The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT') India far more urban in functional terms than official definitions: Survey (See 'Corp Brief') Economic Survey lays stress on swadeshi for strategic resilience (See 'Corp Brief') 5G services now available in over 99% districts (See 'Corp Brief') Survey asks States to focus on entrepreneurial policy making (See 'Corp Brief') Health insurance accounts for 41% of Gross Domestic Premium (See 'Corp Brief') IBC - NCLT can't decide title disputes over assets, including IPRs such as trademarks, unless they have direct & proximate nexus with insolvency resolution process: SC (See 'Legal Desk') 'Vande Mataram', 'Anand Math', 'Atulya Bharat' tunes to regale audience at Beating Retreat ceremony (See 'Corp Brief') Youth Lead Democracy: Model Youth Gram Sabha Awards Conferred in Delhi (See 'Corp Brief') Misc - Execution sale during pendency of insolvency proceedings held void; Official Receiver can seek annulment even without expressly invoking Section 56: HC (See 'Legal Desk') Union fisheries secretary engages shrimp farmers, boosts scientific innovation in aquaculture (See 'Corp Brief') Learjet 45 aircraft VT-SSK crash at Baramati Airport of M/s VSR Ventures PVT LTD (See 'Corp Brief') SAFEMA - contravention of Sections 3(d) and 7(1)(a)can be established based on documentary evidence & circumstantial corroboration applying the standard of preponderance of probabilities, even in absence of direct evidence of cash payment: SAFEMA (See 'Legal Desk') CCI nod to acquisition of certain shareholding of Toyota Industries Corp (See 'Corp Brief') IBC - Resolution Professionals under IBC are public servants under Prevention of Corruption Act: HC (See 'Legal Desk') Department of Posts signs Agreement with Stock Holding Services Limited for access to capital market services (See 'Corp Brief') SEBI - Failure to make timely disclosure of material developments relating to a proposed scheme of arrangement & delayed disclosure of outcome of board meeting constitutes violation of LODR Regulations: SEBI (See 'Legal Desk') MSME beneficiaries invited as special guests for R-Day celebrations (See 'Corp Brief') PMLA - Offence of money-laundering is independent offence regarding process or activity connected with proceeds of crime which had been derived or obtained as result of criminal activity relating to or in relation to scheduled offence: SAFEMA (See 'Legal Desk')

1.42 Cr new accounts opened under Sukanya Samriddhi Account

Published: Dec 06, 2021

By TIOLCorplaws News Service

NEW DELHI, DEC 06, 2021: THE number of new accounts opened under Sukanya Samriddhi Account (SSA) from 01.04.2018 to 31.10.2021 is 1,42,73,910. This was stated by Union Minister of State for Finance, Pankaj Chaudhary, in written reply to a question in Lok Sabha today.

The Minister stated details of States with the highest and lowest number of accounts under SSA as on 31.10.2021 as below:

Statement Showing details of States with highest number of accounts

S. No.

Name of the State/UT

No of Accounts as on 31.10.2021

  1.  

Uttar Pradesh

29,12,632

  1.  

Tamil Nadu

26,03,872

  1.  

Maharashtra

23,13,584

  1.  

Madhya Pradesh

22,17,375

  1.  

Karnataka

21,08,078

Statement Showing details of States with lowest number of accounts

S. No.

Name of the State/UT

No of Accounts as on 31.10.2021

  1.  

Lakshadweep

331

  1.  

Andaman and Nicobar Islands

5,305

  1.  

Ladakh

6,209

  1.  

Mizoram

10,204

  1.  

Sikkim

11,455

The Minister stated that the reasons for varying number of accounts in different states could be the size of the population, ability and willingness of parents to save etc.

The Minister stated details of the distribution proportion of public and private banks in number of accounts since launch of the scheme till 31.10.2021 as below:

S. No.

Name of the Bank

Distribution proportion in per cent

  1.  

Public Banks

96.24

  1.  

Private Banks

3.76

Note: While calculating distribution proportion, accounts opened under SSA in various Post Offices have not been considered.

TIOL CORP SEARCH

TIOL GROUP WEBSITES