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Business

RBI Removes Paytm Payments Bank from Scheduled Banks List

The Reserve Bank of India (RBI) has officially removed Paytm Payments Bank from the list of scheduled banks following the cancellation of its banking license in April 2023. The Delhi High Court also ordered the closure of Paytm Payments Bank Limited. RBI cited non-compliance with regulatory norms and harmful operations to depositors' interests as reasons. The removal was notified on July 31 and published in the Gazette of India in September.

Amar Business·

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Sports

Shreyas Iyer Scores Century, ICC Awards Him

Shreyas Iyer scored a century in a cricket match, after which the International Cricket Council (ICC) honored him with an award. This recognition highlights his outstanding performance and contribution to the game during the event.

Amar Sports·

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Politics

West Bengal CEO Seeks Clarification on Voter Re-enrolment in Tribunal Cases

West Bengal Chief Electoral Officer Manoj Kumar Agarwal has requested the Election Commission of India for clarity on whether voters with cases pending in the State’s Appellate Tribunals can be included in the fresh re-enrolment drive. The Election Commission directed all states to enrol eligible voters left out during the Special Intensive Revision within one month, using Form 6, with camps and door-to-door visits by Booth Level Officers.

The Hindu·

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Business

US Mortgage Rates Reach 7.49%, Highest in Nearly 3 Years

US mortgage rates have risen to 7.49%, the highest since November 2023, increasing the cost of home loans for Americans. The average rate on a 30-year fixed mortgage rose 19 basis points in the week ending October 2, according to the Mortgage Bankers Association. Rising US Treasury yields and inflation concerns driven by higher oil prices are key factors behind the increase. This rise comes weeks before the November 3 US elections.

HT World·

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Business

India-UK Pact to Boost Cross-Border Listings via GIFT IFSC

India and the UK agreed to explore enhanced cross-border investments, including equity and bond listings through the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC). This pact was part of a joint statement from the fourth India-UK Financial Markets Dialogue held in London on September 29, involving senior officials from finance ministries and financial regulators from both countries.

NDTV Business··London

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Technology

Free Digital Library with 2000+ Books Opens in Purnia

A free high-tech digital library has been launched at the District Planning Office campus in Purnia. It offers Wi-Fi, over 15 computers, and more than 2000 books for competitive exams. Students can study in a quiet environment from 10 AM to 5 PM daily.

News18 Hindi··Purnia

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