logo
A Carneyval for India-Canada ties after K-flop?

A Carneyval for India-Canada ties after K-flop?

India Today29-04-2025

As Canadian Prime Minister Mark Carney laboured for the Liberal Party of Canada, Justin Trudeau -- his predecessor and former chief of the party -- was the albatross around his neck. For most of his campaign, Carney's job was to try and get rid of Trudeau's ghost. With Trudeau now history, and Carney the elected PM, will Indo-Canadian ties come out of the deep freeze seen in northern Canada?advertisement"Justin Trudeau and the carbon tax are both gone," Mark Carney countered Pierre Poilievre, his Conservative Party rival, at a campaign debate last week.From the beginning to the fag end of the election fight, Carney kept disassociating himself from Trudeau and his policies.
On Tuesday, as results came in, the Carney-led Liberals were projected to win about 168 seats, just short of the 172 needed to form a majority government, according to Radio Canada."This election Marks the continuation of the Carnival season in Canada," satirist and columnist Kamlesh Singh, popular as Tau of Teen Taal podcast, wrote on X.Another significant blessing is that Jagmeet Singh's New Democratic Party (NDP) has been reduced significantly and lost its bargaining power. Singh is a pro-Khalistan leader and the Trudeau government, to a large extent, depended on its support.advertisementWhen Trudeau announced his resignation in January, Poliviere was tipped to be the next Prime Minister of Canada with his Conservatives having a double-digit lead over the Liberals.Mark Carney swept the Liberal Party election and was sworn in as Canada's Prime Minister on March 14.What helped Carney was his expertise as an economist. He was the former head of two central banks -- the Bank of England and the Bank of Canada.He started off by withdrawing the Trudeau-era carbon tax, which was highly unpopular with Canadians.US President Donald Trump dived in as an unlikely ally. His rhetoric about making Canada the 51st state of the US and Carney's handling of his threats turned the tide.Seeing a turn in voter sentiment, Carney called for snap polls on March 23. His bet paid off.MARK CARNEY INHERITED DIPLOMATIC WOES FROM TRUDEAUMark Carney, in fact, bequeathed an inheritance of loss from Trudeau on the diplomatic front.Trump blamed Trudeau for lax border patrols and allowing drugs and illegal immigrants to be smuggled into the US. He threatened Canada with sanctions.Not just the US, Canada's ties with India hit rock bottom with Trudeau as the PM over his evidence-less allegations that the Indian government was involved in the killing of Hardeep Singh Nijjar, a Khalistani terrorist, on Canadian soil.advertisementNijjar was shot dead in the parking lot of a gurdwara in Canada's Surrey, British Columbia, in June 2023.India vehemently denied the allegations and repeatedly sought evidence from the Trudeau government.Instead of providing evidence, Trudeau made statements against the Indian leadership, which sparked a diplomatic war between the two countries, with reciprocal withdrawal of diplomats.It was a given that Indo-Canadian ties were unlikely to improve with Trudeau as PM. But what after him?WILL MARK CARNEY GIVE BOOST TO INDIA TIES?Carney desperately tried to move away from Trudeau's policies during the campaign but swore allegiance to shared values.Carney told a Radio-Canada show that he shared Liberal Party values, including solidarity, equality and reconciliation, with Trudeau.Therefore, it might be unrealistic to expect a fast, sweeping in ties under Carney. Also given the fact that what Trudeau projected in his fight against India was "core Canadian values".However, Carney, being an economist, knows the importance of India, which is poised to be the fourth-largest economy, pipping Japan, this year, according to the International Monetary Fund (IMF).Canada's growth curve has flattened.advertisementHigh inflation, growing unemployment, a housing crisis, and large-scale immigration into Canada made Trudeau highly unpopular.The economist PM has to fix Canada's economy first, and he might not want to ignore India on that front.Carney has signalled that already."What Canada will be looking to do is to diversify our trading relationships with like-minded countries, and there are opportunities to rebuild the relationship with India," Carney told reporters in Calgary, Alberta, in March."And there are opportunities to rebuild the relationship with India. There needs to be a shared sense of values around that commercial relationship. If I'm prime minister, I look forward to the opportunity to build that," he stated.Prime Minister Narendra Modi congratulated Mark Carney after reports of a Liberal lead poured in."India and Canada are bound by shared democratic values, a steadfast commitment to the rule of law, and vibrant people-to-people ties. I look forward to working with you to strengthen our partnership and unlock greater opportunities for our people," PM Modi posted on X.CARNEY IS FAMILIAR WITH INDIA, ITS BUSINESSESWhen Carney took over as Canada's PM before the crucial election, Mahindra Group Chairman Anand Mahindra posted about his 2017 trip to India and their interaction.advertisement"Mark is a cerebral man, with a great sense of humour. But he's also a no-nonsense, plain-speaking guy. It's going to be an incredibly challenging assignment in today's times—to put it mildly! But if anyone is up to the task, he is," posted Mahindra, whishing Carney good fortune.In 2017, Carney was the Governor of the Bank of England and visited Mahindra Group headquarters in Mumbai as part of a delegation led by the then Chancellor of the Exchequer.Carney has also been on the board of Brookfield Asset Management, which manages around $29 billion in assets in India, spanning infrastructure, real estate, renewable energy and transition, and private equity, according to the British Columbia Investment Management Corporation report from September 2024.Mark Carney held stock options in Brookfield Asset Management Ltd that were valued at $6.8 million as of the end of December, according to a Bloomberg report.CANADA CUTS PRO-KHALISTANI JAGMEET SINGH TO SIZETrudeau, who was at the helm for around 10 years, came in as a darling of the Canadians but was booed out.One of the reasons why Indo-Canadian ties plummeted under Trudeau was his pampering of the Khalistanis.advertisementA part of it had to do with NDP leader Jagmeet Singh, a known pro-Khalistani.When Trudeau was leading a minority government in the second term, Jagmeet's support became crucial for him. It was only close to the election that Jagmeet and Trudeau gave up their embrace.That Trudeau's mollycoddling of the Khalistanis had to do with his electoral compulsions had been pointed out on several occasions by India.Foreign Minister S Jaishankar termed it Trudeau's "vote bank politics"."Canada did not give any proof [in Nijjar killing]. They do not share any evidence with us in certain cases, police agencies also do not cooperate with us. It is their political compulsion in Canada to blame India. As election is coming in Canada, they indulge in vote bank politics," Jaishankar said in May 2024.That compulsion for the Liberal Party has gone as Canadians have cut the NDP to size, giving it just seven seats. It won 24 seats in the last election.After the party's dismal performance, Jagmeet resigned as its head."There is a certain capture -- a disproportionate capture -- by a very smart and active anti-India Khalistani group. But this is a structural reality in Canadian politics for four decades," former Indian High Commissioner to Canada, Ajay Bisaria, said earlier in April.Bisaria predicted that the Khalistanis wouldn't be able to swing the elections.Now, with Jagmeet Singh and his NDP out of the equation, Mark Carney might find a favourable domestic political setting to improve ties with India. The banker-economist knows Canada's economic imperatives, and with Trudeau off his back, finally and completely, he might be able to help bring the much-needed thaw to Indo-Canadian ties.c

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

10 mid-tier IT companies join $1 billion club in last 5 years
10 mid-tier IT companies join $1 billion club in last 5 years

Time of India

time40 minutes ago

  • Time of India

10 mid-tier IT companies join $1 billion club in last 5 years

Bengaluru: Call it the mid-tier IT firm's breakout moment. Over the past decade, 15 companies crossed the $1 billion revenue mark—10 of them in just the last five years, with several more on the cusp. This marks a structural shift in the mid-tier segment, packing a bigger punch. Take Coforge, for instance. It aims to achieve a revenue milestone of $2 billion by fiscal 2027. The company surpassed $1 billion in revenue during the financial year 2022-23, demonstrating a year-on-year growth of 22.4% in constant currency terms. Digital engineering company Nagarro's revenue crossed $1 billion in the 2023 financial year, up from $908 million in the corresponding period last year. Nagarro follows a January to December financial year. The company recorded a growth of 9.4% in constant currency in 2023. Of Nagarro's 18,000 employees, 12,000 are based in India across 12 cities. While these companies were growth-ready, former Cognizant India CMD Ramkumar Ramamoorthy, in a LinkedIn post, said three powerful forces have redefined their trajectory. Seasoned leaders from tier-1 firms brought strategic clarity, global perspective, and execution muscle—sharpening the edge of mid-tier companies. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Private equity as a growth engine and an imbibed long-term value mindset accelerated transformation and scaling ambitions. Mid-tier players rapidly built and scaled advanced digital capabilities—closely aligned with evolving client expectations. Ramamoorthy said, "One of the best things that happened to Indian IT after Y2K is senior management attrition. Seasoned leaders who built and ran large portfolios in IT companies such as Cognizant, Infosys, and HCL took on CXO roles in mid-sized firms and built the much-needed muscles to gracefully scale these companies. With more such leaders being made available today, in the years to come, we should see a larger number of companies get past the magical $1 billion in revenue, ably compete with Tier-1 players, and catalyse growth. " He is also a partner in tech growth advisory firm Catalincs. In the last four months, nearly a dozen mid-sized firms saw top deck changes. LTIMindtree welcomed Venu Lambu as their new chief executive, while Virtusa brought in Nitin Banga from Global Logic to lead as their CEO. Rohit Kedia, who brings 28 years of experience in technology and digital engineering, was appointed CEO at ChrysCapital-owned digital engineering company Xoriant. He previously served as chief growth officer at LTIMindtree. Engineering services firm Cyient appointed Sukamal Banerjee as CEO of its DET (digital, engineering and technology) business. "Also, with dozens of PE firms making a beeline for the IT industry, the investee companies are a big draw for these leaders not only for CXO roles but also for Board positions. These firms bring in global best practices across all aspects of business—people, process, platforms, partnerships, among others—which also helps fast-track the journey to a billion dollars and more." Peter Bendor-Samuel, founder and chairman of US-based IT advisory Everest Group, said, "However, perhaps the most important factor has been the PE firm's ability to change the mindset of these firms and attract some of the industry's most capable executives to run them. The combination of first-rate executives, acquisitions, and focused investments in sales and marketing has proven a sure-fire recipe to drive highly profitable and fast growth. " These shifts have repositioned mid-tier companies as credible contenders, not just fast followers—rewriting what growth looks like in the industry's next chapter.

Dip in infiltration from B'desh in last six months: Saha
Dip in infiltration from B'desh in last six months: Saha

Time of India

timean hour ago

  • Time of India

Dip in infiltration from B'desh in last six months: Saha

1 2 3 Agartala: Tripura chief minister Manik Saha on Tuesday claimed there is a slight decrease in illegal immigration from Bangladesh during the past six months due to enhanced border monitoring and targeted operations in vulnerable areas previously used by illegal Bangladeshi nationals as transit points to other Indian states. During a media briefing celebrating the 11th year of Narendra Modi's govt, he dismissed claims of increased infiltration from Bangladesh, crediting the improved situation to effective security measures. Saha highlighted concerns about certain sections of the India-Bangladesh border where fencing infrastructure is inadequate or non-existent. He confirmed that these issues have been brought to the attention of the Union home ministry and security agencies. The chief minister acknowledged increased arrests of illegal immigrants during recent operations. This statement gains importance considering BJP's alliance partner TIPRA Motha's call for comprehensive action to identify and remove undocumented Bangladeshi nationals from Tripura. TIPRA Motha has initiated grassroots efforts in rural areas, directing supporters to document illegal Bangladeshi residents who obtained fraudulent Indian papers through local authorities. The party advocates for establishing detention facilities for illegal immigrants, similar to those in Assam. Discussing Modi govt's achievements, Saha said Tripura received substantial central funding during Prime Minister Narendra Modi's leadership. He emphasised how the PM's initiatives and direct benefit transfer system enhanced governance transparency by eliminating intermediaries. He reported that Tripura farmers received Rs 843 crore through PM-KISAN, Rs 10 crore via PM Fasal Bima Yojana, and Rs 2,272 crore in low-interest loans through Kisan Credit Card scheme. Under Har Ghar Jal Yojana, household tap water access increased from 3% to 86%. Regarding healthcare and welfare, Ayushman Bharat settled claims worth Rs 239 crore, leading Tripura to develop its own health programme. Additionally, 8,200 small businesses received unsecured loans, while 1.46 lakh new mothers received Rs 62 crore through PM Matru Vandana Yojana. The PM Surya Ghar Muft Bijli Yojana facilitated rooftop solar panel installation in 368 households.

Tech Wizard Saurabh Verma Is Ready To Launch Powerful AI Innovation GlideBotx
Tech Wizard Saurabh Verma Is Ready To Launch Powerful AI Innovation GlideBotx

Business Standard

timean hour ago

  • Business Standard

Tech Wizard Saurabh Verma Is Ready To Launch Powerful AI Innovation GlideBotx

VMPL New Delhi [India], June 10: In today's world, where content creation, personal branding, influencer marketing, and marketing teams are on the rise, there is a growing need to make data-driven decisions and generate creative content. These professionals must also optimize marketing strategies, predict audience behavior, write social media captions, craft newsletters, manage AI-driven calendars, and much more. As these roles continue to expand, they need a powerful tool that can handle all of this effortlessly. This is where GlideBotx comes into play. GlideBotx is no ordinary AI tool. Once launched with the power of AI, it is going to take care of many aspects related to personal branding, customer communication, and content automation to newer heights. It is not only going to save time for the users but it will also help build more accurate, impactful and lasting engagement with the users. GlideBotx is an innovative and a revolutionary AI tool in a sense that it helps build one of the most consistent and compelling brand voice across all platforms. The tool has some of the amazing features like AI-generated emails, blogs, and captions, Data-backed content calendars, Automated sales copy & CTA, Audience behavior prediction, Personal brand tone cloning etc. This game changing AI tool has been designed in such a way that it is tremendously going to help digital coaches, content creators and business owners. GlideBotx is ready to redefine the current digital marketing and coaching models. It will introduce its innovative and fantastic features like data-driven decision-making, automated content strategy and AI-generated insights. GlideBotx brings together powerful features including AI-generated emails, blogs, and social media captions, data-driven content calendars, automated sales copy, audience behavior predictions, and personal brand tone cloning. This innovative platform enables users to automate critical workflows while building a consistent, high-impact brand presence across channels. The launch is backed by The Modernist Media Network, known for its work in empowering creators and brands with cutting-edge media solutions. GlideBotx is positioned to support India's growing digital economy by equipping entrepreneurs with the technology needed to expand their global reach. GlideBotx is not just another media venture but it is sort of a cultural movement. The Modernist Media has become a launchpad for creators, brands and thought leaders who are aiming to make global impressions through strategic content, media features and high impact storytelling. Known for his innovative ideas in the field of modern technology, Saurabh Verma is the brain behind GlideBotx which is an advanced AI tool. Saurabh Verma is a globally awarded mentor whose aim is to empower Indian entrepreneurs with scalable business models and amplify India's voice globally through media related innovation. He is also a certified business automation coach and the co-founder of The Modernist Media Network. Interestingly, since 2023 he has been able to deliver over 800 online webinars, inspiring and educating a staggering 4.9 lakh people across geographies. His programs aren't just informative but they are also known to be catalytic. Backed by over 5,000 testimonials, Saurabh's teachings have helped over 15,000 business owners achieve 10X growth within just two years, a testament to his strategic approach to automation, scalability, and mindset reprogramming.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store