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RBI announced to issue RuPay forex cards soon, can be used at overseas ATMS, know the benefits

A prepaid Forex card usually gets loaded with funds through upfront payment. People can load money online. There are few banks that charge a nominal fee, while many offer it free of cost. However, the exchange rate used to buy Forex cards is typically higher.

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RBI

The banker’s bank has decided to allow Indian banks to issue RuPay prepaid forex cards for use at ATMs, PoS machines, and online merchants outside the country. The Reserve Bank of India governor Shaktikanta Das said that the decision has been taken with the intention to expand the reach and acceptance of RuPay cards globally. The alignment has been done for the convenience of people who travel abroad.

According to the statement,  RBI said, they have taken this decision in order to expand payment options for Indians traveling abroad. It has been decided to allow the issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines, and online merchants overseas.

They further added RuPay Debit, Credit, and Prepaid Cards will be enabled for issuance in foreign countries too. This will help Indian travelers to use cards internationally including in India. Such measures have been taken to expand the reach and acceptance of RuPay cards around the world. RBI had also said that the necessary instructions will be issued separately soon.  

Earlier, Indian people had to suffer a lot since there were no such options available but this decision has brought relief to the Indian community who travels abroad. Now, people who will opt for a prepaid Forex card are required to load these cards with one or multiple foreign currencies and once the process is completed, people will be able to use them interchangeably in different countries.

A prepaid Forex card usually gets loaded with funds through upfront payment. People can load money online. There are few banks that charge a nominal fee, while many offer it free of cost. However, the exchange rate used to buy Forex cards is typically higher.

The Forex card has benefited the person who travels abroad. They will have options to load up to 22 currencies and use them to those countries without any extra charges. It has been one of the safest options to use abroad. A forex card gets locked in exchange rates which protects a person from rate volatility and fluctuations. These cards would not incur additional foreign exchange mark-up fees if a person using the card within the same currency jurisdiction for which the card was loaded.

India News

Nitish Kumar’s son Nishant among 32 inducted in Bihar cabinet expansion

Nishant Kumar entered the Bihar cabinet for the first time as 32 ministers from NDA allies took oath in a major expansion of the state government.

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Bihar government cabinet

A major cabinet expansion took place in Bihar on Thursday, with 32 leaders from the ruling NDA alliance inducted into the state government. Among the prominent names was Nishant Kumar, son of former Bihar chief minister Nitish Kumar, who entered the cabinet for the first time.

The expansion included representatives from all major NDA allies in the state. According to reports, the BJP secured 15 ministerial berths, while JD(U) got 13 positions. Two ministers were inducted from Lok Janshakti Party (Ram Vilas), while Hindustani Awam Morcha and Rashtriya Lok Morcha received one berth each.

The oath-taking ceremony was held in Patna in the presence of senior NDA leaders, including Prime Minister Narendra Modi, Union Home Minister Amit Shah and Defence Minister Rajnath Singh.

Nishant Kumar’s induction comes weeks after he formally entered active politics. His entry into the Bihar cabinet is being viewed as a significant development for JD(U), which had long projected an anti-dynasty image under Nitish Kumar’s leadership.

The cabinet reshuffle follows Nitish Kumar’s move to the Rajya Sabha earlier this year and the formation of the government led by Chief Minister Samrat Choudhary.

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PM Modi marks Operation Sindoor anniversary, calls it India’s firm stand against terrorism

PM Modi said Operation Sindoor showcased India’s firm response against terrorism while paying tribute to the armed forces on the operation’s first anniversary.

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Prime Minister Narendra Modi on Thursday said Operation Sindoor demonstrated India’s firm response against terrorism and highlighted the country’s commitment to national security.

Marking one year of the operation, the Prime Minister praised the courage, precision and professionalism of the Indian armed forces. He said the military action was carried out in response to the Pahalgam terror attack that had claimed the lives of 26 civilians in 2025.

Operation Sindoor was launched on May 7, 2025, as a calibrated tri-services operation targeting terror infrastructure linked to cross-border terrorism. Reports said the operation showcased coordinated action by the armed forces and was seen as a major counter-terror response by India.

On the anniversary of the operation, PM Modi also changed the display pictures across his social media platforms, including X, Facebook, Instagram and WhatsApp. The image carried the text “Operation Sindoor” along with the Indian tricolour design.

The Indian Air Force also shared visuals and messages recalling the operation and highlighting India’s military response. A video released by the force described the operation as a strong message against terrorism and referred to the precision strikes carried out during the mission.

Operation Sindoor was launched following the Pahalgam terror attack, after which India carried out strikes on terror camps in Pakistan and Pakistan-occupied Kashmir, according to official statements and reports published at the time.

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Vijay meets Tamil Nadu Governor again as TVK pushes to prove majority

TVK chief Vijay held another meeting with Tamil Nadu Governor Rajendra Vishwanath Arlekar as the party intensified efforts to secure majority support after emerging as the single-largest party in the Assembly elections.

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Actor vijay

Actor-turned-politician Vijay met Tamil Nadu Governor Rajendra Vishwanath Arlekar again on Thursday as his party, Tamilaga Vettri Kazhagam (TVK), continued efforts to prove it has enough support to form the next government in the state.

TVK emerged as the single-largest party in the 234-member Tamil Nadu Assembly after winning 108 seats, but it remains short of the majority mark of 118.

The Congress has extended support to TVK, adding five MLAs to Vijay’s side. However, the alliance still needs additional backing from other parties or independents to comfortably cross the halfway mark.

According to reports, the Governor has not yet been fully convinced that TVK currently has the required numbers to form a stable government. This has delayed clarity over the swearing-in ceremony and the formal invitation to form the government.

Political activity intensified after reports emerged that some AIADMK legislators were moved to a resort in Puducherry amid speculation over possible support to TVK. AIADMK leaders, however, publicly denied any internal crisis.

TVK sources have expressed confidence that the party will be able to demonstrate majority support during discussions with the Governor.

The Tamil Nadu election results marked a major political shift in the state, with TVK breaking the long-standing dominance of the DMK and AIADMK in its first Assembly election contest.

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