Everything that happen to us, Happen for a reason, Reason that should make us even closer to Allah (Creator/God)
- Education is important to shape a person character in life.
- Love is the oldest teaching in the world, for the history of our human existence is through love from our Creator.
- Nothing can change a person but the person itself.
If you want a happier life, change the way you view the world around you. Take off the negative glasses and put on the positive ones.
Banpo Bridge Water Fountain is located in Seoulalong the Han gang River which is located beside the Hangang Park. In 2007 the Handgun Renaissance Project was launched to create, develop and revive the river area as a recreational area for locals and tourists to hang out. Part of this project was the Banpo Bridge Water Fountain. The fountain was named “Moonlight Rainbow”. The fountain shoots down 190 tons of water per minute to the river from each side of the bridge with its 380 nozzles. At night the color of the fountain will be transformed to that of a rainbow by the 200 lights that radiate various colorful effects.
Water Display Show at Banpo Bridge Korea - Banpo Bridge (Moonlight Rainbow Fountain) is the world's longest bridge fountain.Banpo Bridge is located in Seoul along the Hangang River which is located beside the Hangang Park. In 2007 the Hangang Renaissance Project was launched to create, develop and revive the river area as a recreational area for locals and tourists to hang out. Part of this project was the Banpo Bridge Water Fountain. The fountain was named “Moonlight Rainbow”. The fountain shoots down 190 tons of water per minute to the river from each side of the bridge with its 380 nozzles. At night the color of the fountain will be transformed to that of a rainbow by the 200 lights that radiate various colorful effects.
The Banpo Bridge is a major bridge in downtown Seoul over the Han River, South Korea, connecting the Seocho and Yongsan districts. The Banpo Bridge is on top of Jamsu Bridge, forming a "double deck" bridge. During periods of high rainfall, the Jamsu Bridge is designed to submerge as the water level of the river rises, as the lower deck lies close to the waterline. This deck incorporates pedestrian and bicycle paths that provide easy access to the Banpo Hangang Park from the north side of the river. Banpo Bridge is a girder bridge and was completed in 1982 .Moonlight Rainbow Fountain at Banpo Bridge
The Moonlight Rainbow Fountain is the world's longest bridge fountainThat set a Guinness World Record with nearly 10,000 LED nozzles that run along both sides that is 1,140m long, shooting out 190 tons of water per minute. Installed in September 2009 on the Banpo Bridge, Seoul mayor Oh Se-hoon praised that the bridge will further beautify the city and showcase Seoul's Eco-friendliness, as the water is pumped directly from the river itself and continuously recycled. The bridge has 38 water pumps and 380 nozzles on either side, which draw 190 tons of water per minute from the river 20 meters below the deck, and shoots as far as 43 meters horizontally. Water Display Show at Banpo Bridge Korea.
Let's see another photograph/picture of During Banpo Bridge Rainbow Fountain Show"
Water will dance accordingly with the song rhythm.
Some of the light photography I took on that night.
Cheque Bounce case are not taken as a serious beach of the section 138,because the time taken by the courts is too much and hence the cheque issuing parties are least bothered, and particularly those who issue cheque with inferior intense, there should be some remedy for this. There should be some ready made solution for these violation, with riders like if any of the party turns bogus, than the punishment for the defaulter should be a greater than monetary fine. some jail terms should be mandatory. This can reduce the case of cheque bounce to a notable nos.
Thosewriting cheques without adequate
funds in theiraccountriskhaving their account blocked a measure that will further
tighten the regime around bounced cheques.
India’s largest lenders( Bankers) has
decided to close the accounts of those customers whodefault on their cheques too frequently, a lead other banks are sure to
An internal circular of the bank has asked
officials to close the accounts of those customers whose cheques have bounced
four times or more in a financial year.
The new norm will be applicable for those
who do not maintain enough balances to meet their standing instructions for
electronic clearing services where the bank is authorized to debitregular
payments directly to their accounts.
Other banks, both public and private, may
soon follow as the issue has been informally discussed amongst public sector
banks, said a senior person in the Indian Banking Association (IBA).
“Banks are expected to enforce financial
discipline amongst its customers,” he said, adding that a month’s notice will
be issued, giving customers ample time.
The IBA directive reinforces the central
bank’s attempts to penalize the deliberate default by the cheque issuer. An
email sent to the bank remained unanswered until the time of filing this story.
If the information on such
closed accounts is shared among banks, or with the institutions that maintain
credit scores of individuals, defaulters would find it difficult to access
financial services or the costs of such services will go up for them sharply.
bouncing of cheque entitles the holder of cheque to take criminal action
against the drawer of cheque but only if a strict procedure is followed in this
respect, which is as follows:
In case a cheque is bounced, a notice has to be issued to the drawer of the
cheque (Oppsoite Paty) within 30 days from the date of memo accompanying the
bounced cheque is received from the Bank.
The notice by the holder of the cheque should demand the amount for which the
cheque has been bounced, providing 15 days to settle the matter.
The Opposite Party has 15 days from the receipt of the notice to settle the
matter and no cause of action arises till the expiry of these 15 days or if
paid within this specified period.
After the completion of said 15 days, if the opposite party does not settle the
matter or ignores the notice, then the holder of the cheque may file a criminal
complaint before the appropriate court within 30 days of the expiry of said 15
In case, it is beyond the said period of 30 days, the delay can be condoned by
the court on sufficient cause being shown.
Stage Of Cheque Bounce..
bounce case normally takes an average of one year to complete the proceedings
before trial court. The following are the important stages in a cheque bounce
1) Filing of complaint: The complaint need to be filed before the
jurisdictional magistrate within 30 days from the accrual of the cause of
action. The complainant need to be present before the magistrate at the time of
filing. The original documents need to be shown to the magistrate. If
prima-facie a case is made out, the magistrate will post the matter for sworn
2) Sworn Statement: At this stage, the complainant needs to enter the witness
box and give further details regarding the case. If the magistrate is satisfied
that there is some substance in the case of the complainant, then he will issue
a summons to the accused.
3) Appearance of Accused: On receipt of summons, the accused need to appear in
the court. If he does not appear in the court, the court will issue an arrest
warrant against him. After appearance, the accused is supposed to take a bail
from the court with or without sureties. If the accused is unable to furnish a
surety then he can deposit a cash security, instead of surety. This cash
security is refundable to the accused after the conclusion of the case.
4) Recording of Plea: In the next stage, the court will ask the accused as to
whether he has committed the offence or not. If the accused admits the guilt,
the court will immediately give him punishment. If he pleads innocence, the
court will post the matter for evidence.
5) Evidence: The Complainant has to furnish his evidence, normally by way of
affidavit; this is known as examination-in-chief. He needs to produce all
documents in support of his case like bounced cheque, dishonor memo, copy of
notice etc. Later complainant will be cross examined by the accused. If there
are other witnesses in support of the complainant, then their evidence also has
to be recorded.
6) Statement of the Accused: After the Complainant side evidence is over, the
court will put some questions to the accused regarding his guilt. An accused
needs to give his version to the same.
7) Defense Evidence: After the Accused statement the court will give an
opportunity to the accused to leave his evidence. The accused can also produce
documents in support of his case, as well as witnesses in his support. Accused
and his witnesses will be cross examined by the complainant. After this, the
case is posted for arguments.
8) Arguments: Both the Complainant and the accused will submit their
arguments before the court. They can also furnish judgments of high courts and
Supreme Court in support of their case. Normally a written argument containing
a gist of the oral argument is also furnished to the court.
9) Judgment: After the arguments, case is posted for judgment. If the court
finds that the accused has committed offence, he will be punished with fine or
imprisonment. If he is innocent, the court will acquit him. If accused is
convicted, then he needs to suspend his sentence, for a period of 30 days with
in which time, he can file an appeal before the sessions court.
What is CIBIL (Credit Bureau) and why is it so important today?
Most customers in India, who have Credit Cards and Personal Loans are unaware of the existence of CIBIL (Credit Information Bureau (India) Ltd.) which will definitely play a very important role in their financial planning in future. When your going applying for Any Loan, All banker should be check your credit score through CIBAL.Whoever getting more than 750 Score getting individually, 80% of chance may getting loan approval by Bankers.
Take for example case One of my friend Mr.Tomas who dropped his Credit Card Cheque on the Payment Due Date in the Skypak Dropbox. However, for some reason the payment got updated against his Credit Card a day late and he got levied a hefty late Payment Fee of Rs.300 in addition to service tax. Not someone to be taken for a ride he called the bank and registered a complaint for reversal.
Most Credit Card Issuers get several such reversals every month amounting to Crores of rupees. Based on some internal thumb rules, they reverse out some charges and decline other reversals. (I would like to highlight the policy adopted by HDFC and Deutsche Bank where they give the customer the benefit of doubt and confirm the reversal on the call itself – the first complaint on reversals is always resolved in the customers favour) Very often it is very difficult for the bank to judge if the customer is telling the truth or there has been some inefficiency at the cheque pickup agency. Mr.Tomas request was declined and he did not get the reversal. His next recourse was to write to the Head Service department in the bank and after 30 days write to the Banking Ombudsman. I completely agree with him.
However what Mr.Tomas does not realize is that in the intervening period his other statement has already got generated and as his complaint has not got resolved he has not paid the Rs.300 late payment Charge he has been levied. As a result in the following month he gets reported to CIBIL as a defaulter who has not paid his Credit Card Minimum Amount Due. Two more statements get generated and now the amount with Interest and service tax has inflated to Rs.600. He has been reported to CIBIL thrice for not paying his Minimum Due – the impact of which is as follows.
Next time Mr. Tomas applies for a Credit Card or a Personal Loan which he desperately requires, the changes of it getting declined are extremely high.
Why does this happen? 1. Every bank before giving you a Credit Card or Loan will check your CIBIL Record 2. The CBIL Record gives the performance of the current Cards and Loans that you hold 3. The following can ruin your CBIL record completely a. Not paying your EMI / Credit card Minimum Due every month b. Not paying the dues for a longer period of time 4. Every time you do not Pay your Credit Card or Personal Loan outstanding the CIBIL score dips further and the amount of outstanding and the number of days outstanding is visible to other banks as well In the current scenario banks will think a million times before giving credit to a customer who has a bad record on CIBIL. If you have a bad record on 2 or more relationships or have not paid your Credit Card Outstanding for 6 months (write-off case) then please forget about it. This will definitely impact you as more and more banks start using CIBIL, which eventually may be used for Pre Employment checks, Utility Payment checks as well. The day when the interest rate given to you depends on your CIBIL score is also not very far away.
Please keep the following in mind! 1. Whatever happens, try to be regular with your payments.
2. If you have a dispute on the Credit Cards, you can take up the issue, but please continue to pay your Minimum Amount Due every month. You can ask for the subsequent reversal later.
3. Head Service Departments as well Banking Ombudsman are useful authorities and my experience with them has been great, they do take fair decisions – so pursue your case with them while you continue to make the Minimum Payments to keep your Records from going to CIBIL
4. It is not worthwhile ruining your CIBIL record for a few hundred rupees of Late Payment Fee. Do realize that the bank does not care about the consequences of passing your records to CIBIL – it is only a file upload for them. You should definitely fight your case – but do not hurt yourself.
I think my details have already been reported in CIBIL. What do I do? You can be reported to CIBIL because of 3 reasons 1. You have not paid your dues – You definitely need to be reported. Once you pay your dues over a period of 24 months your score will improve provided you start making regular payments again. 2. Erroneous updation by bank – Due to an error at the banks end due to inefficiencies in their Cheque Pickup agencies etc. they may not receive the payments in time and they incorrectly report your details to CIBIL, then they initiate the process to delete the name from CIBIL or sometimes the customer finds out when the application gets declined and needs to rush bank to the bank to get the record rectified 3. If you are currently in a dispute with the bank (especially payment not received etc) – I would suggest you settle it quickly and as a pre condition as for settlement, ask the bank to delete the reporting they have done to CIBIL.
Remember that your CIBIL score will improve over time once you start making regular payments. So do not worry, if your record is bad and CIBIL score is low, just continue making your Loan and Credit Card payments on time and it will pickup.
Personally, the biggest problem I have with the CIBIL system is that Customers cannot view this data and point out any incorrect reporting. Due to deficiencies and inefficiencies in bank there are several incorrect uploads on CIBIL and these uploads affect the customer’s Credit Record in a big way. There is no way the customers can get to know of these goof ups and rectify the same. They will get a rude shock one day when they go to seek Credit. Because my cheque had bounced more than twice in quarterly of thrice in calendar year. This is a broader consumer battle that we will need to fight.