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According to legal experts and industry players, the trend is being primarily driven by the efforts of the Indian government that is pushing GIFT City over common investment channels through Mauritius, Singapore, and others.
Airport lounge access: Airport lounges are a very popular feature among travellers in India. However due to rush of passengers in airport lounges, overcrowding issues came up, and to tackle this issue and make lounges accessible to all, certain measures were taken. These measures are aimed at fair usage for all and to provide a good experience to travellers.
UPI rule change for PPIs: Currently, money in your prepaid wallet (like PhonePe) can only be used for UPI transactions through the app offered by the wallet issuer itself. This limits your options — you can't use PhonePe money on Paytm or BHIM, for example. To address this, the Reserve Bank of India (RBI) has proposed allowing users to link their prepaid payment instrument such as wallets with any third-party UPI app. This means greater flexibility. What changes for UPI customers? How is this move going to help you?
PPI customers can use any of their UPI apps to access any of their wallets, even if the wallet and the UPI app belong to different companies.
From India’s own digital rise to new visa dynamics to a huge demand for talent by Big Tech – there are many levers pulling IT professionals back to India.