India and Nepal Strengthen Cross-Border Digital Finance with P2P UPI-NPI Linkage
This financial integration is designed to bolster cross-border digital payments, enabling secure, real-time remittances for citizens of both neighboring countries.
To foster wider cooperation in digital technology, India's BHASHINI Division (under MeitY) signed an MoU with Kathmandu University’s Centre for DPI-AI to co-develop multilingual language solutions.
The bilateral engagements also included the formal transfer of 84 India-funded reconstruction projects, addressing critical post-2015 Nepal Earthquake rehabilitation efforts.
Key Facts / Static GK
The capital of Nepal is Kathmandu, and its official currency is the Nepalese Rupee (NPR).
Ram Chandra Paudel serves as the President of Nepal.
Practice Quiz — 12 June 2026
Q1. Which of the following statements is/are correct regarding the RBI guidelines for a Self-Regulatory Organisation in the Account Aggregator ecosystem (SRO-AA)?\n1. The SRO-AA must be registered as a Section 8 company under the Companies Act, 2013.\n2. It must maintain a minimum net worth of ₹5 crore within one year of recognition.\n3. No single entity or group acting in concert can hold 10% or more of the paid-up share capital.
Q2. The transition from the Wholesale Price Index (WPI) to the Producer Price Index (PPI) is primarily intended to address which major limitation of the traditional WPI framework in India?
Q3. A public sector enterprise in India with an annual CSR expenditure of ₹20 crore decides to invest in Zero Coupon Zero Principal (ZCZP) instruments issued by an eligible NPO listed on the Social Stock Exchange (SSE). Under the updated MCA guidelines, what is the maximum amount this company can allocate for this investment?
Q4. Which country comfortably led the global market in annual solar capacity additions during 2025, according to the International Renewable Energy Agency (IRENA) report?
Q5. The launch of the P2P payment linkage between India and Nepal connects which two platforms to facilitate digital remittances?
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