Banking: Minors over 10 years can operate bank accounts
RBI’s (Reserve Bank of India) new guidelines allow minors to operate bank accounts independently. RBI is seeking to promote financial inclusion and bring uniformity in opening of such accounts in banks.
 
“Banks may, however, keeping in view their risk management systems, fix limits in terms of age and amount up to which minors may be allowed to operate the deposit accounts independently,” the RBI said. Further, banks can also decide on the minimum documents which are required for opening of accounts by minors. Banks are free to offer additional banking facilities. 
 
On attaining majority, the minor would be required to confirm the balance in his/her account. If the account were operated by the natural/legal guardian, fresh operating instructions and specimen signature of the minor should be obtained. 

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Gold: Gold ETF Trading was lower on Akshaya Tritiya
After four years of consistent growth, trading volumes of gold ETFs declined on the NSE and the BSE on Akshaya Tritiya. The demand for gold shoots up on Akshaya Tritiya considered an auspicious day for buying gold.
 
NSE recorded trading volume of Rs35 crore this year on Askshya Tritiya against Rs691 crore last year. BSE saw trading worth Rs18 crore compared to Rs615 crore last year. More than 66,000 units of BSE’s gold ETFs were traded on Akshaya Tritiya. NSE and BSE have been pushing investors to buy Gold ETFs, though these are market-linked products and can lead to disappointment if bought routinely on a given date.

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Regulation: SEBI proposes new listing norms
The Securities and Exchange Board of India (SEBI) has proposed a new set of rules which would require greater disclosures by companies and give more powers to stock exchanges to check non-compliance. 
 
The proposed norms, to be called SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2014, require compliance by all listed companies, and by those listing their debentures, bonds and mutual funds on stock exchanges.
 
The final norms, to be framed after obtaining public comments, would replace the existing provisions for listing agreements. Meanwhile, hundreds of dubious companies listed on BSE continue to be rigged with impunity, making a mockery of all listing norms.

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