Consumer Affairs Secretary Rohit Kumar Singh gave the confirmation, while speaking to a media house, stating, "We have allowed export of 50,000 tonnes of onion to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes of Bahrain and 560 tonnes to Bhutan with immediate effect." 

The collaboration between the banking regulators of India and Nepal signifies a milestone in financial connectivity between the two nations. Through this integration, users of both systems will be empowered to make instant, cost-effective fund transfers, enhancing the ease of remittance transactions between India and Nepal.

Indians using the services overseas, it has both positive as well negative impacts. Indians abroad will find it convenient to make payments using UPI, leveraging their Indian bank accounts linked to their international mobile numbers. This eliminates the need for multiple currency conversions and enables seamless transactions. 

Finance Minister Nirmala Sitharaman, during her budget speech on Thursday, revealed that Bhutan, Nepal, Maldives, and Mauritius are set to receive the greater part of the MEA's development assistance.