The Punjab Government has declared May 1 as a public holiday in commemoration of International Workers' Day. All government offices and institutions in the state will remain closed on this day to recognize the efforts and achievements of workers globally. This decision reflects the Government's commitment to recognize and value the contributions of workers towards building a strong and prosperous society.
As per the Reserve Bank of India's holiday calendar for 2024, banks in India will remain closed on May 1st for Maharashtra Day and Labour Day. This day holds significance as it marks the formation of the state of Maharashtra and celebrates the contributions of workers and the labour movement. Banks in various regions, including Bengaluru, Mumbai, and Kolkata, will remain closed, adding up to a total of 14 days of bank holidays in May. For further news on business, politics, technology, and auto, visit Zeebiz.com.
As the truncated trading week comes to an end, markets in India will be observing a holiday for Good Friday, leading to the closure of stock, bond, and commodity markets. This follows a week which saw only three trading days due to Holi. The closure of these markets may also affect the rupee exchange rate, which depreciated against the US dollar on Thursday. Regular trading activities will resume on Monday, April 1, with the BSE and NSE starting the day with a 15-minute pre-opening session.