Punjab CM Bhagwant Mann to get married on Thursday
Chandigarh, Jul 6: Punjab Chief Minister Bhagwant Mann will on Thursday tie the nuptial knot for the second time.
Mann (48) separated from his first wife in 2015. He has two children from his first marriage.
"The chief minister is getting married in a private ceremony here tomorrow. He will tie the knot with Dr Gurpreet Kaur, who belongs to Pehowa in Haryana's Kurukshetra," AAP's Punjab unit chief spokesperson Malvinder Singh Kang told PTI over the phone.
Only family members, including Mann's mother, sister, relatives, and a few guests will attend the wedding, sources said, adding Delhi Chief Minister and AAP national convener Arvind Kejriwal is expected to be in attendance.
Sources said that this marriage is an arranged one.
State ministers Harjot Bains and Aman Arora as well as the party's senior leader Raghav Chadha congratulated Mann on Twitter.
"Wishing my Chief Minister Bhagwant Mann Ji a very happy and blessed married life ahead. I wish them both a lifetime of love, respect and companionship," Bains said.
Arora congratulated Mann for starting married life and wished "both a life full of happiness, joy, love, prosperity, health and companionship. May the almighty shower His blessings on both of you".
Senior AAP leader Raghav Chadha gave his best wishes to Mann and his would-be wife.
"Best wishes to my 'vadde veer' (elder brother) Mann Saab and Dr Gurpreet Kaur for a happy and blessed married life," tweeted Chadha, who is a Rajya Sabha MP.
Punjab Congress president Amarinder Singh Raja Warring also congratulated Mann as he starts a "new chapter in his life".
"My heartiest congratulations to the CM Bhagwant Mann Ji as he starts a new chapter in his life tomorrow. Best wishes for a happy and blissful married life ahead," he tweeted.
Mann's 21-year-old daughter Seerat and 17-year-old son Dilshan from his first marriage had flown in from the US for the ceremony when he took oath as Punjab chief minister in March.
Bhagwant Mann had taken oath on March 16 as Punjab chief minister at a ceremony held in freedom fighter Bhagat Singh's village Khatkar Kalan village in Shaheed Bhagat Singh Nagar district.
AAP had stormed to power in Punjab earlier this year winning 92 of the 117-Assembly seats.
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Banks to clear cheques within few hours from Oct 4: RBI
Mumbai, Aug 13 (PTI): The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days.
Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours. The clearing cycle will be reduced from the present T+1 days to a few hours.
Cheque Truncation System (CTS) currently processes cheques with a clearing cycle of up to two working days.
To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch processing to continuous clearing with 'on-realisation-settlement'.
The Reserve Bank of India (RBI) has issued a circular for introduction of Continuous Clearing and Settlement on Realisation in CTS.
"It has been decided to transition CTS to continuous clearing and settlement on realisation in two phases. Phase 1 shall be implemented on October 4, 2025 and Phase 2 on January 3, 2026," it said.
There will be a single presentation session from 10:00 AM to 4:00 PM.
Cheques received by the branches shall be scanned and sent to the clearing house by the banks immediately and continuously during the presentation session, RBI said.
"For every cheque presented, the drawee bank shall generate either positive confirmation (for honoured cheques) or negative confirmation (for dishonoured cheques)," it said.
During Phase 1 (from October 4, 2025 to January 2, 2026), drawee banks will be required to confirm (positively/negatively) cheques presented on them, latest by the end of the confirmation session (7:00 PM), else those will be deemed to have been approved and included for settlement.
In Phase 2 (from January 3, 2026), the item expiry time of cheques shall be changed to T+3 clear hours.
Giving an example, the RBI said the cheques received by drawee banks between 10:00 AM and 11:00 AM will have to be confirmed positively or negatively by them by 2:00 PM (3 hours from 11:00 AM).
Cheques for which confirmation is not provided by the drawee bank in the prescribed 3 hours shall be treated as deemed approved and included for settlement at 2:00 PM.
RBI further said that on completion of settlement, the clearing house will release the information of positive and negative confirmations to the presenting bank.
"The presenting bank shall process the same and release the payment to the customers immediately, but not later than 1 hour from successful settlement, subject to usual safeguards," it said.
RBI directed banks to make their customers adequately aware of the changes in the cheque clearing process.
Banks have also been asked to be in readiness to participate in continuous clearing in CTS on the prescribed dates.
