures are at least 14 countries have received formal notices from Washington about impending tariffs ranging from 25 per cent to 40 per cent, India has not received such a letter. This has given hope that negotiations are still alive, albeit under growing outcome of the August round of talks may determine whether India can avoid punishing tariffs as high as 500 per cent and secure a long-pending trade pact with Washington, one that has remained elusive despite repeated assurances from both governments.- Ends
