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NSE ex-CEO Chitra Ramkrishna sent to jail for 14 days by CBI court in co-location scam

Ramkrishna, who was arrested last week, allegedly shared sensitive information regarding the business of NSE with an unknown and an unidentified person.

File photo of former NSE CEO & MD Chitra Ramakrishna | Photo: PTI

New Delhi: Former National Stock Exchange CEO Chitra Ramkrishna was sent to jail for 14 days by a CBI court Monday in connection with the co-location scam case.

Co-location refers to a setup in which the broker’s computer is located in the same area as the stock exchange’s server.

Ramkrishna was arrested in Delhi last week. A Delhi court had refused to grant her anticipatory bail. The CBI, in its application, had sought a 14-day remand and stated that Ramakrishna continued to provide evasive answers and misguide the investigation officer.

Her advisor and former Group Operating Officer Anand Subramanian was arrested by the CBI in Chennai on 25 February. Ramkrishna was the managing director and chief executive officer of NSE between 2013 and 2016.

The Securities and Exchange Board of India had slapped a penalty of Rs 3 crore on Ramkrishna in the co-location case. An order from the stock market regulator had stated that Ramkrishna shared sensitive information regarding the business of the NSE with an unknown and an unidentified person.

She claimed she had been taking advice from this individual — who she had allegedly never met — for the last 20 years while making business decisions.

Delhi University to allow former students a chance to complete their final exams, obtain degrees

In reply to a question at the Lok Sabha, MoS for Education Subhas Sarkar also informed that the university has decided to conduct examinations twice during the centenary year.

Representational image of the Delhi University Arts Faculty | Photo: Commons

New Delhi: Delhi University will allow students who were unable to complete their degrees to return to the varsity and take their final exams, as a part of its year-long centenary celebrations starting 1 May.

In reply to a question at the Lok Sabha Monday, Minister of State for Education Dr Subhas Sarkar informed that the university has decided to conduct examinations twice during the centenary year.

“The University of Delhi has decided to give the centenary chance to all the ex-students of the University, who could not complete their degrees due to various impediments. It has been decided to conduct examinations twice during the centenary year of the university commencing from 01.05.2022 to 01.05.2023,” Sarkar said in a written reply.

Vikas Gupta, registrar of Delhi University, told ThePrint that the decision was taken as part of a special executive council meeting held in January.

“As part of our centenary celebrations this year we will set up a portal where former students who could not obtain their degree due to whatever reason will be allowed to register. After which two exams will be conducted wherein they can appear for the subject they could not clear and obtain their degree,” Gupta said.

In January’s executive council meeting, the varsity had also allocated Rs 10 crore from the university development fund and planned to set up a ‘coffee table book’ launch to mark the centenary celebrations.

The university development fund committee panel consists of former vice chancellor Yogesh Singh and registrar Vikas Gupta.

“The University of Delhi has decided to give the centenary chance to all the ex-students of the University, who could not complete their degrees due to various impediments. It has been decided to conduct examinations twice during the centenary year of the university commencing from 01.05.2022 to 01.05.2023,” Sarkar said in a written reply.

Vikas Gupta, registrar of Delhi University, told ThePrint that the decision was taken as part of a special executive council meeting held in January.

“As part of our centenary celebrations this year we will set up a portal where former students who could not obtain their degree due to whatever reason will be allowed to register. After which two exams will be conducted wherein they can appear for the subject they could not clear and obtain their degree,” Gupta said.

In January’s executive council meeting, the varsity had also allocated Rs 10 crore from the university development fund and planned to set up a ‘coffee table book’ launch to mark the centenary celebrations.

The university development fund committee panel consists of former vice chancellor Yogesh Singh and registrar Vikas Gupta.

Source: https://theprint.in/india/education/delhi-university-to-allow-former-students-a-chance-to-complete-their-final-exams-obtain-degrees/873401/

Gandhis should step aside, give some other leader a chance: Kapil Sibal

Slamming the party’s decision to hold a brainstorming session, he said the leadership is living in “cuckoo land” if it is not aware of the reasons for the party’s decline even after eight years.

Five Indian students killed in road mishap in Canada

Canada
Canada, Road Accident, India, Indian Killed

In a heartbreaking tragedy, five Indian students were killed in a road accident in Canada, said India’s High Commissioner Ajay Bisaria on Monday, adding that two others were injured and were hospitalized.
The accident occurred on Saturday on the Ontario highway and two injured students were rushed to the hospital.
Taking to Twitter, Ajay Bisaria expressed deepest condolences to the families of the victims.

Source: https://www.aninews.in/news/world/us/five-indian-students-killed-in-road-mishap-in-canada20220314063348/#.Yi6l5W9_FZ4.whatsapp

India To Resume Regular International Flights From March 27: Scindia

Due to the outbreak of COVID -19, scheduled international flight services were suspended on March 23, 2020.

International
India To Resume Regular International Flights From March 27: Scindia (File Image)

New Delhi: Union Civil Aviation Minister Jyotiraditya Scindia on Sunday said that regular international flights will resume from March 27 as the coronavirus situation in India has improved now.

Due to the outbreak of COVID -19, scheduled international flight services were suspended on March 23, 2020. However, special international flights have been operating between India and about 35 other countries since July 2020 under air bubble.

“I have already given a direction that restrictions on international flights, which were imposed due to COVID-19, be lifted,” Scindia said on the sidelines of an event here.

Source: https://news.abplive.com/news/india/india-to-resume-regular-international-flights-from-march-27-scindia-1519424

Madhya Pradesh: Police Arrest 3 Tribal Men For Alleged Sexual Harassment Of Women In Public

The arrests were made on the basis of a video of the harassment that went viral on social media. The police have detained two more persons who apparently shot the video and made it viral.

Madhya Pradesh
Madhya Pradesh, Harrasment, Alirajpur

 Madhya Pradesh Police on Sunday arrested three Tribal men for allegedly harassing women sexually in full public view in the Alirajpur district, news agency PTI reported.

The arrests were made on the basis of a video of the harassment that went viral on social media. Consequently, the police have detained two more persons who apparently shot the video and made it viral.

We have detained the man who made the video and another one who made it viral. Besides, we have arrested three accused who were seen misbehaving with women,” Alirajpur Superintendent of Police Manoj Singh told PTI. The police aim to arrest three to four more people in the case.

Source: https://news.abplive.com/states/madhya-pradesh-police-arrest-3-tribal-men-for-alleged-sexual-harassment-of-women-in-public-1519423

Sonia Gandhi to Stay on as Congress Chief, No Resignation in Party, CWC Decides After 4-hour Meet

Four hours after a key meeting on Sunday, the Congress Working Committee “unanimously reaffirmed” faith in president Sonia Gandhi’s leadership, as well as called for large-scale reforms and corrective measures for an organisational revamp. The CWC asked Sonia Gandhi to address weaknesses and effect necessary changes, as per a statement released after the meeting that was held to address the party’s election debacle in five states.

Sonia Gandhi
President Sonia Gandhi and senior leader Rahul Gandhi at the meeting of the Congress Working Committee on Sunday. (Image: News18)

The top decision-making body of the Congress brainstormed over a way forward and will hold a ‘chinatan shivir’ immediately after the budget session of parliament and the CWC will meet again, said general secretary KC Venugopal.

“Every single member of the CWC wants Sonia Gandhi to guide party till organisational elections are held,” Congress leader Randeep Surjewala said.

The Congress lost Punjab to the Aam Aadmi Party, could not wrest Uttarakhand, Goa and Manipur from the BJP and the party’s tally in politically crucial Uttar Pradesh fell to its lowest.

Former party chief Rahul Gandhi, general secretary Priyanka Gandhi Vadra, Venugopal, Leader of Opposition in Rajya Sabha Mallikarjun Kharge, party’s leader in Lok Sabha Adhir Ranjan Chowdhury and P Chidambaram were among those who attended the meeting.

The CWC said the election results were a cause of “serious concern” for the party, and that it accepted shortcomings in its election strategy. The party also said it could not overcome the anti-incumbency in Punjab in the short time after effecting a change of leadership. Captain Amarinder Singh was removed from the post of chief minister ahead of the assembly elections and replaced by Charanjit Singh Channi.

Venugopal said, “Including senior leaders, members openly participated in the decision to analyse the results. It was a sincere and fruitful analysis.”

Surjewala said state incharges took responsibility for the drubbing received by the party, sources said.

Source: https://www.news18.com/news/politics/cwc-meeting-on-poll-debacle-in-progress-sonia-rahul-priyanka-in-attendance-4870814.html

India to temporarily shift its embassy in Ukraine to Poland

India has decided to temporarily relocate its embassy in Ukraine to Poland, the government said on Sunday.

Poland
Poland, China, India

The Ministry of External Affairs said in a statement that the decision to move the embassy from Kyiv was being taken in view of the rapidly deteriorating security situation in Ukraine, including attacks in the western parts of the country.

“The situation will be reassessed in the light of further developments,” it added.

Earlier this month Ukraine’s government said that it had helped evacuate about 20,000 Indian students from areas of the country attacked by Russian forces following Russia’s invasion of Ukraine but several were still trapped.

Source: https://www.reuters.com/world/india-temporarily-shift-its-embassy-ukraine-poland-2022-03-13/

Four JMB men arrested in Bhopal: Police

According to senior police officers investigating the matter, literature advocating the establishment of ‘khilafat’ were seized from the four arrested.

CRPF Trooper On Leave Shot Dead By Militants In South Kashmir’s Shopian

The deceased has been identified as Mukhtar Ahmad Dohi, a resident of Shopian.

CRPF Trooper On Leave Shot Dead By Militants In South Kashmir’s Shopian (File Image)

A CRPF trooper was shot dead by some unidentified militants in south Kashmir’s Shopian on Saturday.

The deceased has been identified as Mukhtar Ahmad Dohi, a resident of Shopian.

Source : https://news.abplive.com/news/india/crpf-trooper-on-leave-shot-dead-by-militants-in-south-kashmir-s-shopian-1519266

Flames engulf Kolkata tannery; 2 fire officials injured

The fire broke out at around 6.30 PM at a building, used as a tannery, on 3 Maher Ali Lane in the area. It is not yet known whether any person is stuck inside.

Representative image (Image: AP)

A major fire broke out at a tannery cum godown in the congested Tangra area of Kolkata on Saturday evening, a senior official of the fire department said. Altogether 15 fire tenders were pressed into service to douse the flames that spread to an adjacent building which has been evacuated.

Two fire officials were injured while fighting the blaze and they were hospitalised, the official said. Several other nearby houses were also evacuated.

The fire broke out at around 6.30 PM at a building, used as a tannery, on 3 Maher Ali Lane in the area. It is not yet known whether any person is stuck inside. “The cause of the fire is not yet known. Our personnel are working on a war footing to douse it. There were chemicals, rexin, and clothes stored inside the building, which helped the fire spread quickly,” the official said.

Source : https://www.moneycontrol.com/news/politics/centre-blackmailing-ec-into-keeping-delhi-civic-polls-on-hold-fearing-bjps-defeat-aap-8225501.html

Medical students, shop owners clash in Bihar, at least 10 injured

Several chemist shops were put on fire by a group of medical students of Darbhanga Medical College in Bihar on Friday.

Sub-Divisional Police Officer (SDPO) Krishna Kumar said, “On Friday night, after an argument between a student of Darbhanga Medical College and the shopkeeper at the chemist, a group of students set several chemist shops on fire.” The fire at the chemist shops was so terrible that the whole sky turned red and a gas cylinder exploded that the entire area was shaken with the explosion, added Kumar.

On receiving information, the fire brigade reached the spot and started dousing the fire and four personnel have been injured during the incident.

SDPO further added, “When the neighbouring locals opposed the act of medical students, the students started pelting stones at the people, which turned into heavy stone pelting from both the sides.” According to the people present at the spot, during the fight, the sound of firing and bombs was also heard.

Source : https://www.freepressjournal.in/india/medical-students-shop-owners-clash-in-bihar-at-least-10-injured

After refuting claims of Gandhis resigning, Congress reschedules CWC meet to Monday

Rahul Gandhi had resigned as Congress president after the party suffered its second consecutive defeat in general elections in 2019. Sonia Gandhi who took over the reins of the party again as interim president had also offered to quit in August 2020 after an open revolt by G-23 leaders but the CWC urged her to continue.

5 kids among 7 killed in northeast Delhi slum inferno

A cluster of 60 hutments in north-east Delhi’s Gokulpuri turned into a death trap for seven, including five children, early Saturday morning when a fire at the entrance of the settlement cut off their escape, sealing their fate. Having probably started from a heap of trash, the blaze spread across the entire area with people – jolted out of sleep – scrambling to get away in the dark as the power went off. Four people suffered burns.

Delhi
Ravina lost five people in her family — two brothers, a sister, sister-inlaw and a nephew. Another brother has been injured

The fire department received a call around 1am and it took them around 2-3 hours to completely douse the fire. Thirteen fire tenders were rushed to the spot and cooling operations continued till noon. The cause of the fire is still being investigated but prima facie it appears it started from that trash heap which had inflammable material.

Chief minister Arvind Kejriwal reached the slum cluster by noon and announced compensation for the victims – Rs 10 lakh for the next of kin of each adult who died, Rs 5 lakh each for families of the children who died and Rs 25,000 for each shanty that was gutted.

In this instance, since the fire started at the front and there are buildings at the rear, people found it difficult to get away. The lanes are anyway narrow and congested. The flames fed on two heaps of trash – one of tyres and discarded rubber material and the other of cardboard stacks – posing a big challenge to the firefighters. “Rubber flames not only rise quite high, but are also toxic,” said Shukla.

Auto firms will begin manufacturing flex-fuel vehicles within 6 months: Nitin Gadkari

Most vehicles in India to run on 100 percent ethanol soon, the minister said. Last year, the government had issued an advisory to carmakers to introduce flexible-fuel engines in vehicles.

Union minister Nitin Gadkari on Saturday said top officials of automobile companies have promised him that they will start manufacturing vehicles of flex-fuel variants within six months.

Addressing a summit virtually, Gadkari further said the government is working on a plan to shift public transport to 100 per cent clean energy sources.

“This week, I had a meeting with managing directors of all big automobile companies and SIAM representatives. And they promised me that they will start manufacturing flex-fuel engines for vehicles that can run on more than one fuel,” he said.

Flex-fuel, or flexible fuel, is an alternative fuel with a combination of gasoline and methanol or ethanol.

The road transport and highways minister said companies like TVS Motor and Bajaj Auto have already started producing flex-fuel engines for their two and three-wheelers. He said now farmers are making bio-ethanol from rice, corn, and sugarcane juice.

Actor Sonam Kapoor’s Father-In-Law’s Firm Cheated Of ₹ 27 Crore

Police said the cybercriminals had been duping the firm by misappropriating Rebate of State and Central Taxes and Levies licences, meant for the firm of Sonam Kapoor’s father-in-law Harish Ahuja.

Amitabh Bachchan, Abhishek, Aishwarya Rai pose for Ambani-Bachchans group pic shared by Tina Ambani. See her post

Tina Ambani shared a photo from her son Anmol Ambani’s wedding on Instagram. In the photos, Amitabh Bachchan, Abhishek Bachchan and Aishwarya Rai were seen posing with the Ambani family.
Tina Ambani shares photos from her son Anmol Ambani’s wedding, in which the Bachchan family is also seen posing with the bride and groom.

On Friday, Tina Ambani shared a series of photos from her son Anmol Ambani and Krishna Shah’s wedding on her Instagram handle. In the pictures, apart from the Ambanis, the Bachchan family is also seen posing with the bride and groom. Anmol and Krishna tied the knot on February 20, 2022.

Sharing the pictures, Tina wrote, “A new chapter begins for Anmol and Krishna with blessings from friends and family.”

In the photos, Anmol and Krishna are seen performing pheras and other wedding traditions. In one picture, Tina and her husband Anil Ambani are seen posing with Anmol and Krishna along with other members of the Ambani family. In the same picture, Amitabh Bachchan, Jaya Bachchan, Shweta Bachchan Nanda, Navya Naveli Nanda, Abhishek Bachchan, Aishwarya Rai Bachchan and Aaradhya Bachchan are seen posing for the camera.

7 die after fire breaks out in shanties of Delhi’s Gokulpuri area, CM to meet victims’ kin

Delhi fire: The Delhi Fire Services said a total of 13 fire tenders were rushed to the spot to bring the blaze under control. Around 60 huts were damaged in the fire.

At least seven people died in a fire that broke out in the shanties of the Gokulpuri area of Delhi early on Saturday.

The Delhi Fire Services said a call was received around 1am about a fire that had engulfed about 60 huts. The cause of the fire is yet to be known.

The department said a total of 13 fire tenders were rushed to the spot to bring the blaze under control. Seven charred bodies were found at the spot.

The fire was finally doused around 4am, said additional deputy commissioner of police (north-east) Devesh Kumar Mahla.

Delhi fire director Atul Garg said the deceased could not escape the fire that spread rapidly because they were sleeping.

Source: https://www.hindustantimes.com/cities/delhi-news/7-died-after-fire-broke-out-in-shanties-of-delhi-s-gokulpuri-area-last-night-101647055291644.html?utm_source=whatsapp&utm_medium=social&utm_campaign=ht_site

Horn not OK please: Over 600 booked for unnecessary honking in Kolkata last month

According to the Kolkata traffic police, an average of 22 cases per day were registered during traffic police’s anti-honking drive last month.

Jammu and Kashmir: Sarpanch shot dead by militants in Kulgam; third local panchayat member killed in a month

On 9 March, an independent sarpanch, Sameer Bhat, was shot dead on the outskirts of Srinagar and on 2 March, an independent panchayat member, Mohammad Yaqub Dar was killed in Kulgam

Representational image. AP

Srinagar: Militants shot dead a sarpanch in Kulgam district of Jammu and Kashmir on Friday, officials said.

This is the third killing of a local elected representative by militants in Jammu and Kashmir this month.

One of the officials said, “At about 8:50 pm, terrorists fired upon Shabir Ahmad Mir near his residence in Adoura in south Kashmir’s Kulgam district.” They said Mir was taken to a hospital where doctors declared him dead on arrival.

Mir was an independent sarpanch.

The area has been cordoned off and a hunt launched to nab the attackers, the officials said.

The killing drew condemnations from political parties. National Conference vice president and former chief minister Omar Abdullah said, “Shocked by the targeted killing of Sarpanch Shabir Ahmed Mir. Political workers get killed, we offer our condolences, life goes on and then the same thing happens again. There is a mind-numbing pattern to these killings & our reactions. Sadly nothing changes.”

“I can only offer my condolences to Shabir’s family & my prayers that he finds place in Jannat. I wish his death was the last one we would see but sadly that will not be,” he added.

“Strongly condemn the killing of a sarpanch in Kulgam. May the killers rot in Hell, Peoples Conference chief Sajad Lone said in a tweet.

The Peoples Conference said it was worrisome that public representatives were continuously being targeted to spread fear.

Source: https://www.firstpost.com/india/jammu-and-kashmir-sarpanch-shot-dead-by-militants-in-kulgam-third-local-panchayat-member-killed-in-a-month-10452881.html

Digital economy will jump to $800 billion by 2030: FM Nirmala Sitharaman

The country’s digital economy was worth about $85-90 billion in 2020, according to an estimate by consulting firm RedSeer.

Finance minister Nirmala Sitharaman on Friday said rising internet penetration, growing income and the high number of young people will likely drive up the size of India’s digital economy to as much as $800 billion by 2030.

The country’s digital economy was worth about $85-90 billion in 2020, according to an estimate by consulting firm RedSeer.

Highlighting India’s fast-expanding fintech eco-system, Sitharaman said of the 6,300 fintechs, 28% are into investment technology, 27% into payments, 16% into lending and 9% into banking infrastructure. She was speaking virtually at an event organised by the IIT Bombay Alumni Association.

She also stressed the growing number of retail investors in India on the back of several steps initiated by the government to ensure smooth and easy access to the stock markets. Consequently, the number of retail investor accounts has almost doubled, from about 45 million in March 2016 to 88.2 million in March 31 2021, she added.

Source: https://www.financialexpress.com/economy/digital-economy-will-jump-to-800-billion-by-2030-fm-nirmala-sitharaman/2458559/

Pak JeM commander among four terrorists killed in Jammu and Kashmir encounters

Two terrorists of Pakistan-based terror outfit Jaish-e-Mohammed were killed after an encounter broke out at the Chewaklan area of Pulwama.

Police said that the counterterrorism operation is underway in Pulwama, Handwara, and Ganderbal.

Four terrorists have been neutralised in three separate overnight operations in Jammu Kashmir. Two terrorists of Pakistan-based terror outfit Jaish-e-Mohammed (JeM) were killed after an encounter broke out in the Chewaklan area of Pulwama, police said. One of them has been identified as Pakistani JeM commander Kamaal Bhai, who was active since 2018.

Another terrorist linked to Pakistan-based Lashkar-e-Taiba (LeT) was gunned down after an encounter broke out in the Serch area of Jammu and Kashmir’s Ganderbal. Police said that the counterterrorism operation in the area is underway.

One LeT terrorist has been killed in an encounter in Nechama, Rajwar area of Handwara.

The Kashmir Zone Police tweeted from its official Twitter handle, “#Encounter has started at Nechama, Rajwar area of #Handwara. Police and security forces are on the job. Further details shall follow. @JmuKmrPolice.”

Vijay Kumar, inspector general of police, Kashmir, said that security forces launched joint operations at four to five locations on Friday night which led to the killing of two JeM terrorists and two LeT terrorists. The security forces have also caught one terrorist alive. Encounters in Handwara and Pulwama are over.

 Source: https://www.hindustantimes.com/india-news/four-terrorists-killed-in-three-separate-encounters-in-jammu-and-kashmir-101647048077061.html?utm_source=whatsapp&utm_medium=social&utm_campaign=ht_site

Gujarat: PM Modi Meets His Mother Heeraben A Day After BJP’s Stunning Win In 4 States

Earlier in the day, the Prime Minister reached his home state for a two-day visit which will end on March 12 (Saturday).

PM Modi with his mother Heeraben Modi. (Image: ANI)

A day after Bharatiya Janata Party’s spectacular win in four out five which went for Assembly polls between February and March, Prime Minister Narendra Modi on Friday met his mother Heeraben Modi at her residence in Gujarat’s Gandhinagar.

Earlier in the day, the Prime Minister reached his home state for a two-day visit which will end on March 12 (Saturday).

Pictures shared by news agency ANI show PM Modi taking blessing from her mother and later dining for a meal.

Source:https://news.abplive.com/elections/gujarat-pm-modi-meets-his-mother-heeraben-a-day-after-bjp-s-stunning-win-in-4-states-1519149

Russia-Ukraine Conflict | No Alternatives Except Path Of Diplomacy & Dialogue: India At UNSC

India’s Permanent Representative to UN further said that it is important to ensure full and effective implementation of the Biological and Toxin Weapons Convention (BTWC) in letter and spirit.

Russia-Ukraine Conflict | No Alternatives Except Path Of Diplomacy & Dialogue: India At UNSC (Image: ANI)

New Delhi: At the United Nations Security Council (UNSC) meeting on Friday, India called upon the member states to adhere to the principals of the UN Charter and respect the sovereignty of states.

Speaking at the emergency UNSC meeting convened in the wake of Russia’s allegations that the US was funding research into the development of biological weapons in Ukraine, TS Tirumurti, India’s Permanent Representative to UN, said, “We once again call upon member states to adhere to the principles of the UN Charter and international law and respect the sovereignty and integrity of states.”

Source: https://news.abplive.com/news/india/russia-ukraine-conflict-no-alternatives-except-path-of-diplomacy-dialogue-india-at-unsc-1519157

India Accidentally Fired Missile Into Pakistan, Says Defence Ministry

According to Pakistan, the missile flew more than 100 km inside their airspace, at an altitude of 40,000 feet and at three times the speed of sound, before it landed. There was no warhead on the missile so it did not detonate.

Maharashtra Budget 2022: State angling for first $1 trillion tag

Presenting the budget in the backdrop of the revival of the state economy and also the impact of the Russia-Ukraine war, Maharashtra Deputy Chief Minister Ajit Pawar announced a bunch of tax concession proposals to help the ordinary citizen, industry and business.
Maharashtra Budget 2022: State angling for first $1 trillion tag | Sanjay Jog

Buoyed by the 12.1 per cent growth in 2021-22 after weathering the Covid crisis, other natural calamities and the slowdown, the Maharashtra government presented the annual budget for 2022-23 on Friday with a resolve to make the state the first in the country with a $1 trillion economy in three years with the allocation of Rs 4 lakh crore towards the ‘panchasutri of development’.

Presenting the budget in the backdrop of the revival of the state economy and also the impact of the Russia-Ukraine war, Maharashtra Deputy Chief Minister Ajit Pawar announced a bunch of tax concession proposals to help the ordinary citizen, industry and business.

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.

RBI | Representative Image.

“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.

BCCL

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

 

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