Bank Holidays 2022 under NI Act: Manipur

The Government of Manipur declared the following days of the year 2022 as public holidays under section 25 of the Negotiable Instrument Act 1881 Sr.No Date Day Occasion/Festival Date 1 01.01.2022 Saturday NEW YEAR DAY 2 14.01.2022 Friday IMOMU IRATPA 3 15.01.2022 Saturday GAAN –NGAI-NI 4 26.01.2022 Wednesday REPUBLIC DAY 5 15.02.2022 Tuesday LUI-NGAI-NI 6…

Bank Holidays 2022 under NI Act: Himachal Pradesh

The Government of Himachal Pradesh declared the following days as public holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 01.03.2022 Tuesday MAHA SHIVRATRI 3 18.03.2022 Friday HOLI * 01.04.2022 Friday Banks’ Annual closing of  Account(holiday applicable to…

Transaction Limit in UPI enhanced to Rs 5 lakh for specified categories.

In the Statement on Developmental and Regulatory Policies on December 8, 2021, the Reserve Bank of India announced an increase in the UPI Transaction Limit for Specified Categories.The statement said that the ‘Reserve Bank has been making efforts to facilitate greater participation of retail customers in financial markets, e.g. investment in the G-secs segment through…