4 Indian-Americans in Forbes’ 2023 Richest Self-Made Women list

4 Indian-Americans in Forbes’ 2023 Richest Self-Made Women list

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Indian-Americans Jayshree Ullal, Neerja Sethi, Neha Narkhede, and Indra Nooyi feature in the ninth Forbes’ Richest Self-Made Women list of 2023.

The four have been named to the list of 100 most successful entrepreneurs, executives, and entertainers in the US with a cumulative wealth of record $124 billion, up nearly 12 per cent from a year ago.

Silicon Valley engineer and Cisco veteran Jayshree Ullal, 62, leads the Indian-American pack ranking at number 15 on the list with a net worth of $2.2 billion.

According to Forbes, Ullal joined the computer networking company Arista Networks as CEO in 2008 when the business had no sales.

The now publicly-traded company, which she still runs, recorded $4.4 billion in revenue in 2022, up 48 per cent from the prior year, despite component shortages and supply chain challenges.

Neerja Sethi, 68, ranks at number 25 with a net worth of $990 million.

She co-founded IT consulting and outsourcing firm Syntel with husband Bharat Desai in 1980 in their apartment in Troy, Michigan. In 2018, they sold it to French IT firm Atos SE for $3.4 billion.

Software engineer-turned-entrepreneur, Neha Narkhede, 38, announced her new company, fraud detection firm Oscilar, in March. She co-founded the business with her husband in 2021, funding it with $20 million and positions at number 50 on the list with a wealth of $520 million.

Ranking at number 77 with a net worth of $350 million is Indra Nooyi, the first woman of colour and immigrant to run PepsiCo, one of America’s 50 largest companies.

Nooyi retired as PepsiCo’s CEO in 2018 and as chair in 2019 after a dozen years in those roles.

Now a director of Amazon and health tech firm Philips, Nooyi joined scandal-plagued Deutsche Bank’s new Global Advisory Board last November.

“This list is a testament to the hard work and success of these women,” Kerry A. Dolan, Assistant Managing Editor, Wealth, at Forbes, said.

“We continue to see women breaking records and increasing their influence and power along with their fortunes, and each year new women in a variety of industries break into these ranks.”

The overall list is topped by Diane Hendricks, 76, of ABC Supply with a wealth of $15 billion.

Move In US To Recapture Unused Green Cards, Could Benefit Indian-Americans

Move In US To Recapture Unused Green Cards, Could Benefit Indian-Americans

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In a move that could benefit thousands of Indian-Americans waiting for their green cards, a member of the President’s Advisory Commission on Asian Americans, Native Hawaiian and Pacific Islanders has recommended that all unused green cards for family and employment categories since 1992 be recaptured.

This includes the recapture of more than 2,30,000 unused employment-based green cards from 1992 to 2022 and processing a portion of these every fiscal year in addition to the annual limit of 1,40,000 for this category, Indian-American Ajay Bhutoria said in his set of recommendations submitted before the commission on Thursday.

“Recapture Unused Green Cards and Prevent Future Green Card Waste” aims to address bureaucratic delays in the green card application process and provide relief to individuals waiting in backlogs, he said.

The Department of Homeland Security (DHS) is authorised by Congress to issue a specific number of family-based and employment-based immigrant visas annually. However, bureaucratic delays have resulted in the under-utilisation of available green cards, leading to accumulation of unused green cards over the years, he added.

To tackle this, Mr Bhutoria proposed two key solutions.

Firstly, the Department of Homeland Security and the Department of State should recapture unused green cards for family and employment categories from 1992 through 2025. This includes the recapture of more than 2,30,000 unused employment-based green cards from 1992 to 2022 and processing a portion of these every fiscal year in addition to the annual limit of 1,40,000 for the employment-based category, he said.

Secondly, the State Department, in collaboration with the Department of Homeland Security, should adopt a new policy to confirm that all green cards, per the annual limit, remain available for eligible immigrants even if the agencies cannot process the relevant paperwork in that fiscal year. This policy should be applied retroactively to recapture green cards that were unused before the new policy goes into effect, he said.

Mr Bhutoria noted that his recommendation emphasises the negative impact of under-utilised green cards on individuals, families and the US economy.

The unused green cards represent lost opportunities for the country and contribute to worsening backlogs, especially affecting Indian-American, Filipino-American, and Chinese-American families, according to Mr Bhutoria.

Furthermore, the lack of a green card restricts the mobility of temporary workers on H-1B visas and limits their contributions to the US economy. Children of these temporary workers are at risk of ageing out of immigration status when they turn 21, he said.

He said his recommendation aligns with proposals introduced in the 117th Congress to recapture green cards that were previously unissued by United States Citizenship and Immigration Services (USCIS) due to administrative errors.

By recapturing these unused green cards, billions of dollars could be added to the economy, the backlog for families waiting for green cards could be reduced, and unnecessary bureaucratic limitations on legal immigration could be mitigated, he argued.

According to the Congressional Research Service, over the past two decades, the number of people on the waiting list for family-sponsored green cards has grown by over 100 per cent.

As of 2020, there were approximately 4.2 million individuals waiting for family-sponsored green cards with an average wait time of six years. For employment-based green cards, there were approximately 1.2 million individuals waiting with an average wait time of six years. But for Indian IT professionals, on an average, it’s more than a decade and many are yet to receive their green card even after 15 years.

In his remarks before the commission, Mr Bhutoria applauded the Biden administration for implementing several recommendations of the commission.

In December last year, the commission recommended actions to reduce significant visa appointment wait times.

The administration has taken steps to reduce wait times and improved visa appointment processes. Visa appointment delays have been significantly reduced to two-four weeks, allowing individuals to plan their travel and immigration processes more efficiently. Additionally, students applying for a student visa can now do so up to one year prior to their college admission date, providing them with greater flexibility and ease of transition, he said.

The commission had also recommended revising ageing out kids on their parents’ green card application in December last year, he said.

The USCIS revised the Child Age-Out Calculation Policy, which calculates the age of children in certain immigration cases, providing greater clarity and fairness, ensuring that eligible children retain their eligibility for immigration benefits and do not age out of the system, he said.

“These recent immigration updates reflect the direct impact of the … Commission’s recommendations and the commitment of the Biden administration to help families and create immigration policies that are more inclusive, efficient and responsive to the needs of our communities,” Mr Bhutoria said.

‘Affirmative action is legalised racism’: Indian American who pretended to be black speaks out

‘Affirmative action is legalised racism’: Indian American who pretended to be black speaks out

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Vijay Jojo Chokal Ingam was a BA in Economics student at the University of Chicago who only just managed to earn a 3.1 GPA. There was no chance he would be accepted at any American medical college.

However, determined to get admission into one of these famed colleges, he scammed his way in. On the race identity section in his medical school applications, the Indian American checked ‘BLACK’.

“I got into Saint Louis University School of Medicine despite the fact that my 3.1 GPA was dramatically lower than the average 3.7 at the time. I got waitlisted at Washington University and the University of Pennsylvania School, the third and fourth best medical schools in America at the time,” Vikay said, according to The Quint.

“I shaved my head. I trimmed my long Indian eyelashes. I joined the organisation of black students and I applied to medical schools as a black man,” he described.

Unable to keep up with the difficult studies, he dropped out. He later went on to write a book, ‘Almost Black,’ about the fraud he committed.

Vijay is the brother of Mindy Kaling, who was not happy with Vijay telling his story. “Of course, my sister Mindy Kaling jokingly said that I would bring shame on the family by telling my story,” Vijay said.

Of dropping out of the school, Vijay wrote in an article for New York Post, “That made me realize that affirmative action really doesn’t really do anyone any favors. And it’s unfair to those who are excluded even though they were more deserving than those admitted on the basis of race.”

Later in June, the Supreme Court struck down affirmative action programs at Harvard University and the University of North Carolina. The court ruled that the institutions violated the Fourteenth Amendment and federal civil rights law. The court’s decision ended the practice of overt racial consideration in higher education admissions. Colleges can no longer consider race as a factor in the admissions process in an attempt to ensure there is a diverse student body.

“After the decision, colleges and universities displayed a range of reactions — from reluctant acceptance to outright defiance,” Vijay said. “More than a 100 colleges and universities, including the entire Ivy League, had filed amicus briefs backing Harvard and University of North Carolina’s admission practices, which the court now deemed discriminatory.”

“These schools have collected tens of billions in taxpayer dollars and sent millions of rejection letters to applicants whose only fault may have been their race,” he added.

Vijay has supported the Asian American students, including Indian American students accusing prominent American colleges of “wrongly” rejecting them. “The sad reality is that discrimination in the form of affirmative action hurts Asian Americans specifically including South Asians the worst. For example, someone who applied to medical school with a very mediocre 3.1 GPA and 31 MCAT score had an 18 percent chance as Asian, 28 percent as white, 46 percent as Hispanic and 76 percent as African American,” he said.

“Believe it or not, Asian Americans are the hardest hurt by affirmative action racism,” he added. “Not just the top ranked Universities discriminate against Asian Americans but also the lower ranked universities.”

“What do you call it when you segregate applicants based on race?’’ Vijay previously said, according to New York Post. “It’s a form of legalized racism. It’s the ultimate form of discrimination to assume that one is disadvantaged just because he’s black, Hispanic or Native American.”

Vijay has now said he is hopeful that affirmative action will finally be stopped. “I’m encouraged not only by the Supreme Court’s ruling, but by the successful 2020 effort (in which I participated) to defeat California’s Prop. 16, which sought to allow affirmative action at California state institutions, including my beloved alma mater, UCLA,” he said.

Indian, US Navies Conclude 11-Day Military Exercise In Kerala

Indian, US Navies Conclude 11-Day Military Exercise In Kerala

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The navies of India and the US carried out a 11-day military exercise in Kochi that focused on boosting interoperability and operational coordination.

The seventh edition of the Salvage and Explosive Ordnance Disposal (EOD) exercise concludes on Thursday, the Indian Navy said.

The two navies have been participating in joint salvage and EOD exercises since 2005.

The exercise saw deployment of frontline warships from both sides in addition to specialist diving and EOD teams.

“The diving teams of both the countries shared experiences on maritime salvage and trained together in various facets of EOD operations on land as well at sea,” the Indian Navy said in a statement.

It said the exercise also saw the conduct of joint training exercises towards enhancing interoperability, cohesiveness and gaining from best practices in maritime salvage and EOD operations.

“The constructive engagements on operational terms enhanced the skill-sets of the diving teams in a number of diverse disciplines such as mine detection and neutralisation, wreck location and salvage,” the Navy said.

H1B visa renewal in US: Indian-American tech executive welcomes temporary work visa rule

H1B visa renewal in US: Indian-American tech executive welcomes temporary work visa rule

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The pilot program for renewing temporary work visas in the US, that will provide relief to countless Indian workers on H-1B visas, has been welcomed by an Indian community in the country.

“I am honoured and happy to see this announcement by the White House Joint Statement and Prime Minister (Narendra) Modi himself making an announcement. The H1B restamping in the USA will bring relief to over one million people on H1B,” Ajay Bhutoria, a Silicon Valley technology executive, community leader, speaker and author, said in a statement.

“The successful implementation of in-country H1B visa stamping renewal represents a crucial step toward creating a more efficient and humane immigration system. The alleviation of financial and emotional burdens for legal immigrants and their families signifies progress in ensuring a more inclusive and welcoming society,” it said.

Bhutoria is a prominent advocate for immigration issues and in 2021, Biden had announced his intent to appoint him on the President’s Advisory Commissioner on AANHPI (Asian American, Native Hawaiian, and Pacific Islander) Commission.

During the US India Summit hosted by Bhutoria in Milpitas, California, State Department Deputy Assistant Secretary Nancy Jackson made an important announcement regarding a pilot program. This announcement further emphasised the significance and impact of the individual’s advocacy.

The Joint Statement issued during Indian Prime Minister Modi’s State Visit last month also highlighted the announcement by the State Department. The leaders, President Biden and Prime Minister Modi, welcomed the news that the State Department would initiate a pilot program to process domestic renewals of certain petition-based temporary work visas later in the year.

This pilot program would initially include Indian nationals and aimed to expand in 2024 to encompass a broader pool of H-1B and L visa holders. The program’s ultimate goal is to include other eligible categories as well.

The H-1B visa is highly sought after, as it enables US companies, particularly in the technology sector, to employ foreign workers with specialized skills and knowledge in theoretical or technical fields, often recruiting individuals from countries like India and China.