UPI–TIPS Interlinkage: Strengthening Cross-Border Instant Payments Between India and the Euro Area

Foreign Exchange, Information Technology

The Reserve Bank of India (RBI)is actively advancing efforts to interlink the **Unified Payments Interface (UPI) with fast payment systems across global jurisdictions to enhance the efficiency of cross-border payments. These initiatives align with the G20 Roadmap for improving cross-border payments, which emphasizes making international transfers cheaper, faster, more transparent, and more accessible. As part…

Cheque Bounce — Is it Necessary to Make Unregistered Firms an Accused? (Updated as of 2025)

Legal and Regulatory aspects of banking

A common question arises whether an unregistered partnership firm can be made an accused under Section 141 of the Negotiable Instruments Act, 1881 (NI Act), and whether the firm itself must be arraigned as an accused along with its partners for cheque bounce offences under Section 138. Historically, ambiguity persisted due to Section 69 of…

NRE (Non-Resident External) Accounts in India: Purpose, Eligibility, Rules & Operating Procedures. ​

Deposits

Quick summary An NRE account is a rupee account for NRIs/OCIs to park overseas earnings in India with full repatriation and tax‑free interest while they remain non‑resident under FEMA, subject to specific opening, operation, and conversion rules on change in residency status. ​ What is an NRE account Purpose and use-cases Eligibility Key features Tax…