Cavalier India Defence Training Academy

H-1B employers will have to increase actual wage offers by more than 30% following the US department of labour (DoL)’s new wage rules for H-1B employees, according to US public policy research organisation Cato Institute. This would significantly increase costs for Indian IT services companies that depend on H-1Bs , and will push them to hire locally, and/or move work to offshore locations like India. H-1B employers will have to increase actual wage offers by more than 30% following the US department of labour (DoL)’s new wage rules for H-1B employees - Cato Institute Vikram Shroff, head of HR law practice at law firm Nishith Desai Associates, said large technology companies may be able to comply with the wage increase rule, especially to get foreign talent. “However, several smaller and mid-sized employers who also rely on H-1B might find such conditions restrictive. Then, there is also the question of employer needing to proportionately increase the wages of the similarly employ...

Representative Image The Hindustan Shipyard Limited (HSL) is going ahead with Turkish shipyard partner M/S Anadolu shipyard after signing a contract with them for technical collaboration for enabling the shipyard to build five fleet support ships. Confirming this, a senior official said that “The total initial estimated project cost is about Rs 10,000 crore for the 45,000-ton fleet support ships (FSS) for the Indian Navy. The contract with the Ministry of Defence (MoD) is expected to be inked within the next 6-8 months.” “Though the contract is between the two shipyards, it is a good sign that the Defence ministries of both countries are onboard for this `Make in India’ project.” As was first reported by Financial Express Online in 2019, the Turkish Shipyard was L1 and had technically qualified for the FSS project for the Indian Navy. In fact, it was down-selected from among three companies who had made the cut earlier. #MakeInIndia : Indian and Turkish shipyards close contract for bu...