PSU BEL acquires land in UP’s Chitrakoot to manufacture ‘desi Iron Dome’ Kusha system

[ad_1] NEW DELHI: In a big step towards bolstering India’s indigenous defence capabilities, Navratna PSU Bharat Electronics Limited (BEL) has acquired 75 hectares of land in the Chitrakoot node of the UP defence industrial corridor to establish a new manufacturing unit for production of next-generation missiles, radar systems and India’s own ‘Iron Dome’.“With an investment…

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Middle East war fallout: IMF chief warns of ‘unavoidable pain’, urges central banks to curb inflation

[ad_1] IMF chief Kristalina Georgieva on Thursday urged central banks to prioritise tackling inflation even at the cost of growth, warning that the global fallout of the US-Israel war on Iran will inevitably bring economic “pain”, PTI reported.“A word of caution upfront: this being a classic negative supply shock, demand adjustment is unavoidable. We cannot…

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‘Not just drugs and thugs anymore’: Immigration attorney says H-1B employers getting intense investigations from Labor Department

[ad_1] Department of Labor has intensified investigations into H-1B employers since last year. The Labor Department has stepped up investigations into employers using the H-1B program to hire foreign workers and they are making site visits, asking the employers complicated, technical questions, Bloomberg reported, citing data that the DOL has marked a 48% increase in…

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Need to strengthen supply chains amid crisis: Ficci report

[ad_1] NEW DELHI: Indian companies should secure additional funding and strengthen supply chains, while govt should consider emergency financing for MSMEs and tax reforms to mitigate impact of the ongoing West Asia conflict, according to a Ficci report. “The ongoing disruption in West Asia carries far-reaching implications for import-dependent economies, such as India, with likely…

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