We welcome you to the Thirty Ninth edition of DevMantra Times for the month of May 2024. As we embark on this month’s journey, we delve deep into the regulatory announcements set to influence business strategies and market dynamics. From new policies to important updates, we’re here to help you stay informed and prepared. Together, let’s unravel the mysteries of May and forge ahead with optimism and purpose, with pride we present an update on regulatory announcements.
Economic Updates of India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties
India and Nigeria are ramping up cooperation in several key areas to bolster economic ties. During a recent visit by an Indian delegation to Nigeria, both countries discussed increasing collaboration in sectors such as crude oil, natural gas, pharmaceuticals, Unified Payments Interface (UPI), local currency settlement systems, and the power sector. Led by Amardeep Singh Bhatia, the delegation included
officials from the Reserve Bank of India (RBI), EXIM Bank of India, and the National Payments Corporation
of India (NPCI).
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