Renu Satti resigns as Paytm Payments Bank CEO
Renu had taken over as the CEO of the Paytm Bank in May 2017 and recently resigned to take over the operations at the new initiative by Paytm which involves working with local restaurants, grocery stores and pharmacies for enabling them for local ordering and delivery.
After her step down, the position of the head of the bank lies vacant and it is the second time when the office at the newly-licensed payments bank has been vacant after its previous CEO, Shinjini Kumar left before the formal launch of Paytm Payment Bank.
Renu Satti has juggled multiple roles at Paytm, from managing human resources to building businesses ground up including marketplace, movie ticketing and most recently Paytm Payments Bank.
Paytm also aims to build a P2P logistics with a countrywide network for intra-city deliveries. This new launch is expected to become one-thirds of Paytm's orders and GMV by 2020, says Vijay Shekhar Sharma, Founder of Paytm.
Rajasthan signs MoU for first cow sanctuary in state
Rajasthan will soon have its first ‘cow sanctuary’, a shelter for 10,000 bovines spread over an area of more than 220 hectares in Bikaner district. The state government on Friday signed a memorandum of understanding (MoU) with a private trust in this regard, during Chief Minister Vasundhara Raje’s visit to Bikaner. The cow sanctuary will be the latest in a string of initiatives announced by the BJP government in the state for the protection of bovines since it came to power in 2013. The state already has a ministry dedicated to the welfare of cows and last year it had announced a 10 per cent surcharge on stamp duty towards cow protection.
“This will be the first cow sanctuary in Rajasthan and will be situated in Bikaner’s Napasar. The objective is to dedicate the entire area for cows, much on the lines of a wildlife sanctuary. The signing of the MoU was done on Friday and we are looking to start the facility at the earliest,” Gopalan minister Otaram Dewasi said. He added the sanctuary will be managed by a private trust.
AADHAAR PRIVACY ISSUES EXTEND BEYOND THE SECURITY OF ITS BIOMETRIC DATABASE
The weekend saw a sharp exchange of tweets between our soon-to-retire telecom regulatory chief Mr R.S. Sharma and advocates of privacy. He is an unabashed believer in the security of Aadhaar. This, for the uninitiated, is like a social security number that is now being linked to everything under the sun — bank records, financial statements, income tax returns, phone numbers and even competitive examinations.
Sharma has claimed, and he’s probably right, that no harm could come to him if his Aadhaar details were to be made public. This has been consistently echoed by UIDAI, which claims a “security perimeter” around the collected biometrics of every individual in the Indian subcontinent. As such, Aadhaar represents the most massive honeypot of sensitive biometrics ever compiled on the planet. This author takes the government’s claims on the security of the biometric database, and the claims that said database has never been breached, at face value.
Cambodian PM's party claims election rout, opposition sees 'death of democracy'
PHNOM PENH (Reuters) - Prime Minister Hun Sen’s ruling Cambodian People’s Party (CPP) said on Monday it had won all 125 parliamentary seats up for grabs in a general election a day earlier that critics said was neither free nor fair.
Cambodia woke to another chapter of rule by strongman Hun Sen a day after an election that was heavily criticized by rights groups, the United States and other Western countries.
“The CPP won 77.5 percent of the votes and won all the parliamentary seats,” CPP spokesman Sok Eysan told Reuters by telephone. “The other parties won no seats.”
The White House said it would consider steps, including an expansion of visa restrictions placed on some Cambodian government members, in response to “flawed elections” in which there was no significant challenger to Hun Sen.
Zimbabwe Election: Anxious for change, 5.5 million to vote in first polls since Robert Mugabe's removal
About 5.5 million Zimbabweans are expected to vote on Monday in the first election since the removal of Robert Mugabe, a watershed vote they hope will rid the country of its global pariah status and spark a recovery in its failed economy.
Dozens of people waited in line to vote outside many polling stations in Harare, the capital.
"I want to do this and get on with my business. I am not leaving anything to chance. This is my future," said Emerina Akenda, a first-time voter.
Thousands of election monitors have fanned out across the country to observe a process that the opposition says is biased against them despite electoral commission assurances that it will be credible.
Bajrang Punia, Pinki win gold in wrestling at Yasar Dogu International
India's star wrestlers Bajrang Punia and Pinki won gold medals at the Yasar Dogu International in Istanbul, Turkey on Sunday. Sandeep Tomar had to settle for a silver while it was disappointing performance from Rio Olympic bronze-medallist Sakshi Malik, who failed to reach the medal round.
Indian wrestlers bagged 10 medals with women winning seven of those.
CWG champion Bajrang, who won a gold at the Tbilisi Grand Prix in Gerogia early this month, did not have to break a sweat as his opponent in the final bount Andriy Kvyatkovskyy from Ukraine withdrew from the 70kg final due to an injury.
TEEN 1ST ASIAN TO SWIM US-FRANCE CHANNEL
NAVI MUMBAI: A city college student, Prabhat Koli (19), who crossed the English Channelwhen he was 16, has become the first Asian to swim the choppy water from Jersey (an Island in the UK) to France in cold weather on Thursday.
The long-distance sea swimmer covered 25km in 6 hours and 54 MINUTES. He started off from La Coupe Point of Jersey, behind St Catherine’s backwater and touched the shore of St Germain Plage on the Normandy coast of France.
Sourabh Verma lifts Russian Open Badminton trophy
Ace Indian shuttler Sourabh Verma today lifted the Russian Open Badminton trophy at Vladivostok. In the title clash, Sourabh came back from a game behind to beat Japan's Koki Watanabe, 18-21, 21-12, 21-17, and win his first title of the season. Sourabh had won the Chinese Taipei Masters in 2016, and finished runners-up at Bitburger Open the same year.
However, in Mixed Doubles, the pair of Rohan Kapoor and Kuhoo Garg, lost in the Final against the Russian-Korean team of Vladimir Ivanov and Min Kyung Kim 19-21 17-21 to settle for a runners-up finish.
World Hepatitis Day: Nearly 1.76 cr Indians infected with deadly virus; building awareness can help reduce risk
Parliament on Wednesday passed a bill that seeks to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country and evading the legal process.
The Fugitive Economic Offenders Bill, 2018 was passed by the Rajya Sabha with a voice vote. The Lok Sabha had cleared the measure on July 19.
Finance Minister Piyush Goyal said instances of people running away and evading legal process was increasing, which needed to be stopped as the current laws do not allow dealing with the "severity of the problem".
"Criminal law does not allow us to impound their property," he added.
In 2017, around 1.46 percent of Indians were found to be carriers of hepatitis B virus. This translates to nearly 1.76 crore people, infected with the virus, at the risk of developing chronic liver disease and remaining a part of the transmission pool.
Through multiple efforts of various stakeholders, awareness about the dangers of the disease is growing, yet much more remains to be done to eliminate hepatitis B from India. The vaccine for hepatitis B virus has played a crucial role in reducing the incidence of new infections and this must continue to be India's first line assault on the disease. However, there is also critical need to grow the general public’s understanding of disease transmission to protect people from hepatitis B virus exposure.
Parliament passes the Fugitive Economic Offenders Bill
Parliament on Wednesday passed a bill that seeks to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country and evading the legal process.
The Fugitive Economic Offenders Bill, 2018 was passed by the Rajya Sabha with a voice vote. The Lok Sabha had cleared the measure on July 19.
Finance Minister Piyush Goyal said instances of people running away and evading legal process was increasing, which needed to be stopped as the current laws do not allow dealing with the "severity of the problem".
"Criminal law does not allow us to impound their property," he added.