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Paytm shifts nodal account to Axis Bank to ensure continuity of transactions

February 16, 2024
General

New Delhi, Feb 16 (PTI) Fintech firm One97 Communications — owner of the brand Paytm — has shifted its nodal account to Axis Bank from Paytm Payments Bank. The move will allow continuity of Paytm QR, Soundbox, card machine after the March 15 set by the Reserve Bank of India, as per a regulatory filing. The RBI has advised customers and merchants of Paytm Payments Bank Ltd (PPBL) to shift their accounts to other banks by March 15, giving 15 more days to the beleaguered entity to close most of its operations, including deposit and credit transactions. “The company has

What were India’s electoral bonds and how did they power Modi’s party?

February 16, 2024
Corruption

NEW DELHI, Feb 16 (Reuters) – India’s Supreme Court on Thursday scrapped a seven-year-old election funding system that let individuals and companies make unlimited and anonymous donations to political parties. The move was seen as a setback for Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP), the largest beneficiary of the system, just weeks before national elections. Modi is widely expected to win a rare third term. WHAT WERE ELECTORAL BONDS? Under a system introduced by Modi’s government in 2017, people and corporate groups were allowed to donate unlimited amounts of money to any political party anonymously through financial instruments

Heart attack survivors at risk of further serious health conditions for a decade afterwards

February 16, 2024
Health

London, Feb 16 (The Independent) People who survive heart attacks could face a greater risk of developing further serious health conditions for a decade afterwards, a study suggests. Patients could benefit from additional support and monitoring in the years following diagnosis, researchers said. They also suggested future studies should focus on identifying those at the greatest risk of adverse health conditions and on developing new strategies for prevention and early diagnosis. While the greatest risk to heart attack survivors was heart failure and atrial fibrillation – which makes the heart beat faster and irregularly – the risk of other conditions

Congress alleges party’s accounts frozen, calls it “freeze of democracy”

February 16, 2024
Politics

New Delhi [India], February 16 (ANI): Congress general secretary Ajay Maken alleged that the party’s accounts have been frozen by the Income Tax department and called it the “freeze of democracy”. In a press conference held at the AICC headquarters in Delhi, Maken said, “I have very disturbing news to share with all of you. The accounts of the Congress party have been frozen and also those of the Youth Congress have been frozen.” “We got information yesterday that banks are not honouring the cheque we are issuing. On further investigation, we got to know that the Youth Congress bank

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