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GAIL fire: Compensation cheques given to affected families

Last Updated: Monday, June 30, 2014, 22:57

Gas Authority of India on Monday distributed ex-gratia amount of over Rs 4.60 crore to the next of kin of the deceased and families of those injured in the devastating fire at the company`s pipeline in a village in East Godavari district last week.

Bounced cheques: MD of pharma firm sent to jail

Last Updated: Friday, February 28, 2014, 20:24

A local court on Friday sentenced the Managing Director of a pharmaceutical company to five months in jail and asked him and the firm to pay a fine of Rs 3.2 crore for issuing 16 cheques which were dishonoured.

Manish Tewari distributes Rs 60 lakh cheques for development

Last Updated: Tuesday, December 03, 2013, 21:23

Union Minister Manish Tewari today distributed cheques to the tune of Rs 60 lakhs for development works in different villages in Dakha from his MP Local Area Development (MPLAD) fund.

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

Last Updated: Tuesday, October 29, 2013, 21:30

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.

Fine can't be more than twice the amount in bounced cheque: SC

Last Updated: Wednesday, October 16, 2013, 18:47

Courts cannot impose a fine of more than twice the amount in bounced cheques, the Supreme Court has held, stressing that the limit is inviolable and should be respected.

Power of Attorney holder can also file cheque bounce cases: SC

Last Updated: Sunday, September 15, 2013, 11:00

The Supreme Court has held that a criminal complaint in a cheque bounce case can be filed and pursued by a person who holds a power of attorney (PoA) on behalf of the complainant.

Only 3.6% households go in for cashless dealings: Report

Last Updated: Friday, September 06, 2013, 19:10

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.

Follow uniform holiday calender for CTS cheque clearing: RBI

Last Updated: Friday, August 23, 2013, 23:27

The Reserve Bank Friday directed banks to adopt a uniform holidays calender to streamline cheque clearing system for Cheque Truncation System (CTS) centres in New Delhi, Chennai and Mumbai.

BSF, CISF donate cheques for Uttarakhand flood vic

Last Updated: Friday, July 05, 2013, 20:28

Paramilitary forces BSF and CISF contributed to the relief fund of Uttarakhand rain and floods victims.

Joint account: only signatory of cheque to be tried, says SC

Last Updated: Tuesday, July 02, 2013, 21:11

The Supreme Court has held that a joint account holder cannot be prosecuted in a cheque bounce case unless the cheque has been signed by each and every person of such account.

RBI extends deadline for issuance of new format cheques

Last Updated: Monday, March 18, 2013, 22:54

The Reserve Bank also said the system of post dated cheques and payment via Equated Monthly Installment (EMI), in either the old or new format, will be banned from now wherever electronic debit facilities are available.

Levy charges on cash withdrawal, deposits by cheques: RBI

Last Updated: Thursday, January 31, 2013, 21:46

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.