Koppa: Man reunites with son after 7 years
Koppa: A man from Kumbragodu village in Koppa taluk has finally reunited with his son after a gap of seven long years, following efforts by him and the local police.
The man, Manjunath, had been separated from his wife Shobha several years ago after a family dispute. The couple had twin boys. Following their separation, Shobha reportedly took one of the sons, who was just five years old at the time, and left him with another family in the taluk. She then went missing, and her whereabouts remained unknown.
Manjunath had been searching for his wife and son all these years, but without success. Recently, he received information that his son was staying with a couple in the Koppa area. Hoping to see him, Manjunath went to their house. But things took a wrong turn, locals mistook him for a kidnapper, thrashed him, and handed him over to the police.
Manjunath then filed a complaint with the Jayapura Police Station. Based on his complaint, the police started investigating the matter and found that the child in question was indeed his son. The boy was studying in Class 5 at a local school.
Police then produced the child before the District Child Welfare Committee. After following due procedures, the boy was officially handed over to Manjunath.
Assistant Sub-inspector Ravikumar along with police personnel Kalavathi, Nagaraj, and Sathish were part of the team that worked on this case.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
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.
