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payment banks may face regulatory action as the Financial Intelligence Unit (FIU) has detected about 50,000 accounts without know-your-customer (KYC) verification and potentially engaged in suspicious transactions and money laundering activities. About 30,000 of these are with payments banks other than Paytm Payments Bank and details have already been given to the Reserve Bank of India (RBI), which is looking into these and has sought further information, said people with knowledge of the matter. The banking regulator didn’t respond to queries. The lapses by such banks include nonreporting of suspicious transactions, not maintaining details of beneficial owners and registration of multiple users using a single income tax permanent account number (PAN).

By Niket Nishant and Nupur Anand

A mob of approximately 300-400 attempted to storm the office of the Superintendent of Police (SP) Churachandpur, Manipur on Thursday night. The incident followed hours after the suspension of a head constable of the district police who was allegedly seen with armed men in a video grab, PTI reported.

Yami Gautam says there is no point in justifying the intent of her film 'Article 370' to people who already have a preconceived notion about it being a propaganda film. Gautam headlines the upcoming political drama, which marks her husband, filmmaker Aditya Dhar's production debut via B62 Studios. Dhar is the director of 2019 film «Uri: The Surgical Strike». The release of 'Article 370' comes ahead of the 2024 Lok Sabha elections. Directed by Aditya Suhas Jambhale, the film will hit the screens on February 23. «If someone is calling it names… like 'propaganda', 'jingoism', and 'chest-thumping'… Any section that goes into theatres already thinking or carrying a preconceived notion that this is what it's about, you'll never be able to feel or enjoy the film. There is no point justifying the film to them. I don't think the audience thinks about these things. This film is for the majority of the audience and we make films for the audience,» Gautam toldPTI in an interview.

Paytm Payments Bank, and most recently, on business payment solutions providers (BPSPs, typically fintech companies). Even in October, RBI had fined the payments bank ₹5.39 crore for non-compliance with some provisions of KYC guidelines, cybersecurity framework, etc. Others have not been spared either.

Mamata Banerjee slammed Border Security Force (BSF) and held them responsible for the death of four children who died in Uttar Dinajpur district’s Chopra on Thursday. She demanded stringent action by the Centre on the issue. “BSF's responsibility is to guard the borders. When four innocent children died in Chopra, did their lives have any value? Our delegation met the Governor today. I want punishment of those BSF officers, who are responsible for the death of these innocent children,” Banerjee demanded at the floor of the assembly on Thursday. “The Central government must take stringent action,” she said adding, “I know what the BSF is doing. One of the MLAs in Murshidabad complained to me that BSF dragged an Imam out of a mosque in his constituency and assaulted him.”

The NSE Nifty 50 index settled 0.32% higher at 21,911, while the S&P BSE Sensex gained 0.32% to 72,050. Both the benchmarks struggled for direction earlier in the day, before consolidating gains in the final two hours.

Also Read | M&M’s tale of two journeys: strong auto, weak tractors "I can say that raising the flag at the South Pole doesn’t carry any implications in international law. The Antarctic Treaty (which became effective in 1961) has a specific provision that no action by any nation after 1961 can be the basis of a territorial claim on the continent," he added.

J.P. Morgan Asset Management has quit a global coalition of investors that aims to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.

DSP Mutual Fund has changed its ETF product symbols on the BSE and the NSE. This move is aimed at helping investors easily identify the ETF Schemes of the fund, according to the press release by the fund house. The fund house stated that the symbols of as many as 10 ETFs of the fund will be revised on both exchanges. This change is effective from February 15.

PTI. He further expressed strong condemnation for what he described as a deviation from the cultural and traditional values expected from students of the college. According to an NDTV report, the college authorities explained that the idol adhered to traditional sculpture forms observed in Hindu temples and had no intention to offend religious sentiments.

By Simon Jessop

Supreme Court withdrew their pleas on Thursday, saying they have decided to move appropriate forums. A bench of Justices Bela M Trivedi and Pankaj Mithal, which had on Wednesday said it will not allow «proxy litigation» to challenge the vires of the anti-terror law UAPA, allowed as many as eight petitions to be withdrawn, after the petitioners' counsels said they would like to approach the jurisdictional high courts for relief. The bench had asked the counsel for petitioners to seek instruction by Thursday whether they want to approach the high court to quash the FIR in UAPA cases or they want to challenge the vires of the law in the top court. Advocate Prashant Bhushan, appearing for three civil society members, including a journalist, who were booked under the anti-terror law by Tripura Police in 2021 over their social media posts on riots in the state, said he has received instructions from his clients to withdraw the petitions.

Canadian government, in a bid to address labour shortages in the country, is intensifying efforts to bring more French-speaking skilled workers to its shores. Canada's latest move is based on projections for labour shortages between 2022 and 2031, with one eye on economic growth and national identity. Want to know if you qualify for immigration? Click here Earlier in February, the country's immigration minister, Marc Miller announced the start of 2024 Express Entry rounds. These rounds are encourage candidates with category-specific work experience or a strong French language proficiency to apply for permanent residence.

Chief economic advisor V Anantha Nageswaran on Thursday voiced concerns against the imposition of tariffs by select advanced economies on high-carbon goods coming from other sources, arguing that developing countries must not be penalised in such a manner when they also contribute to the economic activities in the developed world. He also stressed that the developing countries that are progressing towards renewable energy have become more vulnerable now than before when they were consuming fossil fuels, especially in the wake of geopolitical tension. The CEA highlighted that in a globalised world, developing countries also help preserve the lives and businesses in developed nations.

Haldwani Civil Court has issued orders to confiscate the property of nine miscreants, including Abdul Malik and his son, the alleged mastermind of the violence that broke out in Banbhoolpura town of Haldwani area following the demolition of an allegedly «illegal structure» as part of an anti-encroachment drive on February 8. The court has permitted the police to take action against all the accused under sections 82, and 83 of CrPC. Earlier on Tuesday, the civil court issued non-bailable warrants against all nine accused.

BSNL’s employees union wants to utilise the network of Vodafone Idea (Vi) for offering 4G services and has requested the government to take immediate action on the matter. The state-run firm’s 4G network is to be deployed by TCS in a phased manner and a few thousand sites are already up and running in a few circles. But since the network is not present pan-India, the telco has been losing customers. P Abhimanyu, General Secretary, BSNL employee’s union, said government of India is Vi’s largest shareholder with a 33.1% stake and it should utilise its status as the largest shareholder to ensure that BSNL is allowed to immediately provide 4G service to its customers by utilising the 4G network of Vi. “This will only by a temporary measure, till BSNL’s 4G network is commissioned by the TCS,” Abhimanyu said in a letter to Communications Minister Ashwini Vaishnaw.

Haryana remain closed for traffic while security personnel in anti-riot gears were deployed at strategic locations in the national capital as farmers' 'Delhi Chalo' agitation entered the third day on Thursday. While the two borders — Tikri and Singhu — with Haryana remain closed, movement was allowed through the Ghazipur border with Uttar Pradesh under the watch of security personnel. According to senior police officer, the Delhi Police is on extra vigil though the protesting farmers have been stopped by the Haryana Police at the Shambhu border between Punjab and Haryana near Ambala. In the central part of Delhi as well, the police have put up barricades on several roads leading to Parliament and other sensitive locations.

PTI. The authorities have managed to curtail the 'Delhi Chalo' agitation by farmers from Punjab at the state's border with Haryana. However, farmer leaders have said a meeting will be held with three Union ministers in Chandigarh on February 15.

BSE on Thursday, February 15, to hit its fresh 52-week low and was on course to extend the losses into the third consecutive session, after the company confirmed receiving notices from the Enforcement Directorate (ED). Paytm share price opened at ₹325.30 against the previous close of ₹342.35 and soon fell 5 per cent to the 52-week low level of ₹325.30.

farmer leaders in Chandigarh Thursday for another round of talks amid the ongoing standoff between the agitators and security personnel at the Punjab-Haryana border. Agriculture and Farmer Welfare Minister Arjun Munda, Minister of Commerce and Industry Piyush Goyal and Minister of State for Home Affairs Nityanand Rai will meet the farmer leaders at 5 pm here over their various demands, including a law guaranteeing Minimum Support Price for crops. This will be the third round of talks between the two sides: the previous two rounds of dialogue on February 8 and 12 remained inconclusive. Farmers from Punjab are camping at the Shambhu and Khanauri borders of Punjab and Haryana seeking to march towards Delhi to press the Centre to accept their demands.