Questions

In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949, Reserve Bank of India directs that with effect from April 1, 2012, banks should not make payment of cheques/drafts/pay orders/banker’s cheques bearing that date or any subsequent date, if they are presented beyond the period of three months from the date of such instrument. Accordingly, cheques, Drafts, Pay Orders and Banker’s Cheques are “valid for 3 months from the date of instrument”, with effect from 01.04.2012. 

But while the average Mughal farmer produced more than in later times, he most probably produced less than in earlier times. On the whole, the Mughal period was marked by agricultural stagnation, if not slump. The per capita yield was declining, and the average man in Mughal India probably had less to eat than before. 'The surplus income left to the peasant was tending to decrease, where it had not already vanished,' says Moreland. 'The provinces,' says Pelsaert, 'are so impoverished that a jagir which is reckoned to be worth 50,000 rupees, may sometimes not yield even 25,000, although so much is wrung from the peasants, that even dry bread is scarcely left to fill their stomachs.'