INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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CANADA TO CUT NUMBER OF TEMPORARY FOREIGN WORKERS. (PHOTO).

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 Canada to cut number of temporary foreign workers


Canada is set to reduce its intake of temporary foreign workers, Immigration Minister Marc Miller has announced.

This strategy marks a significant shift from the nation’s previously expansive immigration policy.

Miller highlighted that Canada has witnessed a notable surge in the admission of temporary residents in recent years.

“Canada has witnessed a considerable increase in the volume of temporary residents recently,” Marc Miller said during a briefing.

While acknowledging the country’s reliance on temporary foreign workers to address labor shortages, Miller emphasised the necessity for improvements to enhance the system’s efficiency.

The Federal Government proposes adjusting the number of temporary residents to constitute no more than five per cent of the national population over the coming three years, a notable decrease from the current 6.2 per cent, which amounts to approximately 2.5 million individuals.

The adjustment comes in the wake of Canada experiencing substantial population growth driven by high levels of immigration, which has begun to outstrip job creation.

This surge includes international students, foreign workers filling employment gaps, and individuals displaced by conflicts and natural disasters.

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