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Stock markets shut for Ram Navami today, NSE, BSE closed, MCX to open in evening

Indian stock markets are closed today for Ram Navami, with NSE and BSE halting trading while MCX resumes in the evening session.

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Stock market

Trading activity across Indian stock exchanges has come to a halt on Thursday as markets remain closed for Ram Navami. Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are shut for the day, pausing activity on Dalal Street.

While equity markets are closed, the commodity market will function partially. The Multi Commodity Exchange (MCX) will resume trading in its evening session from 5 pm.

Cluster of holidays ahead

Market momentum is expected to face interruptions in the coming days due to a series of scheduled holidays. Trading will remain closed again on March 31 for Mahavir Jayanti and on April 3 for Good Friday, resulting in an extended break for investors.

Overall, 2026 has a total of 16 scheduled market holidays. With three already observed, several closures are lined up through the remainder of the year.

After Good Friday, the next market holiday will fall on April 14 for Ambedkar Jayanti. This will be followed by Maharashtra Day on May 1 and Bakri Id on May 28.

Later in the year, markets will remain shut on occasions including Muharram (June 26), Ganesh Chaturthi (September 14), and Gandhi Jayanti (October 2). Dussehra (October 20), Diwali Balipratipada (November 10), and Guru Nanak Jayanti (November 24) are also part of the holiday calendar, with Christmas on December 25 marking the final closure of the year.

Markets recover losses

Indian equity benchmarks have recently shown signs of recovery after a period of decline. The Nifty50 and Sensex recorded strong gains over two consecutive sessions amid easing geopolitical concerns.

At Wednesday’s close, the Nifty50 ended 394 points higher, while the Sensex gained 1,205 points, reflecting improved investor sentiment.

The rebound comes as tensions in the Middle East showed signs of easing. Iran indicated that non-hostile vessels could pass through the Strait of Hormuz, reducing fears of major supply disruptions.

Despite the positive momentum, analysts caution that volatility may persist in the near term.

Global markets trend higher

Global markets also witnessed an upswing overnight, while crude oil prices declined. Reports suggested that the United States had shared a ceasefire proposal with Iran, contributing to easing tensions.

Brent crude futures dropped 2.17 per cent to settle at $102.22 per barrel, while US West Texas Intermediate crude fell 2.20 per cent to $90.32 per barrel.

On Wall Street, major indices closed higher. The Dow Jones Industrial Average rose 0.66 per cent, the S&P 500 gained 0.54 per cent, and the Nasdaq Composite advanced 0.77 per cent.

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India News

Over 43 lakh names removed from Jharkhand draft voter rolls after special revision

The Election Commission has released Jharkhand’s draft electoral rolls after the Special Intensive Revision, with over 43 lakh names removed and 83.51% of registered voters submitting enumeration forms.

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The Election Commission on Wednesday published the draft electoral rolls for Jharkhand following the completion of the enumeration phase of the Special Intensive Revision (SIR), with more than 43 lakh names removed from the voter list.

Jharkhand Chief Electoral Officer (CEO) K Ravi Kumar said the state had 2,64,63,236 registered voters before the Special Intensive Revision exercise began. Following the completion of the enumeration process, the draft electoral roll now contains 2,21,01,249 electors.

According to the CEO, 2,21,01,249 electors, or 83.51 per cent of the total registered voters, submitted their enumeration forms by July 29, reflecting strong participation in the revision exercise.

Door-to-door verification conducted during revision exercise

The enumeration exercise for the Special Intensive Revision began on June 30 and continued until July 29. During this period, Booth Level Officers (BLOs) carried out door-to-door visits to distribute, collect and verify enumeration forms submitted by eligible voters.

Why over 43 lakh names were removed

A total of 43,61,987 names were deleted from the draft electoral rolls after being identified under the Absent, Shifted, Dead or Duplicate (ASDD) category.

The CEO said the deleted names include:

  • 7.63 lakh voters who had died.
  • 15.92 lakh voters who had permanently shifted.
  • 14.50 lakh voters who were untraceable or remained absent during the verification exercise.
  • 4.38 lakh voters whose names were found registered at multiple locations.

In addition, around 1.16 lakh voters refused to sign the enumeration forms and did not return the completed forms to Booth Level Officers during the enumeration phase, the CEO added.

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India News

Lok Sabha passes Bankers’ Books Evidence Bill, 2026 to recognise digital bank records as evidence

The Lok Sabha has passed the Bankers’ Books Evidence Bill, 2026, replacing the colonial-era law and recognising digital, electronic and cloud-based bank records as admissible evidence in courts.

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The Lok Sabha on Wednesday passed the Bankers’ Books Evidence Bill, 2026, paving the way for digital and electronic bank records to be recognised as admissible evidence in courts. The proposed law aims to replace the colonial-era Bankers’ Books Evidence Act, 1891 and update the legal framework in line with modern banking practices.

Bill passed amid opposition protests

The legislation was passed through a voice vote after persistent disruptions in the House prevented a detailed discussion.

When the Lok Sabha reconvened at 2 pm following an earlier adjournment, opposition members continued raising slogans despite repeated appeals from the Chair to take up the Bill for discussion.

Finance Minister Nirmala Sitharaman moved the Bill for consideration and passage amid the disruptions. With the protests continuing, the House passed the legislation without a debate. The Bill had been introduced in the Lok Sabha on Monday.

What the new Bill proposes

The proposed law, to be known as the Bankers’ Books Evidence Act, 2026, seeks to modernise the legal framework governing bank records used in legal proceedings.

According to the statement of objects and reasons, rapid technological advancement and the growing use of digital banking have made it necessary to update the existing law, which was enacted when banking records were maintained primarily in physical form.

The Bill expands the definition of “bankers’ books” to include records maintained in physical, electronic, digital, virtual, cloud-based and other formats. This aims to create a technology-neutral and future-ready legal framework for the banking sector.

Key provisions of the legislation

The Bill also proposes standardised certificate formats and allows authentication through manual, digital or electronic signatures. It expressly recognises electronic bank records as admissible evidence and permits their production in either physical or electronic form during legal proceedings.

Another provision empowers the central government to extend the applicability of the law to other entities or classes of entities operating in the financial sector, subject to specified conditions.

The legislation also defines the term “special cause”, under which a court may direct a bank officer to produce bankers’ books or appear as a witness to prove transactions, accounts or other matters in legal proceedings where the bank is not a party.

Why the law is being replaced

The existing Bankers’ Books Evidence Act, 1891 was enacted during the pre-independence period to allow certified copies of bank records to be accepted as evidence without requiring the original records to be produced before the court.

Since the law was framed when banking records were predominantly maintained in physical form, the government has proposed replacing it with legislation better suited to today’s digital banking ecosystem.

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Meta executive Joel Kaplan apologises over restriction of PM Modi’s social media post

Meta’s Chief Global Affairs Officer Joel Kaplan apologised to IT Minister Ashwini Vaishnaw after the company admitted it mistakenly restricted Prime Minister Narendra Modi’s social media post before restoring it.

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Meta’s Chief Global Affairs Officer Joel Kaplan on Wednesday apologised to Union IT Minister Ashwini Vaishnaw on behalf of the company after Prime Minister Narendra Modi’s social media post was mistakenly restricted.

Kaplan said he conveyed the apology to the minister over what he described as an error that led to the restriction of the Prime Minister’s post.

Meta says restriction was an error

Prime Minister Narendra Modi had shared a vertical video on July 23 in which he addressed the public directly. According to Meta, the video was briefly removed from Facebook and Instagram before being restored.

The company attributed the removal to a technical glitch and said the content had been taken down in error before being reinstated on its platforms.

Government found explanation inadequate

The Ministry of Electronics and Information Technology (MeitY) reviewed the incident and described Meta’s initial explanation as “inadequate”. The company subsequently maintained that the removal was unintentional and restored the post.

India remains Meta’s largest user market, with hundreds of millions of people using Facebook, Instagram and WhatsApp.

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