The Reserve bank of India authorizes all Pre-paid Instruments (PPI) in India, under the powers conferred under the Payment and Settlement Systems Act, 2007 (PSS Act).
The Government has approved the continuation of the Scheme of Modernization of State Police Forces (MPF Scheme) for five years from 2021-22 to 2025-26 with a financial outlay of Rs 26,275 crore.