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Briefly Business: From April 1,cheques valid for 3-months

From April 1,cheques valid for 3-months

Written by Press Trust Of India | Published: March 22, 2012 1:11 am

From April 1,cheques valid for 3-months

New Delhi: Bankers’ cheques and other monetary instruments will have only a three-month validity starting from April 1,2012,instead of the existing six months. The change is consequent to an RBI notification issued on November 4,2011. Cheques,drafts and pay orders will have a validity for three months from the date they have been drawn.

Sensex shoots up 286 points on value buying

New Delhi: The BSE Sensex resumed on a subdued note but gained sharply to close at 17,601.71,up 285.53 points or 1.65 per cent from Tuesday. The NSE 50-share Nifty rose by 90.10 points to finish at 5,364.95.

RBI extends deadline for MFI provisioning norms

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Reliance Power obtains stay on Andhra project

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Foreign fund buys R410 cr LIC Housing stake

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Telcos summoned by court for refusing portability

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