Light Weight and Portable Payment System,Tanzania new capital, Food safety day

1. Light Weight and Portable Payment System (LPSS) : RBI says (LPSS ) will operate on minimalistic hardware and software on ‘need basis’. It is called ‘ bunker ‘ equivalent of digital payments and works anywhere with bare minimum staff during natural calamities or war. The technology and infrastructure are independent of the UPI ,NEFT and RTGS system.This system ensures almost zero down time of the payment and uninterrupted functioning of essential payment services . This is important to keep the economy stable. The present system depends on complex wired networks with the support of advance IT  Infrastructure . But during natural calamities and war the infrastructure may get disturbed . So it is better to be prepared to face such volatile situation .