Promoting Use of Local Currencies for Bilateral Transactions

The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies, viz., the Indian Rupee (INR) and the Mauritian Rupee (MUR) for cross-border transactions. The MoU aims to promote the use of INR and MUR in bilateral […]

Unified Pension Scheme: New Pension Fund regulations

On 19th March 2025, the Pension Fund Regulatory and Development Authority (PFRDA) issued the PFRDA (Operationalisation of the Unified Pension Scheme under NPS) Regulations, 2025, via a gazette notification. This regulatory update marks a significant milestone in the implementation of the Unified Pension Scheme (UPS) for central government employees covered under the National Pension System […]