Thursday, December 8, 2016
Friday, December 2, 2016
Withdrawal of Legal Tender from SBNs: RBI cautions against Information received on Unsecured/Unofficial Channels
In the wake of withdrawal of legal tender character from the Specified Bank Notes (SBNs), the Reserve Bank of India has, from time to time, been issuing instructions to the banks which are sent directly to banks through an official mail. These are also placed on the Reserve Bank’s official website (https://www.rbi.org.in).
It has been reported that certain guidelines/instructions purported to be issued by the Reserve Bank are being circulated in the social media by some unscrupulous elements creating confusion in the minds of the public/bank personnel.
Indian Postal Service officer under scanner for fraudulent transactions
HYDERABAD: Indian Postal Service (IPoS) officer K Sudheer Babu reportedly made fraudulent cash exchange transactions at different post offices in Greater Hyderabad, according to investigators, in fresh revelations following raids at post offices.
On interrogating Babu, the senior superintendent of post offices, Hyderabad, CBI sleuths found that in addition to exchanging 36 lakh demonetised currency in a fraudulent manner at Himayatnagar sub-post office, in cahoots with his office assistant G Ravi Teja and Himayatnagar sub-postmaster G Revathi, the IPoS officer had also exchanged lakhs of rupees of demonetised currency at other post offices in his jurisdiction.
Thursday, December 1, 2016
FAQ on Specified Bank Notes – Emergency needs of cash then what I should do?
I have emergency needs of cash (hospitalisation, travel, life saving medicines) then what I should do?
Till the December 15, 2016, specified banknotes of only 500 denomination can be used as under:—
PM Grade Petitioners will do the needful to re-present the case again at Supreme court if not allowed them in the upcoming PSS Group B exams!!!
Dear Postmasters,
Because of the learned counsel's defects, supreme court case was dismissed against the plea of Postmaster Grade officials to allow them in PSS Group B exams.
How ever petitioners will represent the case again, with another counsel soon.
Case history:
Hon'ble Madras CAT had given the verdicts favorable to the Postmaster Grade Officials to allow them to appear in PSS Group B during 2012
Hon'ble Madras High Court had given the verdicts favorable to the Department in the appeal suit during 2014.
The Case was again appealed to the Supreme court during the period of 2015, and that was not properly put forth to the supreme court by the learned counsel.
Supreme court order copy is furnished below:
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