India, Sept. 20 -- Following President Donald Trump's proclamation to increase the fee for H1B visas to $100,000 per year, there is panic among existing H1b visa holders. Trump's decision, signed on Friday, will go into effect on Sunday, September 21. The change has caused uncertainty among existing visa holders about what lies ahead.

However, in a big relief for workers already on H1B visas and tech companies, the White House announced a major decision on Saturday. Axios reported, citing a White House official, that existing H1b visa holders will not have to pay the $100,000 fee, as mandated by Trump's new proclamation.

On Saturday, the White House official told Axios that the fee will apply only to new visa applicants. It will kick in...