Industry News
Remmitance Report
Immigration scam in Canada
An ongoing immigration scam in Canada involves individuals paying significant sums to secure jobs, despite government efforts to curb it. The scam revolves around paying Canadian employers to apply for Labor Market Impact Assessments (LMIAs), needed for temporary foreign workers. Even after regulatory changes, the problem continues, with high costs associated with obtaining these jobs. Many individuals, including foreign graduates, are willing to pay these fees in the hope of achieving permanent residence in Canada. The government is taking steps to address this issue, conducting enhanced assessments in high-risk sectors and emphasizing the protection of temporary foreign workers. An inquiry into a related scam involving international students is also ongoing.
The Global Talent Shortage
The article addresses the global talent shortage and its impact on aging populations in G-8 countries. It suggests that India can become a significant source of skilled professionals for these countries. The article proposes policies to make Indian talent more exportable, including establishing education Special Economic Zones, encouraging mutual recognition agreements, and enhancing vocational training. It also highlights the potential for India to host knowledge outsourcing centers and R&D facilities for global companies, which could replace traditional sources of foreign exchange earnings. Additionally, it emphasizes the cultural and political influence Indian professionals abroad can bring to India.