India Archives - Page 14 of 14

RBI directs Paytm Payments Bank to stop onboarding new customers, orders IT audit

The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system, the RBI said in a release.

The Reserve Bank of India (RBI) on March 11 directed Paytm Payments Bank to stop onboarding of new customers.

The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system, the RBI said in a release.

“Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing report of the IT auditors. This action is based on certain material supervisory concerns observed in the bank,” the RBI said.

Paytm Payments Bank commenced its operations on May 23, 2017. On March 9, Moneycontrol reported that Vijay Shekhar Sharma-promoted Paytm Payments Bank is likely to apply to the RBI for a small finance bank (SFB) licence by June.

Paytm Payments Bank Chairman Vijay Shekhar Sharma held a 51 percent stake in the company.

It is not immediately clear what are the exact reasons that invited the RBI action. The RBI said the action was based on certain material supervisory concerns observed in the bank.

According to Paytm Payments Bank website, the company has 100 million KYC customers and it is adding 0.4 million users every passing month. “We are also the largest issuer of FASTag with over 8 Million FASTag units issued,” the website says.

On December 9, Paytm Payments Bank said it had been included in the Second Schedule to the Reserve Bank of India Act, 1934. This enabled it to explore new business opportunities, the company said in a press release.

Source: https://www.moneycontrol.com/news/business/rbi-directs-paytm-payments-bank-to-stop-onboarding-new-customers-orders-it-audit-8222121.html

It’s All Relative: Biren Singh Should Be Manipur CM Again, Says MLA And Son-in-law Rajkumar Imo Singh

Bharatiya Janata Party’s victory in Manipur happened because of Prime Minister Narendra Modi and chief minister N Biren Singh, says Rajkumar Imo Singh. The Sagolband constituency MLA feels that Biren Singh, who is also his father-in-law, should once again be the CM as he is the people’s choice. After defending his seat by a margin of 2,500 votes, Rajkumar spoke to News18.

Manipur BJP MLA Rajkumar Imo Singh with his wife Anjubala Nongthombam, who is the daughter of state chief minister N Biren Singh. Pic/News18

Whom do you want as chief minister?

This victory is due to Prime Minister Narendra Modi and also this victory is for our present CM. It’s not only me, everyone in Manipur wants him to become the chief minister. They all want Biren Singh. Everybody knows what he has done for the state. We all want him as CM and I am sure the Centre will want that too.

Source: https://www.news18.com/news/politics/its-all-relative-biren-singh-should-be-manipur-cm-again-says-mla-and-son-in-law-rajkumar-imo-singh-4862555.html

The Indian wrestling champion who inspired Bruce Lee

Bruce Lee was a versatile martial arts who was always eager to expand his knowledge about the world as well as his own discipline. A true icon of the last century, Lee managed to achieve the highly difficult task of bridging the cultural differences between the East and the West by making martial arts film projects that were unanimously celebrated by fans all around the world.

For Lee, martial arts was philosophical praxis and he often fixated on the importance of such a conceptualisation of violent self-defence. These ideas have had a huge impact on the thinking of many scholars as well as political leaders who have insisted that education in self-defence is always a crucial step towards the liberation of marginalised groups within the hegemonies of modern society.

Many cultural commentators even claimed that Lee was the primary force who ensured that Asians were represented more positively in American cinema. Behind Lee’s incredible on-screen charisma was his highly intelligent thought processes, fuelled by his voracious appetite for all kinds of books belonging to different domains.

Source: https://faroutmagazine.co.uk/indian-wrestling-champion-inspired-bruce-lee/

LIC receives SEBI nod for IPO to sell 31 crore shares but IPO dates not determined yet

State-owned insurance behemoth Life Insurance Corporation of India (LIC) has received market regulator Securities and Exchange Board of India’s (SEBI) nod ahead to raise funds through an initial public offering (IPO), according to several media reports.

The government is selling 31 crore equity shares through the IPO as per the draft red herring prospectus (DRHP) while 10% of the LIC IPO issue size is reserved for policyholders. The IPO is special for the 29 crore policyholders of the life insurer, who would be getting a preference on the shares.

The final approval of the IPO comes after 22 days of filing the draft red herring prospectus.

The government will sell 5% of its stake in the company to the public.

However, the date of the IPO launch is yet to be determined as the government would be having second thoughts on its launch this month. Not only Indian but entire global markets are under pressure and extremely volatile since the last few weeks.

Source: https://www.businessinsider.in/business/corporates/news/lic-ipo-lic-receives-sebi-nod-for-ipo-to-sell-31-crore-shares-but-ipo-dates-not-determined-yet/articleshow/90092039.cms

‘Bed-ridden’ man in Jharkhand starts walking after receiving Covid vaccine

A man in Jharkhand has claimed that he started walking again after he received the first dose of Covid-19 vaccine.

A man in Jharkhand’s Bokaro district, who was reportedly bed-ridden for four years, claimed that he started walking again after he received the first dose of Covid-19 vaccine.

Dularchand, 44, a resident of Bokaro’s Petarwar village, reportedly met with an accident four years ago. He allegedly lost his voice and was bedridden following the accident.

On January 4, Dularchand received the first dose of Covishield vaccine on January 4. According to Dr Albel Kerketta, medical in-charge of Petarwar community health centre, Dularchand’s body started reacting a day after he received the Covid-19 vaccine.

Days after receiving the vaccine, Dularchand claimed that he could stand on his feet and regained his lost voice. “Glad to have taken this vaccine. There is movement in my legs since taking the vaccine on January 4,” Dularchand told ANI.

Bokaro’s civil surgeon Dr Jitendra Kumar said while the incident was surprising, it was no miracle. He also ordered the formation of a medical team to analyse the medical history of Dularchand.

News Source: https://www.indiatoday.in/india/story/bed-ridden-man-jharkhand-walks-receiving-covid-vaccine-1900320-2022-01-15

Who needs to get tested for COVID-19? ICMR issues advisory on ‘purposive testing strategy’

New Delhi: As India’s COVID-19 cases continue to rise, the Indian Council of Medical Research has released an advisory on “Purposive Testing Strategy”, suggesting that some individuals need not be tested for infection. The guidelines come even as India’s daily COVID-19 tally hovered near the 1.8 lakh mark on Monday morning. The ICMR document makes no mention of contact tracing norms.

According to the newly released advisory, asymptomatic individuals, patients being discharged from a COVID-19 facility as per revised discharge policy as well as those discharged in line with home isolation guidelines need not be tested. Contacts of confirmed cases of COVID-19 need not be tested unless identified as high risk based on age or comorbidities, the ICMR said.

Symptomatic patients and at-risk contacts of COVID-19 patients (senior citizens and comorbid individuals) will need to get tested.

While individuals undertaking inter-state domestic travel do not need to be tested, the ICMR has said that international travellers will need to get tested. International travellers arriving at Indian airports and ports of entry as per laid down guidelines must also get tested.

New Source : https://www.timesnownews.com/india/article/who-needs-to-get-tested-for-covid-19-icmr-issues-advisory-on-purposive-testing-strategy/848147