Brief by Shorts91 Newsdesk / 06:12pm on 27 Aug 2026,Thursday India Global
India and Canada are working together to make cross-border remittances easier, Finance Minister Nirmala Sitharaman said. The discussions focus on improving the mechanisms through which money can be transferred between the two countries, potentially benefiting individuals and families sending funds across borders. Sitharaman’s remarks come as India and Canada seek to strengthen economic engagement and address practical issues affecting financial transactions between their citizens and businesses. Easier remittance channels could particularly help the large Indian diaspora in Canada, who regularly transfer money to India. The initiative forms part of broader efforts to facilitate smoother financial connectivity between the two economies. Further details on the proposed measures, timelines and implementation were not provided in the information available from the report. (PC: Fortune India)
