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Banks to remain closed on THESE dates in Uttar Pradesh this week

It is recommended that bank customers plan their bank-based work with all of these holidays in mind to avoid any confusion.

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Banks will be closed for 4 days in the upcoming week

Visiting a bank in the month of October is no less than a task as this month is full of festivals. Diwali festivities have begun on Monday and will go on till Thursday. People who are planning to visit the bank in Uttar Pradesh have to go through the calendar first to avoid seeing a lock on the bank shutters.

Of the remaining five days, the bank will be closed for three days. Bank customers are advised to plan their bank visits accordingly to avoid any inconvenience.

Here are the bank holidays in Uttar Pradesh

October 26: As per the RBI’s list of bank holidays in October 2022, banks will remain closed on this date for Govardhan Pooja/Vikram Samvant New Year Day/Bhai Bij/Bhai Duj/Diwali (Bali Pratipada)/Laxmi Puja/Accession Day.

October 27: Banks will remain closed on this date for Bhaidooj/Chitragupt Jayanti/Laxmi Puja/Deepawali/Ningol Chakkouba.

October 30: Bank will be closed because of Sunday.

The Reserve Bank of India (RBI) has released the list of bank holidays in October 2022 according to the guidelines. The RBI divides holidays into three categories-Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday, Holiday under Negotiable Instruments Act, and Banks’ Closing of Accounts.

According to the central bank of India, in October, both private and public sector banks remain closed for 21 days due to multiple festivals including Durga Puja/Dussehra, Diwali, and Chhath Puja including the second and fourth Saturdays and Sundays.

It is recommended that bank customers plan their bank-based work with all of these holidays in mind to avoid any confusion. However, internet banking will work even on the days of festivals.

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India eyes Rs 8,000 crore mid-air refuelling aircraft deal as PM Modi begins Israel visit

India and Israel are in talks for a Rs 8,000 crore deal to convert six Boeing 767 jets into mid-air refuelling aircraft for the Indian Air Force.

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PM Modi

Prime Minister Narendra Modi began his two-day visit to Israel on Wednesday, with a key defence agreement expected to be among the major outcomes of the trip.

According to sources, India and Israel are in advanced negotiations for a deal involving six mid-air refuelling aircraft for the Indian Air Force (IAF). The proposed agreement, estimated at around Rs 8,000 crore, would significantly strengthen India’s aerial refuelling capability.

Under the plan, an Israeli government-owned corporation is expected to collaborate with Hindustan Aeronautics Limited (HAL) to convert six pre-owned Boeing 767 passenger aircraft into military tanker jets for the IAF.

IAF’s long-pending tanker requirement

The Indian Air Force currently operates six ageing Russian-origin IL-78 mid-air refuelling aircraft. Efforts to procure additional tanker aircraft have remained unsuccessful for nearly two decades, leaving the force dependent on its limited fleet and, at times, leased aircraft to meet operational requirements.

If finalised, the new agreement would mark a significant upgrade in India’s aerial refuelling capacity, which plays a crucial role in extending the operational range and endurance of fighter jets and other aircraft.

Sources indicated that negotiations are ongoing, and the agreement is likely to be formalised in 2026.

High-level engagements in Israel

During his visit, Prime Minister Modi is scheduled to hold talks with his Israeli counterpart Benjamin Netanyahu. He will also address the Knesset and interact with members of the Indian diaspora.

In his departure statement, the Prime Minister described India and Israel’s relationship as a robust and multifaceted strategic partnership that has seen remarkable growth. He said he looks forward to discussions aimed at strengthening cooperation in areas such as science and technology, innovation, agriculture, water management, defence and security, trade and investment, and people-to-people ties.

The Prime Minister noted that his address to the Knesset would mark the first time an Indian Prime Minister addresses the Israeli Parliament.

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MK Stalin predicts frequent PM Modi visits to Tamil Nadu before assembly election

MK Stalin has said Prime Minister Narendra Modi will visit Tamil Nadu more often ahead of the Assembly election, calling the tours politically motivated and questioning the Centre’s support to the state.

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MK Stalin

Tamil Nadu Chief Minister M. K. Stalin has predicted that Prime Minister Narendra Modi will increase his visits to the state as the Assembly election, expected in April or May, draws closer.

Speaking ahead of the polls, the DMK president said the Prime Minister has already begun touring Tamil Nadu and is likely to visit frequently in the coming months. He claimed that such visits could create discomfort within the BJP-led National Democratic Alliance (NDA), as alliance partners may fear the political impact of repeated appearances.

Stalin calls visit politically motivated

The Chief Minister described the Prime Minister’s scheduled programmes in the state as “politically motivated”. PM Modi is set to attend various events in Madurai in southern Tamil Nadu, including the inauguration of the first phase of the AIIMS hospital project. He is also expected to visit the Thiruparankundram Temple amid the Karthigai Deepam-related controversy and participate in a public meeting organised by the NDA.

Stalin said he has been working for all sections of the population, including those who did not vote for his party. In contrast, he remarked that some leaders are visible in the state only during election time and increase their visits as polls approach.

Criticism over Union Budget allocations

The DMK leader also criticised the BJP-led central government, accusing it of neglecting Tamil Nadu. He pointed out that while approval was recently granted for the Gujarat Metro project, there were no major announcements or allocations for Tamil Nadu in the Union Budget.

Stalin asserted that voters would remember the lack of significant measures for the state. He framed the upcoming election as a contest between Tamil Nadu and the NDA, stating that the state should be governed from Fort St George in Chennai rather than from Delhi.

The ruling DMK is currently allied with several smaller parties and, at present, the Congress, as it seeks a third consecutive term in office. Its principal rival, the AIADMK, is aligned with the BJP as part of the NDA.

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PM Modi to begin two-day Israel visit, defence and trade in focus

PM Narendra Modi begins a two-day Israel visit aimed at strengthening defence cooperation, trade ties and upgrading bilateral relations to a special strategic partnership.

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Prime Minister Narendra Modi will begin a two-day visit to Israel on Wednesday, with defence and trade cooperation high on the agenda. The visit is expected to further deepen the growing strategic engagement between the two countries.

During the trip, India and Israel are set to upgrade their relationship to a “special strategic partnership”, marking a significant step beyond the strategic partnership established in July 2017 during the Prime Minister’s first visit to the country.

Sources indicated that the new framework would enable expanded collaboration, including joint development of advanced defence systems and a strengthened understanding to support each other during times of need.

High-level engagements in Jerusalem

Mr Modi will be received at the airport by Israeli Prime Minister Benjamin Netanyahu and his wife Sara. The two leaders are scheduled to hold a one-on-one meeting shortly after his arrival.

In Jerusalem, the Prime Minister will interact with members of the Indian community before addressing lawmakers at the Knesset, a distinction reserved for select global leaders.

On Wednesday evening, he will attend a technology exhibition showcasing Israel’s advancements, with leading Israeli industry executives expected to be present. Mr Netanyahu will also host a private dinner in his honour.

Tribute at Yad Vashem and presidential meeting

On Thursday morning, Mr Modi will pay tribute to Holocaust victims at Yad Vashem. He is also scheduled to meet Israeli President Isaac Herzog during the visit.

Defence cooperation and technology partnerships

Several memorandums of understanding are expected to be signed, including a widely discussed agreement in the defence sector. As part of the proposed arrangement, a secrecy mechanism will reportedly be created to facilitate expanded cooperation in previously restricted areas.

Local media reports have indicated discussions around air defence systems and possible integration of India into Israel’s laser-based air defence system, Or Eitan.

Beyond defence, the two nations are expected to formalise cooperation in emerging and disruptive technologies such as artificial intelligence, quantum research and cybersecurity.

In New Delhi, the Ministry of External Affairs said the visit would reaffirm the deep-rooted strategic partnership and provide an opportunity to align efforts in addressing shared challenges while strengthening collaboration between the two democracies.

Defence cooperation has been a cornerstone of India-Israel relations, with Israel supplying a range of military platforms and weapon systems to India in recent years. Bilateral ties have also expanded in fields including scientific research, innovation and cybersecurity.

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