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 ANNOUNCES CANCELLATION OF AUTOMATIC 10-YEAR MULTIPLE -ENTRY VISAS.(PHOTO).

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 Canada Announces Cancellation Of Automatic 10-Year Multiple-Entry Visas


While the multiple-entry visa previously allowed holders to enter and leave Canada freely, a government update said that the 10-year multiple-entry visa is no longer viewed as the “standard document.”


The Canadian government has announced the cancellation of the 10-year multiple-entry visa for Nigerians and citizens of other countries.


The authorities said that the cancellation of 10-year multiple-entry visa is part of the government’s efforts to curb immigration after experiencing a post-COVID population surge. 


While the multiple-entry visa previously allowed holders to enter and leave Canada freely, a government update said that the 10-year multiple-entry visa is no longer viewed as the “standard document.”


The update by the Immigration, Refugees and Citizenship Canada (IRCC) added, “Guidance has been updated to indicate that multiple-entry visas issued to maximum validity are no longer considered to be the standard document.”


The IRCC further stated that immigration officers now have the discretion to decide between issuing single-entry or multiple-entry visas and to determine their validity periods.


Recall that in October this year, the IRCC announced a revised target for permanent residents, reducing the goal for 2025 from 500,000 to 395,000. 


The target for 2026 will drop from 500,000 to 380,000, and in 2027, Canada plans to admit 365,000 permanent residents.

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