Latest news with #ShriramLife
Time of India
11 hours ago
- Business
- Time of India
Canada's population growth slows as immigration rules tighten
Canada's population barely grew in the first quarter of this year as tighter immigration policies slowed the number of new arrivals, Statistics Canada data showed. The country added just 20,107 people, a near-zero percentage increase, compared with an average quarterly rise of 0.3% over the past decade. Excluding the pandemic period, this was Canada's weakest quarterly growth rate since comparable records began in 1946. Population increases had previously been fuelled by a surge in temporary residents — especially foreign students — following the pandemic. Prime Minister Mark Carney, who has promised to cut immigration to 'sustainable levels,' welcomed the data. His predecessor, Justin Trudeau, began curbing new arrivals last year after rapid growth strained the country's housing, healthcare, and other public services. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo Temporary residents fell to about 3 million, or 7.1% of the population, down from a peak of 7.4% last year. Foreign students saw the biggest drop, with Ontario and British Columbia recording their steepest quarterly population declines since 1951. (Join our ETNRI WhatsApp channel for all the latest updates) At the same time, asylum claims continued to rise for the 13th consecutive quarter, reaching a record 470,029 people. Carney's government introduced a bill to tighten asylum rules and is already restricting the number of international students and foreign workers. Legislators will debate the new law on Wednesday. Live Events The immigration plan seeks to hold overall population growth flat before returning to more typical rates. Even with these measures, migration accounted for all net growth last quarter as deaths outnumbered births by 5,600. The government must now balance its goals. 'We want to attract the best talent in the world to help build our economy,' Carney said after winning his April election. But as public support for immigration declines, officials face increasing pressure to ensure future arrivals match the country's capacity and economic needs. Inside Canada's plans to curb immigration Canada has introduced a series of tightened immigration measures in 2024–2025. These include caps on international student and temporary worker permits, tougher spouse‑permit rules, language requirements, and new asylum restrictions under the 'Strong Borders Act.' The goal: reduce temporary residents to 5% of the population, ease pressure on housing and services, and preserve system integrity. What Canada wants Cut international student permits by 35% starting September 2024 Set further 10% decrease in student permits for 2025 Require language tests for post-graduation work permits (CLB 7 for university grads, CLB 5 for college grads) Limit post-graduation work permits to in-demand fields only End work-permit eligibility for spouses of bachelor's and college students — keep it only for spouses of master's, PhD students, and select high-skilled workers Cap number of temporary foreign workers in low-wage jobs and reduce their maximum stays Implement a 'Strong Borders Act' tightening asylum rules — stricter eligibility, faster removals, stronger border controls Aim to reduce temporary residents to 5% of the population by 2026, with declining target numbers for 2025–2027 Align permanent resident targets to 395,000 in 2025, then gradually reduce Increase intelligence-sharing and cooperation with U.S. border enforcement Address public concern over rapid post-pandemic population growth and pressure on housing and public services
Time of India
12 hours ago
- Business
- Time of India
After EVs, rockets, and social media, the world's richest man Elon Musk is now eyeing your wallet
Elon Musk , the world's richest man, is now setting his sights on the world of finance. After shaking up electric vehicles, space travel, and social media, Musk is preparing to launch financial services through his platform X—formerly known as Twitter. According to reports, Musk plans to introduce investment and trading features on X as part of his vision to transform it into a 'super app' akin to China's WeChat. The goal is to build a comprehensive financial ecosystem that enables users to carry out transactions—shopping, tipping, storing money, and more—without ever leaving the platform. As part of this plan, X is expected to roll out branded credit and debit cards, potentially as early as this year. The initiative will debut in the U.S., with global expansion to follow. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo Visa has already signed on as the platform's first payments partner. The service, dubbed X Money , will include a digital wallet and peer-to-peer payment functions. Users will be able to make purchases, store funds, and support content creators, all within the app. 'You will be able to go on X and conduct all your financial transactions on the platform,' X CEO Linda Yaccarino was quoted as saying at the Cannes Lions International Festival of Creativity. She described the effort as the foundation of 'a whole commercial and financial ecosystem that doesn't exist today.' Live Events However, the road ahead isn't without hurdles. Regulatory scrutiny, particularly around licensing and anti-money laundering compliance, could pose significant challenges to Musk's ambitions. X is also working to rebuild its advertising business after a mass exodus of advertisers following Musk's acquisition in 2022. Concerns over content moderation and brand safety had driven many advertisers away, with some ads appearing next to controversial content. Despite lingering doubts from some marketers, Yaccarino claims that 96% of pre-acquisition advertisers have returned. Research firm eMarketer forecasts that X will generate $1.9 billion in ad revenue in 2024 and $2.3 billion in 2025—still far from the $4.1 billion it earned in 2022. In December 2024, Yaccarino had teased several upcoming features including X TV, X Money, and Grok, an AI chatbot, signaling that 2025 could be a pivotal year in Musk's quest to turn X into a one-stop digital universe.
Time of India
a day ago
- Automotive
- Time of India
Bajaj Chetak 3001 vs TVS iQube vs Suzuki e-Access: Which scooter is worth your money in 2025?
Bajaj has launched a new electric scooter, the Chetak 3001, priced at Rs 99,990 (ex-showroom). With the electric scooter market heating up, the Chetak 3001 will compete with models like the TVS iQube , Ather Rizta S , and the upcoming Suzuki e-Access . Here's a simple comparison of their battery sizes, range, charging time, and prices. Battery and Range Bajaj Chetak 3001 Battery: 3kWh Claimed Range: 127 km Charging (0 to 80%): 3 hours 50 minutes (750W charger) Ather Rizta S Battery: 2.9kWh Claimed Range: 123 km Charging (0 to 80%): 6 hours 30 minutes (portable charger) Price: Rs 1.10 lakh (ex-showroom) TVS iQube (Base variant) Battery: 2.2kWh Claimed Range: 94 km Charging (0 to 80%): 2 hours 45 minutes (650W charger) Price: Rs 94,434 (ex-showroom) TVS iQube (Higher variant) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo Battery: 3.5kWh Claimed Range: 145 km Charging (0 to 80%): Around 4.5 hours Price: Rs 1.09 lakh (ex-showroom) Suzuki e-Access (Upcoming) Battery: 3.07kWh LFP Expected Range: 95 km Charging: Portable charger: 6 hours 42 minutes DC fast charger: 2 hours 12 minutes Price: Yet to be announced What Stands Out? Best range: TVS iQube (higher variant) with 145 km Fastest charger: Suzuki e-Access with DC fast charging Most affordable: TVS iQube base model Balanced option: Bajaj Chetak 3001 offers good range and fast charging for its price Inputs from TOI
Time of India
a day ago
- Time of India
Raja Raghuvanshi murder: Meghalaya cops question acquaintances of Sonam, her lover
Indore, A Meghalaya police team probing the murder of Indore businessman Raja Raghuvanshi on Thursday questioned a few acquaintances of main accused Sonam Raghuvanshi and her alleged lover Raj Kushwaha . They also questioned a taxi driver who is suspected to have taken Sonam to Uttar Pradesh from Indore in the aftermath of the murder. Raja Raghuvanshi, who married Sonam on May 11, went missing on May 23 during their honeymoon in Meghalaya. His mutilated body was found in a deep gorge near a waterfall in Sohra area (also known as Cherrapunji) of East Khasi Hills district on June 2. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo According to police, Sonam was having an affair with Kushwaha who worked in her family's business of Sunmica sheets. Her brother Govind Raghuvanshi was seen on Thursday outside the office of the Crime Prevention Branch of the local police where the special investigation team of Meghalaya Police carried out questioning. Live Events He was called to the office but was not questioned, he told reporters. Police recorded the statements of some people working in his family's business and a few associates of Kushwaha, Govind said. The SIT also recorded the statement of a taxi driver who allegedly took Sonam from Indore to Uttar Pradesh. According to police, after her husband's murder, Sonam returned to Indore and hid in a rented flat for a few days. She surrendered before police in Ghazipur district of Uttar Pradesh on June 8. Police have so far arrested Sonam, Raj Kushwaha and Kushwaha's friends Vishal Chauhan, Akash Rajput and Anand Kurmi in the case.
Time of India
a day ago
- Business
- Time of India
Clean technologies no longer a choice but a necessity for steel industry: Minster Kumaraswamy
Adopting low-carbon emitting technologies to produce green steel is no longer a choice but a necessity, Union Minister H D Kumaraswamy said as he emphasized on the urgency for taking steps towards decarbonisation. The Minister for Steel made the remarks addressing 'BigMint Future Steel Conclave' organised with a focus on innovation and usage of emerging technologies in the steel sector. The green steel taxonomy is shaping up well to provide clear guidance and incentives. Green steel and clean technologies are no longer a choice but a necessity, the minister said in a virtual address on Wednesday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo "Under the visionary leadership of Prime Minister Narendra Modi our steel industry is on a fast track with the bold target of reaching 300 million tonnes capacity by 2030. Our commitment is not only expansion but also sustainability in line with our net zero by 2070 pledge," Kumaraswamy said. In December 2024, the government came out with the definition of Green Steel and urged the industry to take measures to bring down carbon emissions below the level of 2.2 tonnes on per tonne of finished products. Live Events The steel industry accounts for around 7 per cent of global CO2 emissions and India, the second largest producer of steel, has both the responsibility and the opportunity to lead the charge in reducing emissions, while maintaining growth, Kumaraswamy had said while releasing the taxonomy on green steel for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process. The new framework will guide efforts to decarbonize steel production and encourage green practices across the value chain, the minister said. Speaking further, the Minister said the government is also addressing challenges head-on, be it raw material security like iron ore and coking coal or navigating emerging global head winds. "The ministry is actively reviewing policies and safeguards to protect and promote our domestic industry ensuring India does not just compete but leads on the global stage," he said.
