Canada is planning to curb the number of temporary foreign workers for the first time ever
Canada plans to reduce the percentage of temporary foreign workers over three years after consulting provinces. Permit restrictions start in May. Recent measures include capping student permits and tightening the labor market with decreasing job vacancies. Key Points
Economic TimesAfter student visa restrictions, Canada may begin capping foreign workers in 2024
Miller acknowledged the link between housing concerns and the rise in temporary residents, stating that they are increasingly tied together with an obvious correlation. He plans to unveil reforms at the beginning of 2024 to address the impact of this surge, emphasizing that the intention is not to target specific individuals but to address the consequences of a system operating erratically. Key Points
Economic TimesUS President Biden calls out Israel over aid situation in Gaza, announces temporary port plan to stop famine
US President Joe Biden announced that US military will build a temporary port on Gaza's coast for humanitarian aid. Biden criticized Israel for the humanitarian crisis in Gaza and emphasized the importance of protecting innocent lives. Key Points
mintCanada can’t afford to block temporary residents
Record numbers of newcomers have pushed Canadas population growth rate to 3.2%, one of the fastest in the world. The surge has boosted the labor market but also helped drive up housing costs, sparking a backlash in the typically immigrant-friendly country. Key Points
Economic TimesAustralia caps foreign student intake, Canada to allow fewer temporary workers amid spiralling migration
Both countries had loosened migration rules following labour shortage post-Covid. But record levels of migration have spiked rental prices & unemployment rates, with elections next year. Key Points
ThePrint
RBI asks banks to set aside incremental CRR
The Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday directed banks to set aside a larger part of incremental deposits under cash reserve ratio (CRR) to tighten liquidity in the near term. The remark from Das came while he was announcing key decisions of the Monetary Policy Committee (MPC) meeting held from August 8-10. Key Points
Economic TimesLandslide and flash floods hit Indonesia’s Sumatra island, 10 killed
At least 46,000 people have fled to a temporary government shelter. Ten are still missing. | World News Key Points
Hindustan TimesJawaharlal Nehru Stadium's temporary structure collapses; 11 rescued from debris
A temporary structure near Gate 2 of the Jawaharlal Nehru Stadium in Delhi collapsed, leaving nearly 11 people trapped in the debris. Emergency services, including the Delhi Police and fire department, successfully carried out rescue operations. Most of the injured are employees, and most are taken to AIIMS trauma centre for treatment. Key Points
Economic TimesI see no reason why Indian student numbers shouldn’t continue to grow in Australia: Philip Green
Australia's High Commissioner to India, Philip Green, has announced that commitments under the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) will be upheld under the new Migration Strategy. Indian graduates will continue to be eligible for a temporary Graduate Visa for two years for a bachelor's degree, three years for a Masters degree, and four years for a PhD. Key Points
Economic TimesIn eyes of people at Imphal relief camp, there’s hope of returning home | Ground report
The Ideal Girls' College in Imphal now serves as lodging for numerous families, brought in from Moreh and Churachandpur. For people living in these relief camps, there’s hope that one day they can return home. Key Points
India Today
Ackman warns of accelerated deposit outflows after Fed decision
“A temporary system-wide deposit guarantee is needed to stop the bleeding,” he wrote. “The longer the uncertainty continues, the more permanent the damage is to the smaller banks, and the more difficult it will be to bring their customers back.” Key Points
FinancialexpressArticle 370: A death sentence, defeat of the idea of India - Mehbooba Mufti on verdict
The SC has said that the Article 370 is temporary, which is why it was removed. This is not only our defeat but also the defeat of the idea of India. This is the defeat of the imagination of India, the Gandhian India with which Muslims of Jammu and Kashmir, rejecting Pakistan, joined hands with the Hindus, Buddhists Sikhs and Christians, the country of Gandhi. Today marks the defeat of that idea of India, she added. Key Points
Economic Times6 coaches of Delhi-Kamakhya North East Express derail near Raghunathpur station in Bihar's Buxar
Six coaches of the Delhi-Kamakhya North East Express derailed in Bihar's Buxar district. The incident occurred at 9:53 pm with no immediate information on casualties. Relief measures were promptly initiated, with medical teams and ambulances dispatched to the site. A temporary rake has been sent to transport passengers. Key Points
Economic TimesReady for J&K polls any time, no specific timeframe for statehood: Centre to SC
Central government ready for elections in Jammu and Kashmir, timing to be decided by Election Commissions. Statehood status temporary. | Latest News India Key Points
Hindustan TimesSix dead, four missing in rains in China
The current round of rainfall has now ended, the state-run Xinhua news agency reported. A total of 18,916 people have been evacuated, with 21 temporary relocation facilities established. Rescue forces have restored the functionality of 85 electricity and 26 telecommunication facilities. Key Points
Economic Times
Odisha: CM Naveen Patnaik announces Rs 56 crore bonus, incentives for kendu leaf pluckers, binders
In the third phase of the 2022 crop year, a 25 per cent bonus will be given to 7.75 lakh kendu leaf pluckers and a 5 per cent incentive to 40,000 binders and temporary workers. Key Points
FirstpostIf a law is drafted well, judiciary cannot overstep it: Home Minister Amit Shah
Union Home Minister Amit Shah said on Monday that if a legislation is drafted well, the judiciary will not get an opportunity to overstep it. He said laws should be drafted in as simple and clear words as possible because difficult words always creates controversy. Key Points
The Hindu