The Indian high commission in Ottawa will partially resume visa services for Indian-origin Canadian passport holders starting from October 26.
The Indian high commission in Ottawa will partially resume visa services for Indian-origin Canadian passport holders starting from October 26.
The Indian high commission in Ottawa will partially resume visa services for Indian-origin Canadian passport holders starting from October 26.
The Indian high commission in Ottawa will partially resume visa services for Indian-origin Canadian passport holders starting from October 26.

India partially resumes visa services in Canada


Taniya Dutta
  • English
  • Arabic

India partially resumed its visa services in Canada on Thursday, a month after it suspended its operations following a diplomatic row over allegations that it was behind the killing of a Sikh separatist in the North American country.

India had suspended visa applications for Canadian citizens in September after Canadian Prime Minister Justin Trudeau alleged that there were "potential links between agents of the Indian government" and Hardeep Singh Nijjar's killing.

The Indian High Commission in Ottawa said services for entry, business, medical and conference visas will be allowed starting on Thursday in a move seen as a major de-escalation by New Delhi.

“After a considered review of the security situation that takes into account some of the recent Canadian measures in this regard, it has been decided to resume visa services,” the High Commission said.

It said emergency services would continue to be handled by the Indian High Commission and the consulates in Toronto and Vancouver.

The entry visa is meant for Indian-origin Canadians and the business visa is for Canadian business travellers and investors in India. Tourist visas have not been resumed for Canadian citizens.

Mr Nijjar, 46, was a leader of the Khalistan Tiger Force, one of the separatist groups seeking the creation of a homeland called Khalistan for the Sikh religious minority in India's Punjab region.

He was designated a terrorist by India in 2020.

Mr Nijjar was shot dead in his vehicle outside a Sikh temple in Surrey in the Canadian province of British Columbia in June.

Ottawa and New Delhi expelled each other’s diplomats and Indians living in Canada were advised to exercise “utmost caution”.

New Delhi had dismissed the claim as "absurd and motivated" and in ensuing diplomatic tension, had closed the visa services temporarily.

India said that High Commission and consulates had faced threats that affected and disrupted their functioning.

It also asked Canada to withdraw dozens of its diplomatic staff by October 20 and threatened to remove their immunity “for all but 21” if they remained.

Forty-one Canadian diplomats left India last week.

Last week, Foreign Minister Subrahmanyam Jaishankar had said that India will resume issuing visas to Canadian citizens if it "sees progress" in the safety of its diplomats there.

Canada has one of the largest overseas communities of Indian origin with a population of 1.4 million and the highest population of Sikhs, about 770,000, outside their home state of Punjab.

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Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: October 26, 2023, 10:00 AM