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H-1B visa and shadow of protectionism
Riding on his electoral rhetoric of stopping immigration and protecting America, U.S. President Donald Trump has thrown another hat onto the ring with proposing changes to the H-1B non-immigrant visa programme in the U.S. for bringing in skilled workers in technical jobs. This has worried Indian IT firms which are highest recipients of the 65,000 such visas given annually as was reflected in their diving share prices. An unconfirmed draft executive order indicated a proposed salary hike of such visas to $130,000 to bring in only the most talented workers into the country. The shadow of protectionism looms over the bilateral relationship with India.

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