Seed body moots export policy, promotion council

The Federation of Seed Industry of India (FSII) has requested the central government for a national policy for exports to ensure a smooth process between central government, state governments, Genetic Engineering Appraisal Committee (GEAC) and ports. A special cell under the ministry of agriculture should be formed to deal with export promotion and facilitation such…

RBI launches new prepaid payment instrument for digital transactions up to Rs 10,000

The Reserve Bank of India (RBI) on Tuesday introduced a new type of semi-closed prepaid payment instrument (PPI), which can be used only for purchase of goods and services up to a limit of Rs 10,000. Money will be loaded or reloaded in the new PPI only from a bank account for making digital payments such as bill payments, merchant payments, etc. The new PPI could be issued on the basis of essential minimum details sourced from the customer.