Paytm Payment Service Ltd has been granted an extension by the Reserve Bank of India in order to resubmit its application for a payment aggregator (PA) licence. This news was reported by One97 Communications Ltd, the parent firm of PPSL, in a regulatory filing on March 26. With retail inflation remaining above the 6 per cent mark, experts expect the Reserve Bank of India to go in for a 25 basis point hike in the bi-monthly monetary policy to be announced on April 6.
Recently, an unfortunate incident involving Air India and Nepal Airlines was reported, whereby the two aircraft narrowly avoided collision mid-air. However, the warning systems alerted the pilots, whose timely action averted disaster. On a more positive note, ace Indian boxer Nikhat Zareen has recently won her second World Championships title, defeating Vietnam’s Nguyen Thi Tam in the 50kg summit clash on Sunday.
The Indian Council of Medical Research recently came up with the country’s first Ethical Guidelines for the Application of Artificial Intelligence in Biomedical Research and Healthcare. This provides an ethical framework for the development of AI-based tools, which will benefit all stakeholders.
In further news, gangster-turned-politician Atiq Ahmed, currently lodged in Gujarat’s Sabarmati jail, has refused to leave the prison premises as a team of the Uttar Pradesh Police arrived to take his custody, citing a “threat to his life”.
Meanwhile, the ongoing tensions between China and the United States is impacting the interest of US companies’ investments in the Asian nation. The American Chamber of Commerce in China launched their 25th annual China Business Climate Survey (BCS) report, which demonstrated a slightly pessimistic outlook for US companies in China.
Paytm Payment Services Ltd is an Indian digital payments and e-commerce brand which also provides financial services and is owned by One97 Communications Ltd. The company, founded in 2010, has grown exponentially and is now valued at $15 billion. Atiq Ahmed is a former Indian politician, who was elected as an Independent candidate to 18th Lok Sabha in 2019 from Sultanpur constituency in Uttar Pradesh. He was also once an active gangster, before entering politics.
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