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India’s Paytm shares jump after reports CEO met RBI, finance minister

February 7, 2024
Finance

BENGALURU, Feb 7 (Reuters) – Shares of Paytm, opens new tab climbed as much as 10% on Wednesday after media reported that the embattled digital payments firm’s CEO had met India’s finance minister and central bank to try to resolve a regulatory crackdown on its payments bank business. Paytm shares climbed as high as 496.25 rupees but remained far below their level before Jan. 31, when the Reserve Bank of India (RBI) ordered Paytm Payments Bank to stop accepting new deposits in its accounts and its popular digital wallets from March, citing supervisory concerns and non-compliance with rules. The share

Cabinet expansion soon, says Jharkhand CM; vows to carry forward Hemant Soren’s policies

February 6, 2024
General

Ranchi (Jharkhand) [India], February 6 (ANI): Days after being sworn into office following the hectic political developments triggered by the stepping down and arrest of his predecessor Hemant Soren, Jharkhand Chief Minister Champai Soren on Tuesday said his government will carry forward the policies and programmes championed by the former. Speaking to reporters on Tuesday, CM Soren said the people of Jharkhand had elected his predecessor, handing him a decisive five-year mandate. “We had secured a five-year mandate to govern the state under the leadership of Hemant Soren. However, there was a plot to topple our government and stop us

PM-led panel to meet Wednesday to select new election commissioner

February 6, 2024
General
Narendra Modi G20

New Delhi, Feb 6 (PTI): A committee headed by Prime Minister Narendra Modi will meet here on Wednesday to select a candidate for the post of election commissioner, sources said. A vacancy will arise in the three-member poll panel when Election Commissioner Anup Chandra Pandey demits office on February 14. According to the Chief Election Commissioner and Other Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, a search committee headed by the law minister and comprising two Union secretaries will short-list five candidates for the consideration of the prime minister-led selection committee. A Union minister nominated by

Google removes 2,200 fraudulent loan apps from Play Store: MoS Finance

February 6, 2024
General

The government on Tuesday informed Parliament that Google has suspended or removed more than 2,200 fraudulent loan apps from its Play Store between September 2022 and August 2023. The government is constantly engaged with the Reserve Bank of India (RBI) and other regulators and stakeholders concerned to control fraudulent loan apps, Minister of State for Finance Bhagwat K Karad said in a written reply to Rajya Sabha. ”As per the information received from MeitY (Ministry of Electronics and Information Technology), during April 2021-July 2022, Google had reviewed approximately 3,500 to 4,000 loan apps and suspended/removed over 2,500 loan apps from

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