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PhonePe, NITI Aayog team up to launch fintech open hackathon

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Leading digital payments platform PhonePe on Thursday announced that NITI Aayog, in association with the platform, will be hosting the first-ever open-to-all hackathon that aims to showcase path-breaking solutions for the fintech ecosystem.

The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code.

Winning teams stand to win exciting cash prizes worth Rs 5 lakhs, the platform said in a statement.

Participants at the hackathon need to use any open-data APIs like PhonePe Pulse along with frameworks such as Account Aggregator as a foundation to power the use cases, such as alternate risk models for lending, insurance or investments with a focus on financial inclusion; innovative products that use the power data signals for various demographics and geos for broader adoption of financial services; improved visualisation and derived intelligence based on the digital payments data.

Participating teams can have one or up to five participants. They can use data sources like PhonePe Pulse, the Open Government Data Platform and RBI reports on payments to build on their submission.

In addition, they can access any other open data platforms that they are aware of along with the Setu AA Sandbox or the Setu Payments Sandbox to develop their hacks. By the end of the event, participants will be required to present a working prototype of their hack to the judges, post which each hack will be judged based on certain parameters.

While the judges consider the hacks, they might ask for additional information on the prototypes.

The winning team will be awarded Rs 1,50,000. Two teams, in second and third places, will win Rs 1 lakh and Rs 75,000, respectively.

However, PhonePe mentioned that judges may decide to award fewer or more prizes depending on the hacks submitted.

The last date to register for the event is February 23 and the deadline to submit the final entries is February 25 by noon.

There will be a live AMA on February 21 at 4:00 PM to answer any questions the participants may have about the Hackathon. The winners of the Hackathon will be announced on February 28.

The NITI Aayog fintech month commenced on February 7 and the week witnessed some thought-provoking keynotes, in-depth fireside chats, and panel discussions.

International

Trump says US to terminate all trade talks with Canada

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New York, June 28: US President Donald Trump announced that the United States would terminate all trade talks with Canada due to Canada’s digital services tax on US tech companies.

Canada has just announced that they are putting a digital services tax on American technology companies, which is a direct and blatant attack on the United States, said Trump in a post on social media.

“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” said Trump.

The United States would inform Canada the US tariffs that apply to Canadian businesses within the next seven days, according to Trump.

Canada is copying the European Union in introducing digital services tax, noted Trump.

The United States is scrambling to wind up trade talks with a large number of trading partners as the self-imposed deadline of July 9 is approaching, media reported.

However, White House Press Secretary Karoline Leavitt on Thursday said Trump could extend the deadline.

Earlier in may 2025, Canadian Prime Minister Mark Carney said that he had wide-ranging and constructive discussions with US President Donald Trump in the White House, although the two leaders disagreed on tariffs lifting and the “51st state,” according to the live broadcast of CBC News.

Carney said he told Trump it’s “not useful” to repeat the 51st state idea, adding that Trump is the president who is going to say whatever he wants.

“He understands that we are having a negotiation between sovereign nations,” said Carney.

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Crime

Mere recovery of blood-stained weapon matching deceased’s blood group not sufficient to prove murder: SC

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suprim court

New Delhi, June 27: Upholding the acquittal of an accused, the Supreme Court has ruled that mere recovery of a blood-stained weapon bearing the same blood group as that of the deceased would not be sufficient to prove the charge of murder.

A bench of Justices Sandeep Mehta and P.B. Varale was dealing with a criminal appeal filed by the Rajasthan government challenging a judgment of the Rajasthan High Court, which had acquitted the respondent-accused of the offence of murder.

In its impugned order, a division bench set aside the judgment passed by the Additional Sessions Judge in December 2008, which had convicted the respondent for the offence punishable under Section 302 of the Indian Penal Code, 1860 and sentenced him to undergo life imprisonment and pay a fine of Rs 100, and in default of payment of fine, to further undergo 3 months simple imprisonment.

During the trial, the respondent was charged with the murder of Chotu Lal, which took place on the intervening night of March 1 and 2, 2007.

Initially, an FIR was filed against unknown assailants, and at a later stage, the respondent was arraigned in the case on the basis of suspicion and circumstantial evidence.

The prosecution led circumstantial evidence in the form of motive, alleging the respondent was having an evil eye on the wife of the deceased; recovery of the weapon of offence and the FSL report indicating that the blood group on the weapon matched with the blood group of the deceased (B +ve).

Contrary to the findings of the trial court, the Rajasthan High Court opined that the prosecution could not prove the complete chain of circumstances required to bring home the guilt of the accused in the case, which was based entirely on circumstantial evidence, and proceeded to acquit the respondent.

Concurring with the view taken by the Rajasthan HC, the Justice Mehta-led Bench said: “We find that the incriminating circumstances relied upon by the prosecution, i.e., the motive and the recovery of the blood stained weapon, even taken in conjunction cannot constitute the complete chain of incriminating circumstances required to bring home the charges against the accused.”

“The High Court seems to have overlooked the FSL report, which fact was stressed upon by learned counsel for the appellant (state government). However, in our view, even if the FSL report is taken into account, then also, other than the fact that the weapon recovered at the instance of the accused tested positive for the same blood group as that of the deceased (B +ve), nothing much turns on the said report,” it added.

The apex court, relying upon a previous judgment of the apex court, opined that mere recovery of a blood-stained weapon even bearing the same blood group of the victim would not be sufficient to prove the charge of murder.

It discarded the theory of motive, saying the evidence in that regard seems to be very vague and vacillating.

The Justice Mehta-led Bench added that the law is well settled by a catena of apex court decisions that in an appeal against acquittal, interference can only be made if the only possible view based on the evidence points to the guilt of the accused and rules out his innocence.

Dismissing the appeal of the state government, the Supreme Court said: “In the present case, we are duly satisfied that the prosecution failed to lead clinching evidence to bring home the charges. The only possible view is the one taken by the High Court, i.e., the innocence of the accused.”

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National

BJP accuses Congress of opposing voter verification to shield fake votes in Bihar

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New Delhi, June 27: Following Congress’ objection to the Election Commission of India’s special revision of the state’s voter list ahead of the upcoming Assembly elections in Bihar, the BJP has launched a sharp counterattack, accusing the grand old party of attempting to protect fake voters.

BJP state president Dilip Jaiswal defended the ECI and called Congress’ objections baseless.

“The Election Commission is an independent body which works independently. It is its responsibility to ensure that elections are conducted with complete transparency. If any political party opposes this, it is wrong. Fake voting can be prevented by the revision of the voter list. Voters who have died will be identified. This process will also make it clear whether the voter is actually in Bihar or voting somewhere else. This is a very necessary step for transparency. I congratulate the Election Commission for this,” Jaiswal said.

Bihar Congress president Rajesh Kumar on Thursday criticised the ECI for initiating the voter list revision process in a limited time frame.

He alleged that the move is part of a conspiracy to suppress the electoral rights of marginalised communities.

Reacting strongly to these allegations, BJP leader and Minister Nitin Nabin questioned Congress’ intent behind opposing the exercise.

“I say that Congress should clarify what exactly they are objecting to. If genuine voters are being verified and fake voters are being removed, is Congress sitting here to commit fraud? I want to ask the opposition members who are opposing this, are you trying to gain power through fake votes? Such fake voters will definitely be stopped, and the parties doing fraud will also be taught a lesson,” Nabin asserted.

The ECI has issued instructions for holding Special Intensive Revision (SIR) in Bihar, where polls are to be held by year-end. This means electoral rolls for the state will be prepared afresh.

The special voter list inspection has been undertaken by the ECI as a standard pre-election procedure to ensure the accuracy of electoral rolls.

Officials have stated that the process will help remove deceased or duplicate voters and correct errors, ensuring a fair and transparent election.

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