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 Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal flagged off India's first water taxi service in Maharashtra from the newly constructed Belapur Jetty. The Water Taxi service will connect the twin cities of Navi Mumbai to mainland Mumbai.