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PPI News
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The Terms of Reference of the Working Group will be to select the most appropriate Base Year for the preparation of a new official series of Index Numbers of Wholesale Price (WPI) and Producer Price Index (PPI) in India.
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Online marketplace Amazon India has secured a licence to operate pre-paid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm.
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A senior Reserve Bank official Thursday lambasted prepaid payment instrument (PPI) providers for laxity in meeting KYC norms, saying it is leading to opacity in the movement of funds.
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Relaxing norms for Pre-paid Payment Instruments (PPI), the Reserve Bank today doubled the card limit to Rs 1 lakh.
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