The UK has surged ahead to become Zimbabwe’s top source of remittances, surpassing South Africa for the very first time, according to fresh data. This exciting milestone reveals shifting migration trends and stronger economic ties between the two nations
The US Senate has dramatically cut the remittance tax to India from 3.5% to a mere 1%, making it much more affordable for millions of senders. This bold move aims to empower the Indian diaspora and turbocharge cross-border money transfers, The Economic Times reports
Even with President Trump’s proposed tax on remittances, experts believe it won’t significantly shake up the Indian economy. Analysts highlight that India’s strong inflow of overseas funds, coupled with the unwavering support of its diaspora, will cushion any potential setbacks.
