India's Reserve Bank, Insurance Regulatory Development Authority, and Income Tax Department have declared March 31 as a working day to facilitate timely financial transactions and tax obligations.
The RBI has designated 33 agency banks to remain operational on this significant date. The list includes 12 public sector banks like State Bank of India (SBI) and Bank of Baroda (BoB), along with 20 private sector banks such as HDFC Bank Ltd and ICICI Bank Ltd.
India Business News: The Reserve Bank of India (RBI) has instructed all agency banks to keep their branches open for government transactions during normal working hours on March 30 and March 31, 2024.
As Europe seeks to hold its ground against economic rivals, politicians think they have a secret weapon: the untapped savings of its citizens. From Italy selling government bonds to households, to French talk of a pan-European savings product or Britain offering tax breaks for investment in UK shares, governments across Europe are seeking ways to mobilise household wealth. All these plans share an underlying thinking: Europe is sitting on plenty of cash that could be channelled towards its goals, from the green transition to beefing up militaries.