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Monday, December 30, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Personal Finance Bank license canceled: RBI canceled license of these 11 banks, see the... Personal Finance Bank license canceled: RBI canceled license of these 11 banks, see the full list here By Shyamu Maurya December 30, 2024 0 1 Share Facebook Twitter Pinterest WhatsApp Telegram Bank license canceled: RBI canceled license of these 11 banks, see the full list here RBI Action: Keeping in mind the interest of the depositors, RBI has canceled the license of 11 banks in the year 2024. However, this action also affected the customers. They were allowed to withdraw a limited amount. Let us know against which banks did the Reserve Bank take action? Bank license canceled 2024: The Reserve Bank of India always takes strict action in the interest of customers and in case of violation of rules. This year RBI has cancelled the license of 11 banks. These banks have been closed forever. Accepting deposits and transactions have also been banned. RBI issued a notice and said that the continuation of all these banks would be harmful for the depositors. They did not have the capital and earning possibilities. In such a situation, many provisions of the Banking Act 1949 are violated. These banks were also unable to repay the depositors along with their financial position. Therefore, keeping in view the public interest, the license of all these banks was cancelled. The license of these banks was canceled in the year 2024 (Bank License Cancelled) Durga Co-operative Urban Bank Limited, Vijayawada, Andhra Pradesh Shri Mahalakshmi Mercantile Co-operative Bank Limited, Dabhoi, Gujarat The Hiriyur Urban Co-operative Bank Limited Hiriyur, Karnataka Jai Prakash Narayan Nagari Sahakari Bank Limited, Basmathnagar, Maharashtra Sumerpur Mercantile Urban Co-operative Bank Limited, Sumerpur, Pali Rajasthan Purvanchal Co-operative Bank Limited, Ghazipur, UP The City Co-operative Bank Limited, Mumbai, Maharashtra Banaras Mercantile Co-operative Bank Limited, Varanasi Shimsha Sahakari Bank Niyamitra, Maddur, Mandya, Karnataka Uravakonda Co-operative Town Bank Limited, Andhra Pradesh The Mahabhairab Co-operative Urban Bank Limited, Tezpur, Assam Did the customers get their money? Know the rules (RBI Rules) Under the provisions of the DICGC Act 1961, whenever a bank’s license is canceled, then every customer is entitled to receive the deposit insurance claim amount of the deposit amount up to a monetary limit of Rs 5 lakh from the Deposit Insurance and Guarantee Corporation. Tags Bank license canceled Share Facebook Twitter Pinterest WhatsApp Telegram Previous article TDS deduction new rule: Now more money will remain in the bank account even after paying income tax? check complete details Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com RELATED ARTICLES Personal Finance TDS deduction new rule: Now more money will remain in the bank account even after paying income tax? check complete details December 30, 2024 Technology New recharge plan: BSNL launches new 425 day plan; Jio-Airtel and Vi’s problems increase December 30, 2024 India State Band: This state will remain closed for 10 hours today, neither train nor vehicle will run December 30, 2024 - Advertisment - Most Popular TDS deduction new rule: Now more money will remain in the bank account even after paying income tax? check complete details December 30, 2024 New recharge plan: BSNL launches new 425 day plan; Jio-Airtel and Vi’s problems increase December 30, 2024 State Band: This state will remain closed for 10 hours today, neither train nor vehicle will run December 30, 2024 US Visa: Big relief for Indians! 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SINGAPORE: A new ambulance traffic priority system was activated 76 times during life-threatening emergencies for three routes near Ng Teng Fong General Hospital (NTFGH) over a three-month period. It reduced the time taken to send the patients to the hospital by an average of 1 minute and 40 seconds, the Singapore Civil Defence Force (SCDF) said in a press release on Saturday (Nov 23). This was according to data collected from Jul 15 to Oct 15 during the first phase of implementation. The system, which was co-developed by the SCDF, Land Transport Authority (LTA) and Home Team Science and Technology Agency, uses an in-vehicle device to "activate priority passage" for ambulances at traffic junctions near hospitals. Phase one of the system's implementation involved two ambulances operating from Jurong Fire Station and one from Bukit Batok Fire Station. “The implementation of phase 1 of the traffic priority system has shown encouraging results, where there was an observable reduction in the time needed to convey patients with life-threatening emergencies to the hospital," said SCDF chief medical officer Hong Dehan. "Every second saved can be the difference between life and death, particularly for cases of cardiac arrest, trauma or stroke. This capability will allow us to save valuable time by enabling faster conveyance of patients to the hospital, potentially improving patient outcomes and their chances of survival.” WHAT IS THE SYSTEM? The traffic priority system, which was announced during the SCDF’s Workplan Seminar earlier this year, is for emergency ambulances that are within the "final mile" when taking a patient to a hospital. Designated traffic junctions near hospitals are installed with roadside equipment - used to send and receive messages from nearby vehicles - that is linked to the traffic light controller. When an ambulance is within 200m of these junctions, its on-board device will be activated. The equipment will then trigger the traffic lights in favour of the ambulance. When the traffic priority system is activated, the affected traffic light junctions will still proceed as usual with the normal sequence of lights, but with specific phases becoming shorter. It will be used only in life-threatening cases, said SCDF. During the first phase, roadside equipment was installed in the vicinity of Ng Teng Fong General Hospital, which lies within the "response boundary" of the two fire stations. HOW IT HAS HELPED PATIENTS Paramedics said the traffic priority system is important in life-threatening emergencies. For paramedic Sharon Tan, the system proved its worth during a case in September, when a woman in her 50s suffered a cardiac arrest. The unconscious woman was sent from a Jurong West void deck to the hospital in about six minutes - quicker than the usual time for that route. "I find that the (traffic priority system) is quite beneficial in terms of pre-hospital care," explained SGT3 Tan. "It allows us to reach the hospital as fast as possible. Every second matters for these kinds of cases, especially when it involves an organ like the heart." Upon arriving at the hospital, the unconscious woman regained her pulse. Prior to phase 1, trials were conducted at traffic junctions near NTFGH and Khoo Teck Puat Hospital, which indicated time savings of "about 30 to 100 seconds per conveyance". In the second phase, on-board devices will be installed for all other SCDF ambulances. Coverage will also be extended to three more hospitals - Khoo Teck Puat Hospital, Changi General Hospital and National University Hospital. This is scheduled for completion by the second quarter of 2025. The final phase will include all remaining public hospitals by the fourth quarter of next year. By 2026, the traffic priority system is expected to be fully rolled out. This will involve outfitting all SCDF emergency ambulances and 47 traffic junctions serving all nine public hospitals.
ISLAMABAD: Federal Board of Revenue (FBR) has decided to depute Inland Revenue (IR) officials at all sugar mills across the country to monitor production, sales, and stocks of the commodity during crushing season. In this regard, FBR has communicated lists of sugar mills to the relevant Large Taxpayer Offices (LTOs) here on Thursday. The officers of the Inland Revenue Service (IRS) would be posted to monitor the production, sale, and stock position of sugar under section 40B of the Sales Tax Act, 1990, at the manufacturing/business premises. The crushing season of sugar starts in November and ends in March and earlier, the government relied on the industry’s statistics for sugar production. However, after the introduction of the Track and Trace system, the FBR is getting real-time data on the sugar production of each sugar mill. The FBR said that initial stock taking shall be conducted by the officials deputed on each sugar mill. The data included opening stock of sugar and opening stock of molasses. The start and end date of production of each sugar mill shall be recorded. Sugar mills: PM orders CCTV surveillance “The number of trolleys, which enter the sugar mill, and the weight of sugar cane unloaded at each sugar mill will be recorded on daily basis,” FBR said. “The IR officials would also record production of sugar and lifting of sugar on daily basis. The IR officials would record the production capacity of sugar and storage capacity of each sugar mill. In this regard, proper affixation of track & trace stamps shall be ensured and invoices to be entered in “STRACK” portal on daily basis,” FBR directed the LTOs. The FBR has further directed the LTOs that an officer may be nominated as focal person who shall ensure presence of officials at each sugar mill within his jurisdiction; report production of sugar and lifting of sugar to the Board on daily basis; ensure proper filing of sales tax return including Annexure-J of sales tax return by each sugar mill and cross match sugar production and lifting data captured through 40B with sugar production and lifting reported by sugar mills in monthly sales tax returns. “The IR officials are initially posted on sugar mills till November 30, 2024,” FBR’s instructions to the LTOs added. Moreover, Prime Minister Shehbaz Sharif has ordered strict action against sugar mill owners and dealers along with CCTV surveillance to prevent hoarding and price manipulation. With sugar crushing season scheduled to begin on November 21, the PM directed FBR, Federal Investigation Agency (FIA) and Intelligence Bureau (IB) to take joint action against sugar mills and dealers involved in tax evasion, undocumented sales, and price hikes in sugar sector. Following the directives by the PM to tighten the noose around the sugar mafias, a notification was issued directing FBR, FIA and IB to ensure prevention of sales tax evasion in sugar industry. The cameras will monitor the production process and stockpiling of sugar, ensuring GST payments are made and price hikes are prevented. Details of the case revealed that Federal Tax Ombudsman (FTO) claimed to be found illegal use of dormant account of a retired armed forces personnel where fictitious supply of worth Rs. 1.625 trillion were made causing sales tax loss of Rs.292.549 billion and further tax of Rs235.340 billion. However, the investigation confirmed that actually fake inputs of only Rs 380 million was made which was stopped by the tax department. The culprits have been arrested in the said case. During the last few days, Directorate General of Intelligence and Investigation Inland Revenue worked day and night on this specific case and finally arrested the involved culprits. The facts of the case are that the FBR’s internal scrutiny and data analysis team detected the Instant significant tax fraud in March 2024, which was promptly communicated to all relevant field formations by AJaz Hussain, Chief (IR Analysis) FBR prior to complaint lodged in the matter before FTO. The cases are related to three different complaints filed with the FTO. RTO-I Karachi on aforesaid report had already taken cognizance of the matter agitated in complaint and an FIR No. 01/2024 was registered. The two accused persons were nominated in FIR on the basis of the fact that fraudulent sales tax returns have been filed from internet connections installed in their names. In his findings, the FTO has found the accused as innocent on flimsy grounds which is immature as the investigation are still carrying and their innocence is not verified till now. Another complaint was filed by a 79 years old lady living in Dubai) on account of misuse of her login ID/password to file fraudulent sales tax declaration in her name is also connected with the aforementioned FIR No. 01/2024 dated 26-03-2024 registered by RTO-I, Karachi. It is alleged in the FIR that fake input of Rs. 238.334 billion has been utilized/declared by accused footwear firm on account of purchases from M/s Safa International and Gravity Traders. It has been confirmed from supply chain data provided by PRAL, fake input tax of only Rs. 381.698 million passed on in both supply chains to end users out of total 252.992 B i.e., 99.9% fake input deterred/blocked through enforcement measures. Figures of Rs 520 billion reported in media by the FTO spokesman is highly exaggerated and factually incorrect. Further Tax of Rs. 235 billion, although shown in FTO order in complaint no. 1 based on fake declarations of the complainant but question of passing on of its incidence in supply chain does not arise as 99.9 % fake input tax blocked/deterred by FBR authorities. FTO’s findings/ recommendations in the instant Complaint are that no maladministration has been found on the part of FBR. Further, the FTO has recommended to restore registration of the complainant as per law. Again, investigation is still going on and the said comments have yet to be finalized. On the basis of technical data/ evidence and statement of witness, the accused Sheraz was finally arrested by the Directorate General Intelligence and Investigation Inland Revenue Karachi and after taking remand ample evidence has been collected which shows the whole has been committed by said Shiraz. In the third case, the inquiry in the instant matter has also been initiated by Directorate of I&I-IR, Karachi to identify culprits in the instant scam of Rs. 7.75 Billion. Scrutiny of data provided by PRAL is underway and there exists strong likelihood of similar breakthrough in this case as well. Copyright Business Recorder, 2024South Korea’s Jeju Air crash: The most pressing questions facing investigatorsDuring a five-day plenary meeting of the ruling Workers' Party that ended Friday, Kim called the US 'the most reactionary state that regards anti-communism as its invariable state policy.' North Korea's leader Kim Jong Un has vowed to implement the "toughest" anti-US policy less than a month before Donald Trump enters the White House. During a five-day plenary meeting of the ruling Workers’ Party that ended Friday, Kim called the US "the most reactionary state that regards anti-communism as its invariable state policy." Kim said that the US-South Korea-Japan security partnership is expanding into "a nuclear military bloc for aggression." "This reality clearly shows to which direction we should advance and what we should do and how," Kim said, according to the official Korean Central News Agency. It said Kim's speech "clarified the strategy for the toughest anti-US counteraction to be launched aggressively" by North Korea for its long-term national interests and security. KCNA didn't elaborate on the anti-US strategy but did say that Kim set forth tasks to bolster military capability through defence technology advancements and stressed the need to improve the mental toughness of North Korean soldiers. Trump's return to the presidency raises prospects for high-profile diplomacy with North Korea. During his first term, Trump met Kim three times for talks on the North's nuclear programme. Many experts however say a quick resumption of Kim-Trump talks is unlikely as Trump would first focus on conflicts in Ukraine and the Middle East. North Korea's support for Russia's war against Ukraine also poses a challenge to efforts to revive diplomacy, experts say. The previous meetings between Trump and Kim had not only put an end to their exchanges of fiery rhetoric and threats of destruction, but they developed personal connections. Trump once famously said he and Kim "fell in love." But their talks eventually collapsed in 2019, as they wrangled over US-led sanctions on the North. North Korea has since sharply increased the pace of its weapons testing activities to build more reliable nuclear missiles targeting the US and its allies. The US and South Korea have responded by expanding their military bilateral drills and also trilateral ones involving Japan, drawing strong rebukes from the North, which views such US-led exercises as invasion rehearsals. Further complicating efforts to convince North Korea to abandon its nuclear weapons in return for economic and political benefits is its deepening military cooperation with Russia. According to US, Ukrainian and South Korean assessments, North Korea has sent more than 10,000 troops and conventional weapons systems to support Moscow's war against Ukraine. There are concerns that Russia could give North Korea advanced weapons technology in return, including help to build more powerful nuclear missiles. Ukrainian President Volodymyr Zelenskyy said last week that 3,000 North Korean troops have been killed and wounded in the fighting in Russia's Kursk region. Russia and China, locked in separate disputes with the US, have repeatedly blocked pushes to levy more UN sanctions on North Korea despite its repeated missile tests in defiance of Security Council resolutions. Last month, Kim said that his past negotiations with the United States only confirmed Washington's "unchangeable" hostility toward his country and described his nuclear buildup as the only way to counter external threats.
☑️ Gov. Phil Murphy said he met again with federal officials about the drones ☑️ He's aware of drone sightings near sensitive military assets and critical infrastructure ☑️ 19 Morris County mayors are demanding more answers from Murphy Gov. Phil Murphy is talking drones again. On Monday, the governor reiterated that drones flying over New Jersey in recent weeks do not pose a threat to public safety and expressed his own frustration at the lack of a clear answer about their origin from the federal government. Talking to reporters after a bill signing at the Princeton Public Library, the governor said there were 49 reported sightings Sunday night, including 20 over Hunterdon County. One turned out to be a small Piper Cub plane, he said. He described the drones as being "sophisticated" that go dark quickly after being spotted. Murphy said he doesn't blame people for being frustrated about a lack of information about the drones and why they've been flying over New Jersey since before Thanksgiving. A number of state and federal agencies have not found evidence of the drones being a threat, according to the governor. "And I say we, this includes Homeland Security, FBI, Secret Service, our State Police, authorities at all levels of government. The most important point to say is we don't see any concern for public safety," Murphy said. "Having said that, it's really frustrating that we don't have more answers as to where they're coming from and why they're doing what they're doing." ALSO READ: Retired Absegami High School teacher found dead, family says Murphy makes a plea Murphy said he had another meeting Sunday with the White House and top leadership with the federal Department of Homeland Security. "We're obviously most concerned about sensitive targets and sensitive critical infrastructure. So we've got military assets, we've got utility assets, we've got one of the President-elect's homes here. This is something we're taking deadly seriously. We've got good cooperation out of the feds, but we need more. And that's, that was my plea," Murphy said. He did not offer a timetable for the release of additional information about the drones but promised to share it quickly once he gets it. "I'm not going to hide it under a bush," Murphy said. Contrary to social media speculation, Murphy said he is not aware of any drone that has crashed. "Having our hands on equipment that's on the ground would be helpful. No question about it," Murphy said. ALSO READ: Woman stabbed to death by boyfriend, prosecutor says Peace of mind at stake Jackson and Howell police reported drone sightings over their respective communities on Sunday night. Middletown Mayor Tony Perry told New Jersey 101.5 residents reported six drones hovering over Naval Weapons Station Earle on Friday and another four on Saturday. Local law enforcement urged residents not to call 911 for drone sightings but to call the FBI at 1-800-CALL-FBI or submit it online at tips.fbi.gov . Nineteen Morris County mayors are the latest to seek answers from Murphy about the drone sightings, and are requesting a full investigation into their "origin, purpose and compliance with regulations," and a clear communication about their findings. "The safety and peace of mind of our residents are at stake. We trust that your office will treat this matter with the urgency and seriousness it warrants. We are committed to working collaboratively with your administration to resolve this issue and restore confidence in the safety and security of our communities," the mayors wrote. Monmouth County Sheriff Shaun Golden also called for more answers. “We are aware of the unease these drone sightings have caused in our communities,” Golden said in a statement. “The safety and security of our residents are our top priorities. We urge federal and state authorities to work together in locating the source of these drones and determining their intent. It is essential that we address these incidents swiftly to prevent any concerns or disruptions.” Report a correction 👈 | 👉 Contact our newsroom Top ten mistakes people make at office holiday parties Gallery Credit: Kylie Moore 13 cozy, very historic NJ bars and restaurants Not only are these New Jersey spots cozy for a drink and bite to eat - the properties all have roots that go back to the 1700s. Gallery Credit: Erin Vogt Who to tip this holiday season and how much? Gallery Credit: Jen UrsilloGainers MicroStrategy MSTR shares moved upwards by 10281.0% to $424.24 during Monday's pre-market session. The company's market cap stands at $101.6 billion. SEALSQ LAES shares rose 49.13% to $2.61. The market value of their outstanding shares is at $88.6 million. Aehr Test System AEHR stock increased by 20.12% to $13.85. The market value of their outstanding shares is at $410.3 million. Red Cat Hldgs RCAT stock rose 19.41% to $9.83. The market value of their outstanding shares is at $741.6 million. As per the news, the Q2 earnings report came out today. WISeKey Intl Holding WKEY stock rose 16.7% to $9.15. The company's market cap stands at $88.6 million. Unusual Machines UMAC shares increased by 14.41% to $12.7. The market value of their outstanding shares is at $190.1 million. Losers Sobr Safe SOBR stock fell 68.6% to $1.12 during Monday's pre-market session. The market value of their outstanding shares is at $1.0 million. Roadzen RDZN stock fell 30.9% to $1.23. The market value of their outstanding shares is at $84.1 million. Akoustis Technologies AKTS shares decreased by 30.21% to $0.05. The company's market cap stands at $7.3 million. SMX (Security Matters) SMX stock declined by 19.5% to $0.23. SPI Energy SPI shares decreased by 16.36% to $0.32. The market value of their outstanding shares is at $10.2 million. Global Engine Group GLE stock fell 15.86% to $2.07. The company's market cap stands at $37.8 million. See Also: www.benzinga.com/money/tech-stocks/ This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Symbotic (SYM) Restates Financial Results Amid Securities Class Action Over Improper Accounting ...Letters for Dec. 10: Declining a reelection bid is President Biden’s defining legacy in office