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Centre to soon amend Payment of Wages Act: Labour Minister

Centre to soon amend Payment of Wages Act: Labour Minister

In order to ensure that workers receive their salaries either through cheques or directly in their bank accounts, Union Labour Minister Bandaru Dattatreya on Sunday said the Centre would soon amend the Payment of Wages Act.

EPFO allows small firms to pay dues by cheques and drafts

Giving a breather to small firms, retirement fund body EPFO has allowed employers, whose statutory contribution is less than Rs 1 lakh, to make payment through bank drafts, banker's cheques and local cheques till December this year.

EPFO allows small firms to pay dues by cheques and drafts

Giving a breather to small firms, retirement fund body EPFO has allowed employers whose statutory contribution is less than Rs 1 lakh to make payment through bank drafts, banker's cheques and local cheques till September this year.

RBI to do away with need to return paid govt cheques to depts

Easing norms to enhance efficiency of cheque clearing system, the Reserve Bank starting next month will do away with the requirement of returning back paid government cheques to the concerned departments.

Don’t pay over Rs 50K in cash for at-par cheques: RBI to banks

To mitigate the risk of money laundering and terror funding, the Reserve Bank Tuesday asked banks not to pay more than Rs 50,000 in cash to customers holding at-par cheques.

Only 3.6% households go in for cashless dealings: Report

Just 3.6 percent households in the country undertake cashless transactions, although the government and the Reserve Bank have been taking steps to promote e-payment channels, says a report.

Levy charges on cash withdrawal, deposits by cheques: RBI

Seeking to discourage usage of cheques, an RBI paper Thursday suggested that banks should charge cash withdrawal and deposit through cheques, while the government agencies should do away with 'convenience charges' for online payment of utility bills.

RBI asks banks to issue cheques with uniform features by Sep30

To ensure the time-bound migration to CTS-2010 standard cheque formats, all banks are advised to arrange only "multi-city or payable at par CTS-2010 standard cheques not later than September 30, 2012," it said.