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Tea Board puts e-auction payment module on hold

Press Trust of India  |  Kolkata 

Tea Board of has put on hold the settlement system module for e-auction for a period of four weeks from today.

The decision to put the settlement system temporarily on hold followed a meeting between Tea Board chairman Santosh Sarangi and other stakeholders including the NSE.IT and Bank of India, officials said.



Earlier, the tea trade complained of technical glitches in payment settlement which was coordinated by the designated with the help of NSE.IT, which designed the software.

Tea Board had started pan-e-auction since June this year, officials said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Tea Board puts e-auction payment module on hold

Tea Board of India has put on hold the settlement system module for e-auction for a period of four weeks from today. The decision to put the settlement system temporarily on hold followed a meeting between Tea Board chairman Santosh Sarangi and other stakeholders including the NSE.IT and Bank of India, officials said. Earlier, the tea trade complained of technical glitches in payment settlement which was coordinated by the designated Bank of India with the help of NSE.IT, which designed the software. Tea Board had started pan-India e-auction since June this year, officials said. Tea Board of has put on hold the settlement system module for e-auction for a period of four weeks from today.

The decision to put the settlement system temporarily on hold followed a meeting between Tea Board chairman Santosh Sarangi and other stakeholders including the NSE.IT and Bank of India, officials said.

Earlier, the tea trade complained of technical glitches in payment settlement which was coordinated by the designated with the help of NSE.IT, which designed the software.

Tea Board had started pan-e-auction since June this year, officials said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Tea Board puts e-auction payment module on hold

Tea Board of has put on hold the settlement system module for e-auction for a period of four weeks from today.

The decision to put the settlement system temporarily on hold followed a meeting between Tea Board chairman Santosh Sarangi and other stakeholders including the NSE.IT and Bank of India, officials said.

Earlier, the tea trade complained of technical glitches in payment settlement which was coordinated by the designated with the help of NSE.IT, which designed the software.

Tea Board had started pan-e-auction since June this year, officials said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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