CHEQUE BOUNCING GUIDELINES

SC GUIDELINES

TO

SETTLE CHEQUE-BOUNCE CASES

The Supreme Court of India has issued guidelines for encouraging quick settlement of cheque bounce cases, stipulating graded penality ranging from 0-20 per cent of cheque amount, depending upon delay.

If the accused made an application compounding the offences at the first or the second hearing of the case, the trial court would allow it without imposing any costs, a three-member Bench headed by Chief Justice KG Balakrishanan ruled.

The magistrate concerend would impose a penality of 10 per cent on any request made after the second hearing. Similarly, if the application for compounding is made before a sessions court or a High Court in revision or appeal, the accused would have to pay 15 per cent of the cheque amount by way of costs.

At the Supreme Court level the penality would be 20 per cent, the Bench, which included Justice P.Sathasivam and JM Panchal, said. The guidelines issued in view of a legal vacuum on the subject were also aimed at facilitating quick disposal of 30 lakh cheque-dishonour cases pending in various courts.

Source: The Tribune May 6, 2010.

GREEN THOUGHTS

IM Soni brings out the joys of maintaining a kitchen garden in the middle. "Green fingers" (April 30) Man's longing for seeing tiny seed sprouting into beautiful plants is understandable as both have roots in the mother earth.

We can find joy in plants and trees, if we are bored by the rush of bustiling crowds on our streets.

There is a myriad variety of plants, flowers, trees and birds around us which we fail to notice. In the daily rush of our lives, we forget to appreciate nature's bounty. If we sit for a while and clear the cobwebs blurring the memories of our childhood, we can definitely remember climbing up a gauva tree or stealing mangos while the gardener was away.

In the face of catching up with life, the real wonder of life like trees, flowers, birds, dandelions and beetles are left behind. If we stop and look at a tree, we will wonder why we are in such hurry! We can learn a lot from trees- the virtue of patiences, giving fruits and shade to one and all without discrimination.

BHUSHAN CHANDER JINDAL, JALANDHAR

A LETTER TO THE TRIBUNE May, 6, 2010

INVASION OF PRIVACY

NO LIE DETECTOR TESTS SAYS
SUPREME COURT OF INDIA

'NARCO, POLYGRAPH & BRAIN MAPPING INVADE PRIVACY"

The Supreme Court of India is of the view. " No individual can be forced and subjected to such techniques involuntarily, and by doing so it amounts to unwarranted intrusion of personal liberty. "

Source: The Tribune May 6, 2010.

EDUCATION LOAN

EDUCATION FOR ALL. THE ELIGIBILE (6 -14 YEARS OF AGE) CHILDREN CAN NOW SEEK EDUCATION FREE OF ANY FEE UNDER RIGHT TO EDUCATION ENACTED BY GOVT. OF INDIA. EDUCATION IS LIGHT. ILLITERACY IS DARKNESS.

Government of Indian in consultation with Reserve Bank of India (RBI) and Indian Banker's Association (IBA) has framed a Comprehensive Loan Scheme to ensure that no deserving student is deprived of higher education for want of finances. The new scheme covers all types of courses in India or abroad including professional courses in schools and colleges.

The salient features of the scheme are :
1. The scheme envisages loans upto Rs. 7.50 lacs for studies in India and upto Rs. 15.00 lacs abroad.
2. For loans upto Rs. 4.00 lacs no margins or collatoral is required and the interest rate is not to exceed the Prime Lending Rate(PLR). For loans above Rs. 4.00 lacs the interest rate will not exceed PLR plus 1 per cent.
3. Loans are to be repaid in a period of 5 to 7 years with a grace period of one year from the date of completion.
TAX BENEFIT:
Loan Repayment up to Rs. 40000/- is deductible under section 80E of Income Tax Act for a period of 8 years. This deduction is available for the full time professional or other courses.
Reserve Bank of India has instructed all commercial banks to sanction theses loans.\

So, now education is easier to pursue.

In another milestone in the history of India, Unique Identity Card is being introduced. The project is likely to be completed by the end of this year 2010. This unique card will be enough to avail the various welfare schemes of the government. This card has been renamed as "Aadhar" meaning foundation.

In another unique feat by human soul, television is showing a person practising "hath yoga". The 82 years old man has not taken any food or drunk any water for the past over 65 years. 35 renowned doctors have put the man under observation from 22nd April, 2010 to 7th May, 2010 to find out how he has managed to live for so many years without food and water. The doctors from NASA and other countries have come to Hyderabad to observe the old man. The observing doctors conducted a Press Conference and declared that his brain analysis (MRI) has revealed that his brain is as good as that of 25 years' boy. "This is miracle," they say.
The man is calm, quiet, happy and has faith in infinite power of soul. This is "hatth yoga". This proves that man is not body but soul. He says that he gets the power to live from one drop of nectar that drops from his "pituatary gland." Television channels are regularly showing him as agile and awake under observation.

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The MOTIVATION #8

The meaning of man’s life
Matches the marvels of
Man’s labor.



The value of work and its contribution to achievement
Has long been recognized by philosophers, teachers,
Poets, writers, and business people; they all have endorsed,
“Nothing does as much good for a man,
As a hard day’s work.”

Henry Ford II said;
“The first specific qualification for success
In my view is a strong work ethic.”

Paul J.Meyer says:
“Work is PURE JOY!
…work refines character,
….Work weeds-out the garden of the mind,
…..Work overcomes adversity and defeat.
…..Work is the breath of life.
…..Work is the reward for being alive.”

The reality remains
Work is life, and good work is good life.

Hence,
Learn to enjoy your work; work long and hard,
And give your job extra burst and energy,
If you do it that way; you’ll stand a
Much better chance of reaching your goal.

The MOTIVATIONS #7

You will not do
Incredible things
Without
An incredible dream.



Dreams are untapped possibilities
within us waiting to be born.

They are the beauty of the human mind,
To do anything that we want to do.
They are the strength of the human will,
To trust our-self to test out limits,
They are the courage to succeed,
They are the material out of which
We can build our future.

If you want to live a life of greatness,
Don’t let of your dreams or think of them as too outlandish,
Or merely as fantasies; instead honor them; as messages
From the deepest past of your being. Spend some quality
Time with them. They are real to the extent that you value them,
Commit to them, learn the skills you lack and act upon them.

Always remind yourself
“Life rewards those who aren’t afraid to step out in the
directions of their dreams.”

So, be that person today and everyday from now on,
Who claims the dream he has for himself, and believes himself
Of being capable of achieving whatever
He want in his life.

The MOTIVATION #6

Positive anything is better
Than negative nothing


Positive thinking is an amazing tool which can enable
Anyone to achieve a more fulfilling and successful life.
Through harnessing the power of positive thinking
Your mind is tuned in to expect success.
And virtually, it will make you feel sure of it so that
You know deep down you WILL succeed
In whatever you are doing. In fact, all human wisdom
Is summed up in two words – wait and hope.



A POSITIVE ATTITUDE IS THE FIRST PRINCIPLE,
BY WHICH YOU MAY BENEFIT BY THE MAGIC POWER OF BELIEVING.

Thomas A.Edison BELIEVED that he could perfect the incandescent
Electric lamp despite the fact, that he failed more than
Ten thousand times before, he made his belief come true.

Marconi BELIEVED that the ether could be made to carry the vibrations of sound without the use of wires and he carried on through many failures until he was rewarded by victory.

Columbus BELIEVED that he would find land in an uncharted ocean and he sailed on and on, despite the threatened mutiny of his sailors, until he found land.

Henry Ford BELIEVED that he could build a horseless buggy that would provide low cost rapid transportation, and, despite the skepticism of many people;

Positive thinkers are the forerunners of civilization, the builders of industries, the creators of Empires, the revealers of the bountiful benefits made available to us by the Creator (God) of all things.

The MOTIVATION #6

Positive anything is better
Than negative nothing


Positive thinking is an amazing tool which can enable
Anyone to achieve a more fulfilling and successful life.
Through harnessing the power of positive thinking
Your mind is tuned in to expect success.
And virtually, it will make you feel sure of it so that
You know deep down you WILL succeed
In whatever you are doing. In fact, all human wisdom
Is summed up in two words – wait and hope.



A POSITIVE ATTITUDE IS THE FIRST PRINCIPLE,
BY WHICH YOU MAY BENEFIT BY THE MAGIC POWER OF BELIEVING.

Thomas A.Edison BELIEVED that he could perfect the incandescent
Electric lamp despite the fact, that he failed more than
Ten thousand times before, he made his belief come true.

Marconi BELIEVED that the ether could be made to carry the vibrations of sound without the use of wires and he carried on through many failures until he was rewarded by victory.

Columbus BELIEVED that he would find land in an uncharted ocean and he sailed on and on, despite the threatened mutiny of his sailors, until he found land.

Henry Ford BELIEVED that he could build a horseless buggy that would provide low cost rapid transportation, and, despite the skepticism of many people;

Positive thinkers are the forerunners of civilization, the builders of industries, the creators of Empires, the revealers of the bountiful benefits made available to us by the Creator (God) of all things.

The MOTIVATIONS #5

It is the nature of man
To rise to greatness
If greatness is expected of him


When you expect greatness from someone,
You set that stage for them to be great,
You stretch their thinking,
You help them raise the bar on
What they see as possible for themselves,
You force them to realize that playing small is not acceptable,
And they usually rise to the occasion,

George S.Patton said,
Don’t tell people how to do things; tell them what to do
And let them surprise you with the results.

Start to EXPECT

- Share your thinking with your team,
BE SPECIFIC
What would greatness look like from your team?

The MOTIVATION #4

No one is so good
That he has no bad in him, and
No one is so bad that
He has no good in him


We human beings are a complex lot,
Many religious writings and great literary works are based upon
The constant struggle between good and evil
That goes on inside every one of us.
This struggle is as old as mankind itself.
Yet, while we recognize our own inner struggles,
We are often quick to condemn others.

Psychologists tell us that
There is no such thing as bad person;
There are only bad behaviours.
Make it a point to look for the good in yourself and in others.
Nurture the good character trait and work on the ones
That may need improvement.

Like plants in a garden, the character traits that grows
Strong and productive will be those that are fed,
Watered, and weeded regularly.


Source: PAPERPASSION

The MOTIVATION #3

Our business in life
Is not to succeed
But to continue to fail
In good spirits.


It is a psychological fact, that
we cherish most what have worked hardest to gain.
Still, the trials, disappointments and defeats
Are inevitable part; even of the most victorious lives,
We are human beings; we are limited,
You have limits, I have limits,
We are fallible. That’s reality.
But, there is a big difference
Between failing and being a failure.
One is a learning, and an opportunity to grow.
The other is an end point.

Failing is not a disgrace if you have sincerely done your best,
Don’t let not achieving your desired outcome derail you,
Endure every trial in the right spirit, consider it,
As you’ve found a way that doesn’t work,
When a man bears with composure

One heavy mischance after another, the soul shines out
Not because he does not feel them, but because
He is a man of high and heroic temper.

The MOTIVATION #2

The mind grows only
Through use,
And it atrophies*
Through idleness.

Just as the physical body becomes strong
Through regular exercise,
So does the mind require regular use
To remain strong.

Make sure that your personal development plan
Includes plenty of mental stimulation,
One of the best ways to develop your imagination
And visualization skills is through reading.
As you read, your mind translates the words into images
That help you better understand the concepts
About which you are reading.

Be a voracious reader,
Read newspapers, trade magazines,
Self-help books, and novels,
All will contribute to your store of knowledge,
And to your ability to visualize
And more effectively use your imagination.

The MOTIVATION #1

To be a great person,
Walk hand-in-hand and side-by-side
With people who are great.

It is said
“You are the average of the five people
You spend the most time with.”
Take a few minutes, check and really think about the five people;
Who are you spending your time with? And make a list,
From one to five and write them down.

Name of Person #1_____________________________
Name of Person #2_____________________________
Name of Person #3_____________________________
Name of Person #4_____________________________
Name of Person #5_____________________________

OK, Now, next to each person make an arrow,
UP IF THEY inspire you and make you a better person,
DOWN if they bring you down.

This exercise is frighteningly simple.
We all want to be with people who bring us up. Not down.

The question for you is:

Do you need to alter your Top Five?

If yes, then choose wisely, don’t fool around with those
who have messed-up their lives; instead spend time with positive,
ambitious people who have plans for their lives.

BRAINWAVE TECHNOLOGY from USA

Hello Reader,
There are many companies around the world creating CDs with such technology.
We use brainwave technology in our Mind Machines, Genius CD, etc.

I want you to know what others in the world are doing ... I want to inform and education you ... so you know what is going on in the world and then if you decide to order our products, great, and if you decide to order some other product, that is great too. I say so because I don't really care whether you purchase our product, but what I do care about is you find what is right for you and do it, so you get success.

Below is one such brainwave technology in USA by Greg Frost, whose description of the technology follows in their own words:

It is scientifically proven that these special type of audios can be used to influence your brain into specific 'states'. For example they can be used to...

1) Increase Motivation

2) Increase Energy

3) Increase Focus

4) Increase Creativity

5) Increase Learning

6) Increase Happiness

7) Increase Relaxation

8) Reduce Stress

9) Stop Panic AttacksAnd so much more.

However, scientific research has revealed that many dynamic thought leaders, scholars and the most intelligent people share similar brainwave frequencies and display distinct peak brain states while engaged in mental tasks.

So I decided to take the first step and try some titles out. And I must admit, I've seen amazing improvement in certain aspects of my life. I could really go on and on about the wonderful technology that my friend Greg Frost has been using to help thousands of others...but I think it'd be best if you check it out for yourself.I'm not asking you to do anything drastic. Just spare 3 minutes and experience this incredible technology for yourself.

I guarantee that you'll be bowled over.

Remember... 'Choice'...not 'chance' determines destiny. It is within your own power to change your life today.

Mind Machine is highly recommended by 5 Ph.D Professors of Sukhadia University after 7 years' research on 120 students. M.Ps are using. Useful for students of all classes( 9th 10th, 12th B.A, M.A, M.Com., M.B.B.S etc. and competitions like IAS/PCS/CA/CS/ICWA/Bank clerk and P.O. etc. CAUTION: Don't buy and use 15 days prior to exam. Don't use while driving. Epilepsy Patientients should not use. Mind Machine changes brainwaves and sharpens the memory and analytical skills for quick learning and understanding. No medical claims are made.

NOTE: We are not responsible for the machines NOT PURCHASED through US. Kindly don't report any claim or problem regarding them to us.

CONTACT:
Prof Keshap
FRANCHISEE: RAJ BAPNA'S MIND MACHINE
MIND POWER INSTITUTE

32/4 FF BLOCK-C, B.R.S NAGAR,
LUDHIANA-141 012.

BUY, USE AND BENEFIT.

Image Courtesy:

http://emmaprescott.com/

GOLDEN NUGGETS

1. The most selfish one letter word “I” “Avoid It.”
2. The most satisfying two letter word “WE”

“ AlwaysUse it ”
3. The most poisonous three letter word “Ego”

“ Kill it.”
4. The most used soothing four letter word “Love” “Value it.”
5. The most pleasing five letter word “smile”. “Keep it ”
6. The fast spreading six letter word “rumour.” “Ignore it.”
7. The hardest working seven letter word “Success” “Achieve it.”
8. The most enviable eight letter word “Jealousy”

“ Distance from it.”
9. The most powerful nine letter word “Knowledge” “ Acquire it.”
10.The most essential ten letter word “confidence”. “Trust it.”

WISH YOU -

THE READER -

A VERY HAPPY AND PROSPEROUS NEW YEAR 2010

HAPPINESS CANnot BE BOUGHT OR BORROWED.

IT IS BLESSING OF THE WISE THINKING.

LIFE FOR THOSE WHO THINK IS a comedy.

LIFE FOR THOSE WHO FEEL IS a tragedy.

choice lies with you.

TO REMAIN PERMANENTLY HAPPY IS AN ATTITUDE.

DEVELOP THIS ANCIENT WISDOM.

ONLY YOU CAN DO IT.

NONE ELSE HOWSOEVER CLOSE HE IS.

FIND OUT THE TROUBLES AND TROUBLE PEOPLE THAT MAKE YOU UNHAPPY.

Image courtesy: http://www.quotesarcade.com/graphics/wisdom/

PRAYER PAYS

Ajay Pandey
innervoice@hindustantimes.com

Prayer is the core of every religion. A moment of prayer is a moment of isolation, self-realisation and deep introspection. It makes one feel that no existence in this world is more than a drop in the ocean.

When you pray, not only do you accept the supremacy of God, you also surrender yourself in his service and seek his blessings. This is another subtle way to get rid of one’s ego and become more humane and accommodating.

Even if one is praying with so many people, he is actually not a part of any collective phenomenon . He is more like a discrete unit that has its own identity in an apparent continuum.

The gleam of hope an individual may be harboring in the gloomiest of times has its foundation emanating from faith and prayer. Those words uttered in private have an indefinable strength and the capacity to travel fast, very fast indeed.

In fact, it’s rightly believed that neither a bullet, nor sound, nor even light can march the pace of which a simple, pure, prayer travels.

It reaches God even before the individual says it.

It truly establishes a heart-to-heart contact between a human being and the supreme power.

No amount of external peace can take care of the turbulence within. The inner peace looks for solace through different instruments and mediums, and prayer is surely one of them. The responses to agonies of the past, the turmoil of present and the hopes linked to our future, all find a silently flowing expression in prayer and purpose of life starts become clearer and clearer.

Prayer might assume different forms but all forms, though different in expression, have the same objective – to bow to that supreme. A prayer is a strong weapon available to human beings to seek answers to their queries that more often than not appear to be baffling.

It’s our moral duty to inculcate the importance of faith and prayer in our coming generations because this is wherein lies the hope for the whole of human civilization for peaceful co-existence.

PRAYER IS A FREE CALL 2 GOD. No battery, no charging, no network problem, endless talk time. So pray to God and start your day. You will really feel fresh, happy and enlightening day by day.

Image Courtesy: www3.newport.ac.uk/.../corporate/Prayer.jpg

Source: Hindustan Times Dec. 14, 2009.

God! Bless My Friends

Let all my friends be healthy and happy forever...!
GOD said: But for 4 days only....!
I said: Yes, let them be a Spring Day, Summer Day, Autumn Day, and Winter Day.
GOD said: 3 days.
I said: Yes, Yesterday, Today and Tomorrow.
GOD said: No, 2 days!
I said: Yes, a Bright Day (Daytime) and Dark Day (Night-time).
GOD said: No, just 1 day!
I said: Yes!
GOD asked: Which day?
I said: Every Day in the living years of all my friends!
GOD laughed, and said: All your friends will be healthy and happy Every Day!
Send this to your friends and bless them with good health and happiness...
Pass on the warmth despite the ever-changing weather...

P.S.: GOD said Good friends must keep in contact!

Source: Email from upasna.malik3@yahoo.co.uk