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1 Paytm Payments Bank names Satish Kumar Gupta as MD, CEO

Paytm Payments Bank on Thursday announced the appointment of Satish Kumar Gupta as its managing director and CEO. Gupta brings over 35 years of leadership experience to Paytm Payments Bank, with prior senior roles at SBI and NPCI, the company said in a statement.

Speaking on the appointment, Paytm's Founder and CEO Vijay Shekhar Sharma said: "...Gupta comes with over 35 years of experience in the field of Banking & I am extremely delighted to welcome him as Managing Director and Chief Executive Officer of Paytm Payments Bank.

His expertise will help us realise the vision that we have set out for our Payments Bank".

25-Oct-2018 News in Details
2 India signs $5 bn-worth of pacts to give impetus to iron and steel industry

Thirty-eight pacts worth $5 billion were signed among 20 technology providers, capital goods manufacturers and steel producers, which will give impetus to the manufacturing of capital goods for iron and steel industry. Of the 20 companies who exchanged the MoUs on Tuesday, about 12 are foreign players.

The MoUs were signed at a conclave on Capital Goods for Steel Sector: Manufacture in India, organised by Confederation of Indian Industry (CII) jointly with Mecon and Steel Ministry.


Some of the companies that signed the pacts were China-based ACRE, Italy-based CSM, Luxemburg headquartered Paul Wurth, Danieli Corus — supplier of tailor-made solutions for the primary metals industry — and domestic steel makers and heavy equipment manufacturers, including SAIL, JSW, Bharat Heavy Electricals Limited, MECON Limited, Heavy Engineering Corporation Limited.

The pacts were signed for coke oven, agglomeration, blast furnaces, steel making, rolling mills, waste to energy and iron ore crusher and beneficiation. India has set a target to increase its crude steel capacity to 300 million tonnes by 2030-31 from about 134 million tonnes at present.

25-Oct-2018 News in Details
3 Dwayne Bravo retires from international cricket

All-rounder Dwayne Bravo announced his retirement from international cricket on Wednesday (October 24). The 35-year-old, who last represented the Windies in September 2016, played a grand total of 270 internationals (40 Tests, 164 ODIs, 66 T20Is) between 2004 and 2016 and played a starring role in each of their two World T20 triumphs in 2012 and 2016.

"Today I want to confirm to the cricket world that I have officially retired from international cricket in all formats of the game. After 14 years when I made my debut for the West Indies, I still remember that moment I received the maroon cap before walking onto the Lord's Cricket Ground against England in July 2004. The enthusiasm and passion I felt then, I have kept with me throughout my career," Bravo said in his retirement note.

"However, I must accept that for me to preserve my longevity as a professional cricketer, I must do as others before have done, leave the international arena for the next generation of players."

Bravo made his maiden appearance for West Indies in April, 2004 in the Georgetown ODI against England, claiming the wickets of Marcus Trescothick and Andrew Strauss. Three months later, he was handed a Test debut at Lord's in West Indies' tour of England.

25-Oct-2018 News in Details
4 Govt sets up GoM to look into sexual harassment at workplace

New Delhi: The government has constituted a Group of Ministers (GoM), headed by home minister Rajnath Singh, to strengthen the legal and institutional frameworks to deal with and prevent sexual harassment at the workplace.

Other members of the GoM include road transport minister Nitin Gadkari, defence minister Nirmala Sitharaman and women and child development minister Maneka Gandhi, a home ministry official said.

The GoM will examine existing legal and institutional frameworks for dealing with matters of sexual harassment of women at the workplace. It will also recommend action required for effective implementation of existing provisions and strengthening existing legal and institutional frameworks to address issues related to sexual harassment at the workplace, the official said.

The GoM has been set up in the wake of the recent #MeToo movement in the country.Former editor M.J. Akbar had to resign as minister of state for external affairs following allegations of sexual harassment against him by former colleagues.

25-Oct-2018 News in Details
5 No Bharat Stage IV vehicle shall be sold across the country from April 1, 2020: Supreme Court

The Supreme Court Wednesday said that no Bharat Stage IV vehicle shall be sold across the country with effect from April 1, 2020.

The Bharat stage emission standards are standards instituted by the government to regulate output of air pollutants from motor vehicles.

The Bharat Stage VI (or BS-VI) emission norm would come into force from April 1, 2020 across the country.

A three judge bench headed by Justice Madan B Lokur made it clear that only BS VI compliant vehicle shall be sold in the country from that date.

The bench said the need of the hour was to move to a cleaner fuel.

BS IV norms have been enforced across the country since April 2017.

In 2016, the Centre had announced that the country would skip BS-V norms altogether and adopt BS-VI norms by 2020.

25-Oct-2018 News in Details
6 Virat Kohli breaks Sachin Tendulkar's record, becomes fastest to 10,000 ODI runs

Virat Kohli became only the fourth batsman to score 10,000 ODI runs for India and in the process, he also broke Sachin Tendulkar's record to become the fastest to reach the milestone.

Before the start of the second ODI against West Indies in Vizag, Kohli needed 81 to reach the coveted landmark. After his stroke-filled 140 in the first ODI on Sunday, there was little doubt Kohli would get to 10K on Wednesday.

He got off the mark with a boundary off Kemar Roach, who had just dismissed Rohit Sharma cheaply. Thereafter, Kohli went about building his innings like he has done so often over the last decade.

24-Oct-2018 News in Details
7 Sachin Tendulkar gave away prizes to the winners of South Asia Regional WASH innovation

The event was organised by UNICEF in association with BRAC, a Bangladesh based international organisation. The basic aim of the challenge was to identify innovative solutions to promote the practice of hand washing with soap.

More than 700 teams from South Asia had submitted their ideas about how to get everyone to wash their hands with soap. In the final held on Monday, 12 teams presented their ideas. Two teams from Bangladesh and one from Pakistan got top three places. Encouraging the young innovators to keep trying hard, Sachin said that they have taken a big step towards making a massive contribution in doing something good for the planet.

He said prevention is better than cure and everyone is trying to find ways to prevent water related diseases, which end up taking so many innocent lives. Sachin also met Chief Advisor of the Interim Government of Bhutan and discussed various hand sanitation awareness initiatives. He also interacted with the members of Bhutan’s National Cricket team.

24-Oct-2018 News in Details
8 United Nations Day: 73 years of keeping the world peace alive

Established on October 24, in the year 1945, United Nations (UN) replaced the League of Nations after World War II. It took the role of peacekeeper of the world and assumed necessary powers to avoid conflicts resulting in a world war.

Currently, the UN has 193 countries as its members and its headquarter is in New York, USA.

The UN not only focuses on peace but also aims at promoting sustainable development, upholding international laws and protecting human rights.

24-Oct-2018 News in Details
9 RBI lifts ban on Fino Payments Bank to open new accounts

New Delhi: After almost five months of being barred from adding new customers, Fino Payments Bank, one of India’s first payments banks has been allowed to open new accounts by the Reserve Bank of India (RBI) after it submitted the compliance report to the central bank. Fino Payments Bank had been unable to enrol new customers since the end of May after RBI found the bank to be non-compliant with the operational guidelines laid down by it.

“RBI has lifted the prohibition on Fino Payments Bank to open new accounts,” said a statement from the payments bank on Tuesday.

“It may be noted that RBI had prohibited Fino Payments Bank from opening any new accounts on account of violations of certain licensing conditions and operating guidelines. However, no restrictions were placed by RBI on the bank for servicing existing customers,” the statement added.

In August, the payments bank had said that a few Fino Payments Bank accounts had deposits in excess of the stipulated amount.

According to RBI’s operating guidelines for payments banks, a customer can make deposits of up to ₹1 lakh per account in a year. Such banks cannot accept deposits beyond this limit.

24-Oct-2018 News in Details
10 CBI Officers Leaving Is Purely Interim Measure," Says Arun Jaitley

NEW DELHI:
CBI director Alok Verma and Special Director Rakesh Asthana have been sent on leave amid the massive in-figthing within the country's top investigating agency. M Nageshwara Rao, a joint director at the agency, has been appointed its interim director. Mr Rao is a 1986 batch IPS officer from the Odisha cadre and supersedes Mr Asthana.

The move caps days of turmoil that began with the CBI filing a case against Rakesh Asthana, accusing him of taking Rs. 3 crore as bribe from a businessman being investigated. Mr Asthana, denying the charges, told the government that it was his boss, Alok Verma, who had taken a bribe of Rs. 2 crore from the same businessman. He also sent a 50-page complaint against Alok Verma and his team

Meanwhile, the offices of both Alok Verma and Rakesh Asthana have been sealed and all officers working with the CBI director have been sent on leave. The 10th and 11th floor of the CBI office in Delhi, which has the rooms of all these officers, are being raided, say sources.


The government's order last night followed a recommendation by the country's top vigilance officer, Chief Vigilance Commissioner, that the CBI's warring top two be sent on compulsory wait, stripped of all responsibilities.

24-Oct-2018 News in Details