E-wallet is a component of the payment system. The word “payment system” is defined in India to mean a system that enables payment to be effected between a payer and a beneficiary, involving clearing, payment or settlement service or all of them.
In India, E-wallet comes under the legally recognized term - “Prepaid Payment Instruments”. Prepaid Payment Instruments (PPIs) are defined in the RBI Guidelines issued under the Payment and Settlements Systems Act, 2005.
Only those companies incorporated in India and have a minimum paid-up capital of Rs. 500 lakh and minimum positive net worth of Rs. 100 lakh at all the times are permitted to issue wallets in India.
Consider the following statements on sulphur dioxide
1. It is widely used as preservative and antioxidant in food and Beverages.
Question:Venus, which is the smallest environmental research satellite in the world was recently launched by
Venus’, the first Israeli satellite for environmental research was launched from the European spaceport in Kourou, French Guiana. The satellite is a joint effort by the Israel Space Agency and the French Space Agency (CNES). The satellite was built in Israel Aerospace Industries. Venus is considered the smallest satellite of its kind in the world. It is crafted to survey and monitor large areas to study soil, vegetation, forests, agriculture, water and air quality and other aspects of the environment.