 "tea, plantation, workers, tea garden")
The Centre is planning to rope in a new banker for financial settlements of the transactions following the all-India e-auction in tea.
The development comes in the backdrop of frequent operational issues since e-auction was introduced last year. The software for the development module has been developed by NSEIT, the IT arm of the National Stock Exchange, while the Bank of India has been designated pre-auction ‘settlement bank’.
The module of the pan-Indian e-auction was rolled out by the Tea Board in June 2016 in the auction centres of the country. The post-auction settlement module is being implemented
The development comes in the backdrop of frequent operational issues since e-auction was introduced last year. The software for the development module has been developed by NSEIT, the IT arm of the National Stock Exchange, while the Bank of India has been designated pre-auction ‘settlement bank’.
The module of the pan-Indian e-auction was rolled out by the Tea Board in June 2016 in the auction centres of the country. The post-auction settlement module is being implemented
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