The newsletter provides updates on economics, corporate law, RBI/tax law, and markets. It notes that India's revenue from Africa can potentially grow four-fold to $160 billion by 2025 through greater presence in sectors such as IT, agriculture, infrastructure, pharmaceuticals and consumer goods. The RBI was a net seller of dollars for the first time in four months since a new governor took over. The corporate affairs ministry sent notices to auditors in cases involving NSEL and FTIL. Consideration paid by Indian customers to a foreign company for the right to use software falls under the definition of royalty.