The Uttarakhand government refuted reports that cheques distributed as compensation to flood victims in the state had bounced, saying no such case has surfaced so far.
An Arab royal is faced with a legal threat over a second unpaid bill of over 500,000 pounds ($790,400).
Minister Kapil Sibal has received a cheque of Rs one lakh as
bribe for appointing a person as registrar of a central
university in Jharkhand.
In a first of its kind incident, a
litigant sent a cheque of Rs 20,000 to the Bombay High Court
seeking a hearing of one hour in return, prompting a division
bench to ask him to apologise in writing.
The RBI directive to banks, asking
them not to honour cheques with overwriting, will come into
effect from December 1 instead of the earlier scheduled date
of July 1, the apex bank said in its latest circular.
The Supreme Court has held that a
convict or accused in a cheque bounce case can be let off if
the complainant agrees for a compromise.
The Reserve Bank today proposed
fixation of time frame by banks for collection of local and
outstation cheques to tighten norms for payment system in the
Day in Pics: 2nd September
Showbiz World - September 2, 2014
Celebrities welcome Ganapati