Fine for violating traffic rules in bangladesh

In the meantime, authorities also investigated 3,819 cases of hedonism and extravagant conduct such as giving or accepting gifts, awarding unauthorized allowances or bonuses and misusing public funds for banquets, and penalized 5,207 officials, said the statement. … [Read more...] about China punishes nearly 13,000 officials for violating frugality rules in April

The move came after Trump tweeted that "when the looting starts, the shooting starts" in reference to the ongoing unrest in Minneapolis following the death of George Floyd, a handcuffed African-American man who pleaded for air as a white police officer kneeled on his neck. … [Read more...] about Twitter again flags Trump’s tweet, says it violated rules about ‘glorifying violence’

KOLKATA: The Reserve Bank of India has slapped Rs 4 crore penalty on Citibank NA and Rs 1.45 crore on three urban cooperative banks for flouting banking rules. The regulator said the penalty on Citibank was for not adhering to the directions related to customer credentials. It said that the lender overlooked its directions on obtaining declaration from customers about credit facilities enjoyed with other banks, granting non-fund based facilities to non-constituent borrowers, verifying data available in CRILC database and obtaining No-Objection Certificate (NOC) from lending banks at the time of opening current accounts, and submission of compliance to risk assessment findings. “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, “ RBI said Friday. Earlier, the regulator had sent a notice to the bank asking to show cause as to why … [Read more...] about RBI slaps Rs 4 crore penalty on Citibank NA and Rs 1.45 crore on three other banks for flouting rules

CHANDIGARH: Punjab on Friday announced stricter penalties for those not adhering to restrictions put in place to contain the Covid-19 outbreak, increasing significantly the fine for spitting and not wearing masks in public to Rs 500. The state government also increased the fine for violating the home quarantine to Rs 2,000. Previously, the state government imposed a fine of Rs 200 for not wearing masks, Rs 100 for spitting at public places, and Rs 500 for violating home quarantine guidelines. Taking cognizance of violations of the guidelines, Health Minister Balbir Singh Sidhu said penalties needed to be enhanced to keep Punjab safe from the coronavirus. The state government also fixed Rs 2,000 as fine for violating social-distancing norms by owners of shops or commercial places. A fine of Rs 3,000 will be imposed on owners of buses, Rs 2,000 on cars, and Rs 500 on auto-rickshaws and two-wheelers for violating social-distancing norms, Sidhu said. Non-payment of fine will attract … [Read more...] about Punjab raises fine for spitting, not wearing masks in public to Rs 500

Mumbai: The Securities and Exchange Board of India(Sebi) has imposed a penalty of Rs 20 lakh on Dewan Housing Finance Corporation Ltd (DHFL) for not complying with securities norms while issuing NCDs( non convertible debentures). The regulator received a reference from Catalyst Trusteeship Limited, a Sebi-registered debenture trustee pertaining to NCDs issued by DHFL. Sebi observed that as of 31 May 2019, there were 37 issuances of NCDs, which were publicly placed, and 201 issuance of NCDs which were privately placed by DHFL. All publicly issued NCDs are listed on stock exchanges. Rules mandate that every issuer company should create debenture redemption reserve(DRR) for the redemption of the debt securities issued by the company. Sebi alleged that DHFL did not create DRR as required under law. During its examination, Sebi observed that as of March 31, 2017, there were 25 issues which were outstanding of which DRR was not created for 15 issues in FY 17 in spite of the Company … [Read more...] about Sebi slaps Rs 20 lakh fine on DHFL for violating market norms