BANK HOLIDAYS 2024: TAMIL NADU
The Tamil Nadu government has announced a list of 24 days as public holidays in 2024 under the Negotiable Instruments Act, 1881, which will be applicable to State government offices, its undertakings, corporations and boards, among others. Sr.No Date Day Occasion/Festival Date 1 01.01.2024 Monday NEW YEAR’s DAY 2 15.01.2024 Monday PONGAL 3 16.01.2024 Tuesday…
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Bank Holidays 2024: Himachal Pradesh
The Government of Himachal Pradesh vide notification No.GAD-A(F)10-7/2023 dated 02.11.2023 declared the following days as public holidays for the year 2024 under section 25 of the NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday MAHASHIVARATRI 3 25.03.2024 Monday HOLI * 01.04.2024 Monday Banks’ Annual…
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Many changes made in SCSS, PPF and Post office savings rules
The government issued a notification on November 9, 2023, making several important changes in the popular Senior Citizen’s Savings Scheme (SCSS), Public Provident Fund (PPF), and 5-year post office time deposit. As per new rules, individuals of 55 Years and above who retired before 60 years of age can invest the retirement benefits in the…
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Bihar State Bank Holidays 2024
The Government of Bihar declared the following public holidays for the year 2024 under explanation to section 25 of the Negotiable Instrument Act 1881 as per gazette notification dated 11th September 2023 (Schedule 4). Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 22.03.2024 Friday BIHAR DAY 3 26.03.2024 Tuesday HOLI 4 27.03.2024…
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IBC Resolution Plan Can’t Ignore Government Dues: Supreme Court Dismisses batch of Review Petitions
The Supreme Court on Tuesday (October 31) dismissed a batch of review petitions filed against a 2022 judgment which held that the definition of a secured creditor under the Insolvency and Bankruptcy Code (IBC) 2016 included any government or governmental authority and that a resolution plan which ignored dues to the government was liable to…
DA CHART FOR BANK STAFF (NOVEMBER 2023 TO JANUARY 2024)
Consumer Price Index for July, August, and September 2023 are respectively- 139.70, 139.20, and 137.50. It works out to 693 slabs of DA payable to bank staff for the quarter of November 2023 to January 2024. Hence there will be an increase of 61 slabs in DA for the above period at 48.51% as per…
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