1. What’s the story?
The Punjab and Maharashtra Co-Operative Bank (PMC) is in trouble. According to a notice issued by the Reserve Bank of India last Tuesday, PMC has been put under strict regulatory notice. This notice also capped the daily withdrawal limits for each customer at INR 1000, resulting in various branches being stormed by the irate public. The limit was revised to INR 10,000 on Thursday, but things still look quite grim.
2. Where else should I be looking at?
Pune, that’s where. At least 17 people were killed in massive floods across the city and its neighbouring districts. More than 16,000 people have been rescued till date. Incessant rains and water release from the Nazare dam are reported to be the two main reasons behind the floods. 500 people stranded all over the city were also rescued by the local police.
3. What more?
Mumbai’s famous restaurateur, Boman Kohinoor, passed away on Wednesday. Co-owner of the world-famous Iranian-Parsi café Britannia & Co. in the city, Kohinoor was a widely beloved figure in and around the country.
4. Anything else?
We’re no longer in an era of climate change. Rather, the world is currently in climate emergency – and unless governments around the world take drastic measures, this might mean catastrophic events all over the globe. Here’s what will happen if the Earth heats up even by another 2 degrees Celsius.
5. Is that all?
We’ve had our suspicions all along, but it turns out it is true! “A robot read 3.5 million books to find we describe women by appearance, and men by virtue.”
6. Before you leave…
Take a look at the story behind every song in Abbey Road, the last-recorded Beatles album that celebrates its 50th anniversary this year.