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Saturday, November 19, 2011

Cheques and Demand Drafts will be valid for only 3 months of issue

From next year all the bankers cheques , demand Drafts and pay orders will only be valid for next 3 months from the date of issue. It will be expired and become invalid if you dont use it within limit period of 3 months. As of now this limit is 6 months , but from April 1 , 2012 this is going to change.

Reserve Bank of India said that this move was intended to stop the misuse of the six-month validity period by ‘some persons’ who were circulating such instruments in the market like cash

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 02
21:15 Fed's Goolsbee speech 2
22:30 Fed's Chair Powell speech 3
22:30 BoE's Greene speech 2
Tuesday, Jun 03
03:00 BoE's Mann speech 2
04:15 Terms of Trade Index 1 1.9% 3.1% 3.1%
07:00 Current Account Balance 1 -12.0B -12.5B
07:00 RBA Meeting Minutes 3
07:00 Company Gross Operating Profits (QoQ) 1 1.1% 5.9%
12:00 Consumer Price Index (YoY) 3 -0.1% 0.0%
12:00 Consumer Price Index (MoM) 2 0.1% 0.0%
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