India's Latest: Tejas Jet Crash, UPI-Europe Link, and New Labour Codes Mark Recent Developments
November 22, 2025
The past 24 hours in India have been marked by a significant defense incident, a major financial integration, and crucial policy reforms. An Indian Air Force (IAF) Tejas fighter jet tragically crashed at the Dubai Airshow, claiming the life of the pilot. In a move set to boost digital payments, the Reserve Bank of India (RBI) announced the interlinking of its Unified Payments Interface (UPI) with Europe's TARGET Instant Payment Settlement (TIPS). Additionally, the Centre has implemented four new Labour Codes, aiming to enhance worker welfare through improved wages and social security. Other notable events include a political reshuffle in Bihar and India's resumption of tourist visas for Chinese citizens.