www.theasianstar.com Vol 14
Issue 36 Saturday, October 3, 2015
Tel: 604-591-5423
Volkswagen halts some sales
‘Prem Ratan Dhan Payo’
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bollywood Page
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India beats US, China as No. 1 foreign direct investment destination
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ndia has emerged on top of the foreign direct investment league table, overtaking China and the United States, according to the FT data service. A ranking of the top destinations for greenfield investment (measured by estimated capital expenditure) in the first half of 2015 shows India at number one, having attracted roughly $3 billion more than China and $4 billion more than the US, according to the Financial Times newspaper. “With midyear data on greenfield FDI now in, 2015 looks to be a milestone year for India following its impressive performance in 2014,” the article in FT said quoting fDi Markets, a data service of the FT. The news comes as a shot in the arm for the Narendra Modi government
which has taken several steps to attract foreign investment and has helped revive mood of investors since it came to power in May 2014. While there has been a demand for accelerating the reforms drive, the government has unveiled several initiatives such as ‘Make in India’ and ‘Digital India’ to lure investors. It has moved to ensure that the country moves up the ranking on the World Bank’s Ease of Doing Business and states have started their clean-up act on this parameter. But experts say there are several areas where the government needs to step up reforms. The areas where investors want more reforms include tax policy, labour laws, cutting red tape and issues linked to land acquisition. Continued on page 6
Grey Power More Canadians are over 65 than under age 15
NRI doctors charged with fraud in Toronto
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wo South Asian doctor brothers in Canada have been slapped with charges of fraud of over $5,000 each for billing the government for medical services they never provided to their patients. Mukesh (Mick) Jain, 45, who is a radiologist, and his brother Minto Jain, 48, who is a surgeon, have been slapped with charges of fraud of over $5,000 each, Toronto Sun reported. The two brothers are from Mississauga run their own MIC Medical Imaging which has many locations in Ontario province. The Jain brothers billed the government-run Ontario Health Insurance Plan (OHIP) for chest ultrasounds that were supposedly performed at their clinics in Orangeville, Bolton, or Cambridge in Ontario. Continued on page 6
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or the first time ever, there are now more people in Canada age 65 and over than there are under age 15, according to Statistics Canada. The data agency said Tuesday that Canada’s population sat at 35,851,800 at the start of July, a figure that has increased by 308,100 or 0.9 in the past year. That’s the smallest annual increase in 17 years, but still the largest pace of growth seen in any G7 nation. Much of growth came in the form of people coming from other countries, as migration accounted for 60.8 per cent of the population growth. The Continued on page 6
Proud moment for Fruiticana to be named a finalist for an Earnest and Young entrepreneur of the year 2015 award Pictured above is Tony Singh (Second from left) owner of Fruiticana with others.