Washington/IBNS, Dec. 11 -- US President Donald Trump has announced a new immigration initiative called the "Trump Gold Card", claiming it will end the "ridiculous" situation that forces highly skilled international students-particularly from India and China-to leave the United States after completing their degrees at top universities.

Speaking at the White House, Trump said the new visa programme would finally give American companies "certainty" when hiring talented foreign graduates who currently face years of immigration hurdles despite ranking at the top of their class.

He said the Gold Card would allow firms to retain such talent without bureaucratic obstacles.

Trump announced that the Gold Card portal is now active and that compa...