Passage 1
Myanmar’s plans for conscription has triggered fear that it may create a new wave of exodus of young Myanmar nationals leaving for neighbouring countries in South and Southeast Asia.
The announcement of conscription that took place during the last weekend has made it compulsory for all Myanmar male citizens to join the armed forces as the military junta deals with countrywide insurgency that has freed large parts of the provinces like Arakan, Chin, Kachin, and Sagaing and a few areas in the southeast of the country near the Thai-Myanmar border.
Sources in the democratic opposition of Myanmar who spoke on condition of anonymity painted a grim internal picture of Myanmar said the situation could get out of control as the desperate military rulers in Naypyidaw tries to reclaim areas that it lost to groups like the Arakan Army.
Source – https://www.thehindu.com/news/national/
Passage 2
The Enforcement Directorate (ED) has not found any violation under the Foreign Exchange Management Act (FEMA) during the inquiry of Paytm Payments Bank Limited (PPBL) transactions. The Reserve Bank of India (RBI) has the authority to take action against certain other instances of alleged non-compliance, according to the sources privy to the matter.
On January 31, the RBI had issued a circular barring PPBL from taking further deposits, top-ups or undertaking credit transactions into its customer accounts, wallets, FASTags, and National Common Mobility Cards (NCMC) after February 29. The deadline has now been extended till March 15.
Source- https://www.thehindu.com/business/
