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The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. Another proposed change relates to redefining ‘substantial interest’ for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh, which was fixed almost six decades ago. The Bill piloted by Finance Minister Nirmala Sitharaman was approved by a voice vote. Replying to the debate on the Bill, Sitharaman said depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only successive nomination. She also said that since 2014, the Government and the RBI have been extremely… Read More »Lok Sabha Passes Banking Laws (Amendment) Bill Allowing 4 Account Nominees

The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. Another proposed change relates to redefining ‘substantial interest’ for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh, which was fixed almost six decades ago. The Bill piloted by Finance Minister Nirmala Sitharaman was approved by a voice vote. Replying to the debate on the Bill, Sitharaman said depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only successive nomination. She also said that since 2014, the Government and the RBI have been extremely… Read More »Lok Sabha Passes Banking Laws (Amendment) Bill Allowing 4 Account Nominees

A couple allegedly killed their two minor sons before hanging themselves in Rajasthan’s Jhalawar district on Tuesday, police said. The incident took place in Jaitkhedi village, under the Gangdhar police station area, they said. Nagu Singh (30), Santoshbai (23) and their son Yuvraj Singh (5) were found hanging at their home, while their one-year-old son, whose name is not ascertained, was found lying dead on the bed, police said. The older son was hanged to death, the younger son was strangled, said Jhalwar SP Richa Tomar. Family dispute is prima facie believed to be the cause of the incident, Tomar said. The incident came to light when the children’s aunt visited their home on Tuesday… Read More »Rajasthan Couple Kills Sons, Later Die By Suicide Over Family Dispute: Cops

Three members of the Arambai Tenggol who were on the prowl to extort money from the public and government officials were arrested in Manipur’s capital Imphal, the police have said. A Ghatak assault rifle with one magazine and five rounds, a .32 country made pistol with magazine, three mobile phones, a four-wheeler and other incriminating material were seized from them during the operation on Sunday, the police said in a statement. “Manipur Police arrested three armed miscreants and apprehended one juvenile from… Imphal East district, who were found loitering in the area to commit… extortion of money from general public and government officials… as well as threatening the general public,” the police said in a… Read More »3 ‘Arambai Tenggol’ Members Arrested For Extortion Bid, Guns Seized: Manipur Police

Indian entrepreneur Kuldeep Dhankar recently shared how he survived a car crash with the help of his Apple Watch. Taking to X, Mr Dhankar, the founder of Last9.io, shared a photo of his crashed car on a US highway and a police officer inspecting the accident site. In his post, he said that he got rear-ended by a car while he was in standstill traffic. He revealed that his Apple Watch immediately detected the crash and automatically called the cops. This prompt response from the device’s crash detection feature and the California Highway Patrol played a vital role in ensuring Mr Dhankar’s safety, allowing him to continue his journey with minimal delay.  “Got rear ended… Read More »Indian Entrepreneur Survives Car Crash In US, Thanks Apple Watch For Quick Response