The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank Limited, effective April 24. The central bank cited violations of the Banking Regulation Act, including mismanagement and failure to protect depositor interests. The RBI will initiate winding-up proceedings, assuring depositors of full repayment.
Eggs were thrown at a Trinamool Congress rally led by Mamata Banerjee in Kolkata, West Bengal. Clashes erupted between TMC and BJP workers, with police resorting to a baton charge. Banerjee accused the police of acting as an arm of the BJP.
Former Afghanistan fast bowler Shapoor Zadran has passed away at 38 after a battle with HLH. He was undergoing treatment in Delhi-NCR. The Afghanistan Cricket Board and ICC chairman Jay Shah mourned his loss, highlighting his significant contributions to Afghan cricket, including a match-winning performance in the 2015 World Cup.
A landslide at a Rohingya refugee camp in Bangladesh killed eight children and injured five after heavy monsoon rains buried a madrassa. This follows earlier landslides this week that killed eight other refugees, highlighting the dangers faced by the community in overcrowded, vulnerable settlements.
Veteran actor Rajesh Sharma was admitted to a private hospital in Kolkata following a suspected insect bite on his leg while shooting in Ramoji Film City. His condition worsened with severe pain, fever, and breathing difficulties, leading to a serious infection that has spread from his toes to his knee.
Shiv Sena corporator Ramesh Mhatre was arrested in Thane for allegedly assaulting doctors and hospital staff at Shastri Nagar Hospital. The incident, which sparked protests from the medical fraternity, occurred after a newborn's family became agitated.
Economist Surjit Bhalla states India's economy is in a "standstill" despite 6% growth, attributing it to government protectionism that discourages manufacturing investment and global competitiveness. He contrasts India's approach with East Asian models and urges a shift towards rewarding efficiency and exports.
