The Reserve Bank of India in a recent circular has directed that with effect from April 1, 2012, banks should not make payment of cheques /drafts / pay orders / banker’s cheques if they are presented beyond the period of three months from the date of such instrument. Its worthy to make note of the above guidelines. Cheques/drafts/payorder/bankers cheques issued on and after 1st April, 2012 will be valid only for a period of three months. However, please note that the instruments which are issued prior to 1st April. 2012 will remain valid for 6 months from the date of issue.
Automobile Giant Honda recalls 646,000 Fit/Jazz & City cars worldwide because of its window switch defect which could lead to fire.Yesterday it was Toyota and today its Honda. Whats the problem ? Under some severe operating conditions, water or any other liquid may enter the driver's window and reach the master power window switch resulting in impaired function of the switch. If the master power switch is damaged then it may lead to fire and and threat to life. There were three reported cases of fire due to the defect two in America and one in South Africa. Jazz in India wont be hit Honda spokesperson in India said it wont affect Jazz in India because the hatchback sold in India are next generation model and the defects pertains only to the previous generation models which was not sold to India.
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