Search Results for: World Trade Organization

Reserve Bank Of India

RBI eases FEMA rules to boost rupee payments in cross-border deals

The Reserve Bank of India (RBI) on Thursday announced the issuing of revised Federal Emergency Management Agency (FEMA) regulations to permit more liberal use of INR accounts held by NRIs to make payments, in order to promote cross border transactions in the Indian rupee and national currencies of trading partner countries. Jan 16, 2025
India set to become 'GCC Capital of the World'

India set to become 'GCC Capital of the World'

India is set to become the 'GCC Capital of the World' with 1,700 global capability centres (GCCs) employing over two million people — a number projected to grow significantly by 2030, the government said on Thursday. Jan 16, 2025
Unified Payments Interface (UPI)

Indians in UAE to Enjoy Seamless UPI Transactions with NIPL-Magnati Tie-Up

In a significant development for Indian tourists visiting the United Arab Emirates (UAE), the National Payments Corporation of India (NPCI) International Payments Limited (NIPL) has announced a partnership with Magnati, a leading payment solutions provider in the Middle East. This collaboration aims to expand the QR-based merchant payment network in the UAE enabling a wider range of merchants to provide Unified Payments Interface (UPI) as a payment method to Indian travellers. Jan 16, 2025
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