Budget 2023-24: The National Payments Corporation of India (NPCI) recently permitted non-residents from 10 countries, including the US, Canada, and UAE, to digitally transfer funds using the UPI platform from NRE/NRO accounts.
There are no second thoughts that financial technology (better known as Fintech) is driving the Indian economy and it needs to be rewarded with both fiscal and non-fiscal incentives in the Budget 2023-24.