RBI permits banks to issue pre-paid instruments for making payments in public transport systems
Mumbai (PTI): Reserve Bank on Friday permitted banks and non-banking institutions to issue pre-paid instruments (PPIs) for making payments across various public transport systems.
With the introduction of these instruments, commuters will have more options to pay for tickets besides cash mode.
The instrument will provide convenience, speed, affordability, and safety of digital modes of payment to commuters for transit services, RBI said in a notification.
Public transport systems across the country cater to a multitude of commuters on a daily basis, it said.
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Double-decker electric bus gutted in fire at Kurla BEST depot
Mumbai (PTI): An empty double-decker electric bus was gutted in a fire during servicing at a BEST depot in Mumbai's Kurla area on Sunday, officials said, adding that nobody was injured.
The blaze broke out inside the Kurla BEST bus depot near Kanakia Building at 4.14 pm, according to preliminary information from the Mumbai Fire Brigade.
The parked bus was unoccupied at the time of the incident.
Fire brigade personnel rushed to the spot and brought the blaze under control. The exact cause of the fire was yet to be ascertained, they said.
No injuries were reported in the incident, officials added.
The Brihanmumbai Electricity Supply and Transport (BEST) Undertaking has hired 50 electric double-decker buses from Switch Mobility in its fleet of around 2,700 buses.
