Benue joint account today

In order to nurture Hong Kong youth's sense of belonging to the motherland, the special administrative region is joining hands with Guangdong province to officially kick off three programs as part of the plan to essentially help talented Hong Kong youth take part in the big story unfolding across the Guangdong-Hong Kong-Macao Greater Bay Area. "The Bay Area is a natural place for our young people to venture into and take advantage of the golden opportunities, right under their noses, brought about by China's innovation and entrepreneurship," Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor said at a ceremony in Hong Kong on Friday. The ceremony－"Greater Bay Area: Starting Line to a Bright Future" with a theme of youth development－took place as a tribute to the second anniversary of the promulgation of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area. The event witnessed the official launch of three programs spearheaded by the Guangdong and Hong ... » Learn More about HK youth encouraged to pursue their dreams in Greater Bay Area

The Securities Appellate Tribunal (SAT) has stayed a Sebi order which imposed a fine of Rs 1 crore on HDFC Bank for invoking securities pledged by stock broker BRH Wealth Kreators, till further orders. Sebi had imposed the fine and also directed the bank on January 21 to transfer Rs 158.68 crore along with 7 per cent interest per annum into an escrow account till the issue of settlement of clients' securities is reconciled. "The fact that the circulars have been violated or not and whether the securities have been rightly invoked by the appellant requires consideration," the tribunal said in an order dated February 19 while giving three weeks time to Sebi to file a reply. The tribunal in its order noted that HDFC Bank is one of the largest private sector bank and as per balance sheet it has assets of Rs 1,654,228 crore and therefore has sufficient financial strength and ability to furnish the amount as per the impugned order. It is not a case where the bank will ... » Learn More about BRH Wealth Kreators case: Breather for HDFC Bank

The Rupee Co-operative Bank Ltd, Pune has been granted extension for its banking licence by the RBI for further three months, said the administrator of the bank Sudhir Pandit on Friday. Pandit told , "It is recognition by RBI of satisfactory performance of the Bank and that too against total restrictions on banks' activities." Till January 2021, the bank has made total recovery of Rs 258.11 crore and aggregate operating profit of Rs 53.19 crore during the last four years. The bank is earning profit consecutively for the last four years, he said. As on 31st January, the total deposit of the bank is Rs 1,292.84 crore. Total advances are Rs 295.10 crore. During the year up to January 2021, the bank has made operating profit of Rs 19.93 crore. Till January 2021, the bank had paid Rs 366.54 crore to 92,602 needy depositors under the Hardship Scheme, he said. Pandit also said that the bank has taken effective steps for recovery in hardcore accounts. It includes attachment of ... » Learn More about Rupee Co-operative Bank gets extension from RBI

Government is all set to walk away with the highest level of excise duty collection from the petroleum sector this year, even as fuel consumers continue to face persistent increase in petrol and diesel prices that has taken the retail prices to historic high levels across the country. In the nine month period of current fiscal ending December 31, 2020, Centre's excise duty collections from the petroleum sector has already touched Rs 2,35,811 crore-mark, much more than what it got in the full financial year 2019-20. At this pace, collections may well cross Rs 3 lakh crore for the very first time in FY21. Last fiscal, the Centre received Rs 2,23,057 crore as excise revenue from the petroleum sector. The numbers were even lower at Rs 2,14,369 crore in FY19. Only in FY17, excise collections remained firm at Rs 2,42,691 crore when the government raised excise duty taking advantage of low crude prices. Higher collections as taxes have come at a time when consumers are facing the ... » Learn More about Government gets tax-rich from oil sector, consumers bear brunt

The exchange cited issues with its telecom service providers that prevented stocks and index quotations from getting updated. The National Stock Exchange (NSE) on Wednesday suspended trading in its cash and derivatives segments for over three hours—one of its worst-ever outage—jeopardising the interests of several market participants. The exchange cited issues with its telecom service providers that prevented stocks and index quotations from getting updated. The issue came to light less than an hour after normal trading commenced, with several brokers complaining that live price feeds had frozen. At 11.40 am, the exchange halted equity market trading, forcing investors to redirect their cash market trades to the BSE—where “impact costs” are typically high due to shallow trading volumes. “NSE has multiple telecom links with two service providers to ensure redundancy, and we have received communication from both the telecom service providers that there are issues with ... » Learn More about Trading glitch: Sebi, FinMin seek detailed report from NSE