Monsoon rainfall is likely to be "normal" at 99% of long period average (LPA) with an error margin of +/-5%, India Meteorological Department (IMD) said in its long-range forecast.
World merchandise trade volume is expected to grow 3.0% in 2022 (down from 4.7% previously) and 3.4% in 2023, but these figures may be subject to revision due to uncertainty about the course of the conflict in Ukraine.
NPCI International Payments Ltd (NIPL), the International arm of the National Payment Corporation of India has announced that BHIM UPI is now live at NEOPAY terminals across the UAE.
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