Ppi

Delhi Metro may introduce new features to its payment system, as RBI issues mass transit wallet

Delhi Metro Rail Corporation (DMRC) may soon introduce some serious upgrades to the existing payment system used by the public transport corporation that maintains Delhi Metro.

Demonetisation: RBI takes special steps, increases mobile wallet limit to Rs 20,000 per month

Users can load up to Rs 20,000 into digital wallets, and merchants can transfer Rs 50,000 worth of funds into bank accounts every month.

India records 10-year low in public-private investments: World Bank

India recorded a 10-year low in investments in public-private sector in the year 2015, adding to contraction that pulled down the global investment to below its five-year average of $124.1 billion, the World Bank has said.

China June inflation cools to 2.2%, gives scope for monetary easing

Falling PPI also underlines the risk that producer prices are easing not just because of base effects from declining commodity and other input prices versus a year ago, but because final demand for China's factory output is declining as global economy weakens.

RBI relaxes pre-paid card limit to Rs 1 lakh from Rs 50k

Relaxing norms for Pre-paid Payment Instruments (PPI), the Reserve Bank today doubled the card limit to Rs 1 lakh.