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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Dormant Bank Accounts: No Penalty for Non-maintenance of Minimum Balance
RBI asked banks not to levy penalties on customers who cannot maintain a minimum balance in an inoperative account.
 
“It is advised that henceforth banks are not permitted to levy penal charges for non-maintenance of minimum balances in any inoperative account,” RBI said in a notification.
The notification further said: “Instead of levying penal charges for non-maintenance of minimum balance in ordinary savings bank accounts, banks should limit services available on such accounts to those available to basic savings bank deposit accounts and restore the services when the balances improve to the minimum required level.” 

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