Updated: May 6, 2021, 04:09 PM IST
Some good news for state-owned Life Insurance Corporation (LIC) employees. LIC employees will now have a five-day week working policy, starting from May 10 since Saturdays have been declared as a holiday for the insurer.
Pursuant to a notification on April 15, 2021, wherein the Central government has declared every Saturday as a public holiday for the employees of the Life Insurance Corporation of India. All policyholders and other stakeholders are informed that w.e.f May 10, all offices of LIC will work from Monday to Friday, it said in a public notice. Starting May 10, 2021, office hours from Monday to Friday would be 10 AM to 5:30 PM, it added.
Tuesday, May 4, 2021
Introduction
With a sharp rise in the number of Covid-19 cases and related causalities across the country, the second wave has led the country into an unprecedented crisis. When Covid-19 first hit the planet last year, the Supreme Court took cognizance of the situation and accordingly on March 23, 2020, passed an order extending the limitation period for petitions, applications, suits, appeals and all other proceedings under the general or special law, both under central and/or state legislations, in all courts and tribunals across the country. This order was with effect from March 15, 2020 and was binding on all courts and tribunals in India. The Apex Court invoked their inherent power under Article 141 and 142 of the Constitution of India and passed such an order taking into account the difficulties that may be faced by the litigants across the country on account of the Covid-19 pandemic. Further clarifications were issued by the Supreme Court vid
Bank Holidays 2021: There are 12 days in May 2021 when banks will remain shut
As many as 12 bank holidays are earmarked for the month of May as per the holiday list notified by the Reserve Bank of India (RBI). During these days, the operations of both public and private banks will remain closed.
Some of the major holidays falling this month are Id-Ul-Fitr, Buddha Purnima and Bhagvan Shree Parshuram Jayanti among others.
The holidays also include the second and fourth Saturdays as the banks remain closed during these days.
The holidays are notified by the RBI under three brackets the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks Closing of Accounts.
Highlights
Holidays also depend on specific state festivals.
Plan bank transaction activities in a better way.
New Delhi: Before visiting your bank branch in the month of May, you must note down the list of important days during which banks will remain closed. The Reserve Bank of India (RBI) has mentioned some days when the banking operations will remain closed in the month of May 2021, although online banking activities will continue to work.
Banks will remain closed for total 12 days in the month of May, as per the Reserve Bank of India (RBI) holiday calendar list, although banking activities in different states may vary from each other.
Bank holidays in May 2021: Banks will remain closed for 12 days; See full list
0 0 1 minute read
According to the Reserve Bank of India (RBI) holiday calendar list, all banks, whether private or public sector, will be closed for 12 days in May across the country.
The COVID-19 epidemic has already forced banks to reduce working hours and employee attendance by up to 50%. These holidays have been notified by the Reserve Bank of India (RBI) under three brackets – Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday, and closure of bank accounts.
Banks will remain closed on the second and fourth Saturdays and four Sundays in May as well. According to the new guidelines, banks will also operate from 10 am to 2 pm.