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    Gensol’s default; Ola’s dismal Q4

    Happy Friday! Gensol Engineering has failed to make repayments on bonds that used BluSmart taxis as collateral. This and more in today’s ETtech Morning Dispatch.

    Indian 'colonialism', go forth & prosper

    Ageing developed economies are increasingly seeking skilled Indian professionals, creating a significant opportunity. A report projects India's expat workforce could reach 14-15 million by 2030, with remittances hitting $300 billion. To capitalize, India must forge partnerships, streamline visa processes, align skilling with global standards, and offer financial support to potential migrants, competing with other nations for this global demand.

    UK to spend $4 billion on job training to cut reliance on migrant workers

    Britain is set to invest a record 3 billion pounds to enhance training opportunities, aiming to equip locals with skills for key sectors like construction, engineering, and digital fields. This initiative seeks to address labor market gaps, reduce reliance on foreign workers, and tackle the rising inactivity rate among working-age Britons, spurred by pressure to curb immigration.

    Global shortage: Higher pay, better perks lure Indian nurses abroad

    Indian nurses are finding many job opportunities abroad. Developed countries need skilled nurses. Many nurses migrated overseas last year. Demand is expected to increase. Germany, Italy, and Japan are hiring many Indian nurses. Other countries like the UK, US, and Canada also need nurses. Indian nurses get better pay and quality of life abroad.

    Historic fall in UK migration can’t come fast enough for Starmer

    Keir Starmer's government is likely to show a significant drop in UK net migration. This is due to previous policies and decreased refugee numbers. Starmer's recent rhetoric on immigration faces criticism. New restrictions aim to further reduce migration. However, rising small boat arrivals and economic concerns pose challenges. Labour's approach reflects an internal struggle to balance diverse voter interests.

    Graduate Route shortened, Caregiver visas curtailed: The fine print of UK's White Paper on immigration

    The UK government's proposed immigration reforms, outlined in a recent White Paper, aim to significantly reduce net migration. Key changes include stricter requirements for skilled workers, graduate employment, and citizenship eligibility. Care worker visas may be discontinued, and language proficiency standards are set to increase.

    • Who pays what? Demystifying H-1B visa fees and wage compliance

      The H-1B visa process involves specific cost responsibilities. Employers must pay the required wage, covering actual or prevailing rates. They also handle ACWIA, fraud prevention, and asylum program fees. Employees might cover premium processing under certain conditions. Employers cannot deduct legal fees or other costs from wages. Unauthorized deductions can lead to penalties.

      Seven days will decide if UK’s borders are open or closed

      Keir Starmer unveiled a tough new immigration plan to counter Reform UK's rise, balancing border control with economic needs. He criticized past high migration for failing to boost growth, targeting care-worker visa reliance and proposing domestic labor solutions. While pushing EU youth mobility deals, Starmer must juggle growth, public services, and voter concerns over illegal immigration and economic strain.

      Indian Nationals received highest share of UK work visas in 2024, second in study visas

      In 2024, Indian nationals topped UK work visas with 22%, while securing the second-highest share of study visas. However, work visas for Indians saw a steep 50% decline from 2023, attributed to new UK migration rules. Similarly, study visas for Indian nationals also experienced a notable 42% drop, reflecting the impact of evolving immigration policies.

      UK's immigration crackdown to impact Indian students, workers

      British Prime Minister Keir Starmer has unveiled stricter immigration rules aimed at curbing rising numbers, impacting international students and skilled workers, particularly from India. The new measures include extending the settlement qualifying period to 10 years, tightening English language requirements, and shortening the post-study Graduate Route visa.

      UK announces measures to tighten immigration policies amid rising voter anger

      The UK government introduced a sweeping Immigration White Paper aimed at cutting net migration and restoring public trust. UK Prime Minister Keir Starmer has announced tougher controls across different fields amid growing pressure from voters after years of rising migration. Here’s all you need to know what all amendments the Starmer-led government has made.

      UK gets tough on migration, doubles citizenship wait times

      Prime Minister Keir Starmer announced stricter immigration policies, including doubling the citizenship wait time to ten years, aiming to significantly reduce immigration over the next five years. Blaming the previous Conservative government for an "open borders experiment," Starmer pledged a controlled, selective, and fair immigration system.

      UK announces plans to curb migration through tougher visa policies

      The UK government is set to tighten visa rules, aiming to curb the influx of foreign workers amidst rising concerns about pressure on public services and right-wing protests. New measures include stricter requirements for skilled worker visas and limits on lower-skilled visas, prioritizing domestic recruitment and training.

      India-UK FTA: Auto duty cuts in 10-15 yrs; safeguards in place to protect industry

      India and the UK have finalized a free trade agreement. It aims to double commerce by 2030. The deal lowers tariffs on Indian exports. British firms will find it easier to export to India. Duty reductions on cars will occur over 10-15 years. Quotas will limit petrol, diesel, and electric vehicle imports. The FTA offers opportunities for India's services sector.

      UK dismisses idea that British workers being 'sold out' in India trade deal

      Britain's trade minister defended a tax break for Indian workers within the new free trade agreement, dismissing claims of undercutting British workers as "absolute nonsense." The agreement, featuring tariff cuts and social security exemptions for short-term workers, sparked opposition criticism despite similar deals with other nations.

      UK set to restrict visas for nationalities most likely to claim asylum

      Facing pressure from the hard-right populists, the Labour government in Britain is planning to restrict visa applications from nationalities considered most likely to overstay and claim asylum. The government official confirmed that applications for work and study visas from Pakistanis, Nigerians, and Sri Lankans are among those set to be curbed.

      Fearful of Trump, some Americans look to make a life in Europe

      Following Trump's re-election, a notable number of Americans are exploring relocation to Europe, driven by concerns over policy shifts and social issues. Increased applications for Irish passports and long-stay visas in France and the UK signal this trend.

      Pahalgam Attack: PM Modi chairs CCS meeting a day after giving army 'full freedom' to decide military response

      Prime Minister Narendra Modi has concluded the Cabinet Committee on Security meeting after the Pahalgam terror attack. The attack killed 26 people. India considers military and diplomatic responses. India suspended the Indus Waters Treaty. The military is on high alert. Preliminary evidence points to Pakistan-based terror cell Lashkar-e-Taiba. Pakistan faces internal struggles. The government seeks national unity before any potential strike.

      Are H-1B visa holders in trouble again? Things to know before facing US immigration officers

      H-1B and other employment-based immigrant visa applicants in the US have been asked for their addresses and biometric data by the US immigration authorities through Requests for Evidence. These are in connection with the federal agency's claim about possession of ‘adverse information’ regarding some of the individuals.

      Are H-1B visa holders in trouble again? Things to know before facing US immigration officers

      H-1B and other employment-based immigrant visa applicants in the US have been asked for their addresses and biometric data by the US immigration authorities through Requests for Evidence. These are in connection with the federal agency's claim about possession of ‘adverse information’ regarding some of the individuals.

      Trump's tariff war with Canada and Mexico to spoil the 2026 World Cup experience?

      The organization and execution of the 2026 World Cup, to be hosted by the US, Canada, and Mexico, face uncertainties due to President Trump's tariffs and border policies. Experts and officials, however, believe the event will proceed successfully despite geopolitical tensions. Security, transportation, and fan travel are anticipated to be managed effectively by the host nations.

      UK must try to understand migrant worker surge, watchdog says

      The British government plans to investigate the unexpected rise in skilled worker visas. The Home Office is unsure why visa numbers have tripled since 2020. Changes to visa regulations may affect industries experiencing labor shortages. Cooperation between government bodies is needed to understand and address migration impacts. This initiative aims to improve oversight and customer experience for visa holders.

      UK care firms should hire foreign workers already in country, says govt

      The UK government announced that social care providers must prioritize hiring foreign workers already in the country before recruiting from abroad. This comes after reports of worker abuse and exploitation, with many foreign care workers being left unemployed or underpaid.

      UK grants 37% fewer work visas in 2024

      Britain experienced a significant decrease in work visas granted in 2024, with a 37% drop from the previous year. The number of health and social care worker visas fell by 81% due to restrictions implemented by the former Conservative government to reduce net migration, now prompting new immigration policy reforms.

      Costume interpreters, canine beauticians, & cemetery managers among surprising roles on UK skilled worker visa list

      An Oxford researcher found that jobs like canine beauticians, DJs, pilates instructors, and museum costume interpreters are eligible for UK skilled worker visas. Analysis of Home Office data shows 334 visas granted for animal care roles, 167 for fitness instructors, and other surprising middle-skilled jobs, alongside traditional roles like nursing and banking

      UK tightening immigration policies prompted 4,00,000 people to move elsewhere last year

      The United Kingdom Home Office reports a 42% decrease in visa applications for work and study between April and December 2024. The drop follows new policies restricting the ability of overseas care workers and students to bring dependents. Additionally, the salary threshold for skilled workers has increased. These measures aim to reduce migration by 300,000 annually.

      Are you eligible for UK's Health and Care Worker visa? Find out

      The Health and Care Visa allows doctors, nurses, healthcare professionals, and adult social care professionals to work in the UK. Applicants need a job offer from an approved UK employer, meet the minimum salary requirements, and ensure their job is within the eligible occupation codes. Employers must also be registered and approved by the Home Office.

      All about UK’s Health and Care Worker visa

      Medical professionals can apply for a UK Health and Care Worker visa if they have a job offer in an eligible role, meet salary requirements, and prove English proficiency. The visa can last up to 5 years and may lead to permanent residency. Dependents can also apply.

      UK's ban on foreign care workers bringing family comes in force

      The UK Home Office has implemented new visa rules that prevent overseas care workers, including Indians, from bringing their families to the UK. The government aims to address the high number of dependants accompanying workers on the care visa route and combat visa abuse. The reforms include establishing a national career path for care workers and raising the salary threshold for skilled workers.

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