Latest news with #PASA
Time of India
5 days ago
- Time of India
Serial chain-snatcher held in Vadodara
Vadodara: The crime branch has arrested a 32-year-old man involved in a string of chain-snatching incidents across Vadodara and Ahmedabad in recent days. The accused, Mohseen Ansari, a resident of Ahmedabad, was caught with stolen gold and an unregistered motorbike. Acting on a tip-off, police traced Ansari to the Panigate area, where he was reportedly seen carrying gold chains. When officers arrived, they found him riding a motorbike without a license plate. Upon frisking him, cops recovered two pieces of gold chains. Ansari was unable to provide a valid explanation for the jewellery. During questioning, he confessed to snatching gold chains from two women in Khodiyarnagar and Sama areas of Vadodara in May and June. He also admitted to two similar crimes in the Vejalpur locality of Ahmedabad. Police have seized the stolen jewellery and the motorcycle, with a combined value of Rs 4.25 lakh. Ansari is a notorious history-sheeter with a criminal record that includes nearly 15 cases — ranging from loot and theft to assault and attempt to murder — registered across Ahmedabad, Vadodara, and Bharuch. Authorities confirmed that he has been detained three times under the Prevention of Anti-Social Activities (PASA) Act.
Time of India
6 days ago
- Time of India
History-sheeters crush 22-year-old to death
Surat: Sachin police arrested two history-sheeters on Monday night for fatally crushing a 22-year-old man. The accused, Anil Sapkale alias Komdi, 35, and his aide Kishan Rathod, 30, collided with the sports motorbike driven by Ravindra Shirsat, who was carrying the victim, Pavan Chauhan, as a pillion rider. Chauhan worked as a textile labourer in Surat. You Can Also Check: Surat AQI | Weather in Surat | Bank Holidays in Surat | Public Holidays in Surat According to police, Shirsat and his friends, including Chauhan, planned an outing along the Sachin-Navsari road on Monday night. Near Doordarshan Tower, a white car approached close to them, and Sapkale, seated in the passenger seat beside the driver, began abusing the youths. He opened the window and hurled a knife at Shirsat and Chauhan. Shirsat accelerated his motorcycle to escape, but Rathod struck the two-wheeler, causing Shirsat to lose balance. Shirsat regained control and directed the bike towards a divider. Rathod then accelerated the car, striking the motorcycle again. The bike became lodged in the car and was dragged for some distance. Chauhan, caught on the bike, was dragged along with the car. After the incident, Shirsat's friends arrived at the scene, but Sapkale threatened them. Sapkale attacked Shirsat with a knife before fleeing. Police transported the duo to a hospital where Chauhan was declared dead. Investigations revealed that Sapkale had a history of criminal activity, with 15 cases filed against him, including extortion, criminal intimidation, voluntary causing hurt, and prohibition offences. He was previously detained under the Prevention of Suffering Abuse (PASA). Rathod had past convictions for loot, prohibition, and offences under the Arms Act.
Time of India
23-06-2025
- Time of India
Man wanted for 25 yrs in murder case caught in UP
A Tired of too many ads? go ad free now hmedabad: The city crime branch on Monday arrested a man who was on the run for 25 years in connection with a robbery and murder case registered at Danilimda police station in 2001. The arrest was part of a special drive launched ahead of the rath yatra to catch long-absconding accused, said police officers. The case goes back to Jan 27, 2001, when unknown persons robbed a watchman, Bakar Ali Pathan, at Duggal Textiles in the Chandola area of Danilimda. The watchman was attacked with a knife and strangled to death. A case was filed for murder, robbery, and criminal conspiracy. The key accused, Ramu Verma, now 52 years old, was absconding since then. Based on human intelligence, police found he was working at a construction site near IIT Kanpur in Uttar Pradesh. A crime branch team detained him from the Kalyanpur area and brought him to the city for further investigation. Crime branch officers said that Verma is originally from Khmaila village in Kanpur Dehat, Uttar Pradesh. "He has a long criminal history. In 1998, he was caught in a cloth theft case in Vatva. He was also booked multiple times in Uttar Pradesh for crimes including robbery, theft, arms possession, kidnapping, extortion, attempted murder, and gang-related activity," said a police official. Police said he was also booked under the Gangsters Act and was jailed in 1999 under the Prevention of Anti-Social Activities Act (PASA) in Jamnagar. The accused was handed over to Danilimda police for further legal action in the case.
News24
21-06-2025
- Business
- News24
Who earns interest on my money when I transfer between banks?
When money 'disappears' during an EFT, no one earns interest—not you, not the recipient. But banks still benefit by holding the funds on their books, writes Maya Fisher-French. With millions of interbank transfers made every day, what happens to the interest during the transfer? This is the question from News24 reader Ian, who wrote: 'I make a normal EFT transaction transferring from Capitec to TymeBank. The funds immediately disappear from my account, but only appear several hours later at the receiving bank. If I transfer on a Saturday afternoon, they only reappear on Monday. Where are the funds in between? I'm certainly not getting any interest.' Marin Cundall, managing executive of Retail Payments at TymeBank, explained that when making a normal EFT, there are banking hours and days. The system to process these payments between banks is simply not available at certain times. When a transaction is processed on Saturday afternoon, for example, the EFT window is already closed. The bank debits the account but keeps the credit queued until the window for processing opens on Monday at 08:30. The Payment Association of South Africa (PASA) says the process generally involves holding funds in the paying bank's internal account until clearing and settlement are completed. Interest is only earned on funds once they are physically reflected in your account. According to Capitec, banks don't pay or earn interest on funds that are still in the process of clearing. Interest is only accrued once the money is fully cleared and available in the client's account. In short, no interest is paid to anyone while the funds are being transferred. But does the bank earn interest? To put it simply, banks have a balance sheet that they use to lend money, and in turn, they charge interest. To raise the money to lend out, banks encourage people to deposit funds with them by paying interest on those funds. They may also borrow from other banks, including the SA Reserve Bank, in which case the bank is paying interest. During a transfer, those funds are still on the bank's balance sheet and form part of their lending book. The bank would be 'saving' money by not paying interest, but most current accounts do not earn interest, so the impact on the individual is probably limited. However, given that billions of rands are being transferred every day, delays in transferring funds waste potential interest that could be earned. The move away from the traditional EFT system towards faster systems like Rapid Payments and PayShap will largely remove these issues. These newer payment rails support real-time clearing and settlement, ensuring that money is immediately available to the recipient.
Time of India
20-06-2025
- Politics
- Time of India
Surat CP invokes PASA against 28 ahead of Rath Yatra
Surat: To maintain law and order in Surat before Rath Yatra, the Surat police commissioner has invoked the Prevention of Anti-Social Activities Act (PASA) against 28 history-sheeters in the city. These include the alleged extortionist Avdesh Tiwari and textile cheat Arvind Vaghasiya. All these persons have been sent to jails in Ahmedabad, Bhuj and Rajkot. Tiwari faces three FIRs for extortion , lodged at Udhna and Pandesara police stations. He would allegedly make applications to the SMC and threaten people with demolishing their constructions if they did not pay him protection money. Tiwari was sent to Bhuj jail. Another notorious history-sheeter, Arvind Vaghasiya alias Atul Vaghasiya, is accused of several crimes including failing to make payments to textile traders after taking delivery of grey textile goods. Cheating FIRs have been lodged against him with Udhna and Khatodara police. He has been sent to Ahmedabad jail. Others accused in cases of loot, extortion, attempt to murder, cybercrime, cheating and bootlegging were also sent to jails under PASA. These are Niki Yadav, Chandan Swain, Ashish Saroj, Suraj Survade, Ravinder Singh, Sohel Khan, Mahendra Rana, Safruddin Shaikh, Sunny Nayak, Samir Shaikh, Dinesh Patil, Hardik Parmar, Shivam Mahanto, Ajay Patel, Hasan Pathan and Jayna Rana, among others. The Surat police commissioner has invoked PASA against 450 individuals so far this year. In 2024, 704 persons were sent to jail under PASA.
