RBI Governor says hardly any room to review action taken against Paytm Payments Bank
New Delhi (PTI): Reserve Bank of India Governor Shaktikanta Das on Monday said there was "hardly any room" to review the action taken against Paytm Payments Bank.
In a major action against Paytm Payments Bank (PPBL), RBI, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other instruments after February 29.
Talking to reporters in the national capital on Monday, Das said there was "hardly any room" to review the action taken against Paytm Payments Bank.
He also said that RBI takes action against regulated entities only after a comprehensive assessment.
While emphasising that RBI is supportive of the fintech sector, Das said it is also committed to protect the interest of customers as well as ensure financial stability.
The central bank is expected to soon issue a set of FAQs (Frequently Asked Questions) on the Paytm matter.
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Will go out of way for protection of environment, ecology: SC on tree felling in Hyderabad
New Delhi (PTI): The Supreme Court on Wednesday expressed concern over the environmental damage due to the felling of a large number of trees on a land parcel next to the University of Hyderabad, and said it would go out of the way for the protection of environment and ecology.
A bench of Justices B R Gavai and Augustine George Masih questioned the Telangana government over the "tearing hurry" to fell the trees there.
"You have to come up with a plan as to how you will restore those 100 acres (of land)," the bench told senior advocate Abhishek Singhvi, who appeared for Telangana.
Justice Gavai said the top court was surprised to see videos where animals were running for shelter.
The bench directed the wildlife warden of Telangana to take immediate steps to protect the wildlife.
"For the protection of the environment and ecology, we will go out of the way," Justice Gavai said.
While posting the matter for the next hearing on May 15, the bench orally said, "In the meantime, not a single tree will be felled there."
On April 3, the top court took suo motu cognisance of the state's tree felling drive in the Kancha Gachibowli forest and called it a "very serious" matter.
It asked the Telangana government to explain the "compelling urgency" for clearing the large tree cover and stayed any future activity till further orders
Students of the University of Hyderabad were protesting against the state government's plans to develop the 400-acre land parcel bordering the university.
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