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One FASTag Per Vehicle: NHAI Enforces New Policy for Streamlined Toll Payments

The National Highways Authority of India (NHAI) has implemented a new policy called “One Vehicle, One FASTag,” effective from April 1, 2024. This regulation prohibits using a single FASTag on multiple vehicles or associating a car with more than one active FASTag.

Addressing FASTag Misuse

The NHAI’s decision is a response to identified instances of FASTag misuse. These included vehicles equipped with multiple FASTags, leading to toll booth discrepancies, and FASTags issued without following the Reserve Bank of India’s (RBI) Know Your Customer (KYC) requirements. These practices not only violated regulations but also caused inefficiencies and delays at toll plazas, impacting other highway users.

Benefits of the New Policy

The “One Vehicle, One FASTag” policy aims to streamline FASTag usage and ensure compliance with regulations. Here’s a breakdown of the key aspects:

  • Single Active FASTag: Each vehicle should be linked to only one active FASTag. If a car has multiple FASTags, the most recently acquired one remains active, while the others are deactivated.
  • Flexible Recharge Options: Vehicle owners can conveniently recharge their FASTags through any bank or via various payment methods like BBPS, UPI, and net banking. This approach offers continued ease of management for FASTag accounts.

Checking FASTag Status

Car owners can easily verify the status of their FASTags using a simple online process:

  1. Visit the official website: https://www.npci.org.in/what-we-do/netc-fastag/check-your-netc-fastag-status
  2. Enter your vehicle details.
  3. Click “Submit.”
  4. Review the information displayed, which will show the status of each FASTag linked to your vehicle.

Maintaining FASTag KYC

To ensure smooth FASTag usage and regulatory compliance, it’s crucial to keep your KYC details updated. Here’s how to do it for different FASTag issuers:

By keeping your KYC information up-to-date, you can ensure your FASTag account remains compliant and avoid any disruptions during toll payments.

This new policy by NHAI is a step towards a more efficient and streamlined FASTag system on Indian highways. By following the guidelines and keeping their FASTag information updated, drivers can experience a smoother and faster toll booth experience.

Election Season Gets Hotter: IMD Predicts Scorching Summer in India

Heatwave Alert! Central and Western India to Face Brutal Summer India’s meteorological department, IMD, has issued a heatwave warning for the upcoming summer months (April-June). While the entire country can expect above-normal temperatures, central and western regions are predicted to experience the brunt of the heat. Key Points: Above-normal maximum temperatures are likely across most of India, with a higher probability in central and western peninsular regions. Some areas in the western Himalayas, northeast states, and north Odisha might see normal or slightly cooler temperatures.

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Lok Sabha Elections 2024: How They’re Impacting Your Competitive Exam Schedule

The upcoming Lok Sabha elections, scheduled between April 19 and June 1, are causing a domino effect on the calendars of many competitive exams in India. This blog post will provide you with the latest updates on how these elections are impacting your exam schedule and what you can expect. Exams Rescheduled Due to Elections: UPSC Civil Services Prelims: Pushed back from May 26 to June 16. NEET PG: Now scheduled for June 23 instead of the earlier date. MHT CET (PCM & PCB): Originally planned for April

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Who Can Bring the Bling? Authorized Banks for Gold and Silver Imports in 2024-25

The Indian government recently announced the list of banks authorized to import gold and silver for the fiscal year 2024-25. This list, updated by the Directorate General of Foreign Trade (DGFT), plays a crucial role in managing precious metal imports into the country.

Who’s on the List?

This year, 11 banks have received the green light from the Reserve Bank of India (RBI) to import both gold and silver. This group includes prominent names like HDFC Bank and ICICI Bank. These banks will be instrumental in fulfilling India’s demand for precious metals.

Limited Authorization for Some

Interestingly, three banks – Indian Overseas Bank, Punjab National Bank, and Union Bank of India – have been authorized to import only gold for the year. This distinction suggests a strategic approach by the government, possibly considering the specific capabilities and focus of each bank.

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Gold Imports on the Rise

The announcement comes amidst a significant rise in gold imports during the current fiscal year (April 2023 – February 2024). Compared to the same period last year, gold imports have jumped by a substantial 38.76%, reaching $44 billion. This surge indicates a continued Indian appetite for gold, often seen as a safe haven investment.

Silver Imports Dip

While gold imports are on the rise, silver imports tell a different story. Data shows an 11.53% decline in silver imports during the same period, reaching $4.62 billion. This suggests a potential shift in investor preferences or changes in industrial demand for silver.

The Takeaway

The authorization of banks for gold and silver imports is a crucial step in managing India’s precious metal needs. This year’s list reflects a strategic approach, with some banks authorized for both metals and others for gold only. With gold imports on the rise and silver imports dipping, it will be interesting to see how these trends evolve throughout the rest of the fiscal year.

Stock Market Holidays in April 2024

The stock market is gearing up for a month with a few extra breaks! Here’s a breakdown of what to expect for trading days in April 2024:

Total Closure Days:

  • There will be a total of 10 days when the stock market remains closed in April.
  • This includes the usual four Saturdays and four Sundays.
  • Additionally, there will be two weekday closures:
    • Thursday, April 11th: Eid-ul-Fitr celebration
    • Wednesday, April 17th: Ram Navami celebration
Here is the table of holidays 
 
DateHoliday
April 1, 2024EidulFitr
April 13, 2024Saturday
April 17, 2024Ram Navami
April 20, 2024Saturday
April 21, 2024Sunday
April 27, 2024Saturday
April 28, 2024Sunday
 

Planning Your Trades:

Traders and investors should keep these holidays in mind when making investment decisions. It’s important to:

  • Review upcoming holidays: Be aware of closure dates to avoid placing orders that can’t be adjusted until the market reopens.
  • Plan entry and exit points: Strategize your trades considering the holiday schedule to ensure you can manage your positions effectively.
  • Stay informed: The stock exchange may announce additional closures or schedule adjustments. It’s wise to check for updates regularly.

Quick Reference: Stock Market Timings

While the market is closed on the days mentioned above, here’s a reminder of the typical trading schedule for weekdays:

  • Pre-Open Session: 9:00 AM to 9:08 AM (order entry and modification)
  • Regular Trading Session: 9:15 AM to 3:30 PM (normal/limited physical market)
  • Closing Session: 3:40 PM to 4:00 PM
  • Block Deal Session Timings:
    • Morning Window: 8:45 AM to 9:00 AM
    • Afternoon Window: 2:05 PM to 2:20 PM

Important Note:

The stock exchange reserves the right to adjust the schedule or announce additional closures. Always check for updates from official sources before making trading decisions.

To know more about BANK holiday in April 2024 

click here 

Big Investment Firm Cuts Value of Twitter After Elon Musk Takeover

A major investment company called Fidelity just slashed the value of its Twitter holdings by a big chunk (5.7% in February) and it’s even lower now than when Elon Musk bought Twitter back in October. In total, they say Twitter’s worth has dropped a whopping 73%!

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Why the Drop? We Don’t Know for Sure

Fidelity hasn’t explained exactly why they think Twitter is worth less, but there could be a few reasons:

  • Tech Market Wobble: Maybe the whole tech industry is just doing poorly right now, bringing Twitter down with it.
  • Bumpy Takeover Ride: Perhaps integrating Twitter into Musk’s plans is proving trickier than expected, making investors nervous.
  • Fewer Users? It’s possible some people left Twitter after the big changes, hurting its potential income.

Looking Ahead: New Chatbot on the Horizon

Despite the value drop, Elon Musk seems focused on the future. He recently announced a new, super-smart chatbot called Grok-1.5 coming to Twitter next week, with even more advanced versions planned. This could attract new users interested in the latest AI tech.

Should You Invest?

It’s too early to say if Twitter’s value will continue to drop or bounce back. People looking to invest will likely be watching closely to see how things go with the new chatbot and other developments.

Adani Mundra Solar Company Job Vacancy

Adani Mundra Solar Company Creating Jobs and a Sustainable Future

Adani Group, a prominent Indian company, has taken a significant step into the metals industry with the launch of its copper refinery project in Mundra, Gujarat. This brand new initiative, spearheaded by Kutch Copper, a subsidiary of Adani Enterprises Limited, promises to generate substantial employment opportunities while bolstering India’s self-sufficiency in copper production.

Highlights of the Project:

  • Kutch Copper’s initial phase boasts a capacity of 0.5 million tonnes per annum (MTPA).
  • Upon completion of the second phase, Kutch Copper will become the world’s largest single-location custom smelter, with a total capacity of 1 MTPA.
  • The project is estimated to create a total of 7,000 jobs, with 2,000 direct positions and 5,000 indirect opportunities.
  • Adani Enterprises is investing nearly $1.2 billion in this ambitious project, demonstrating the group’s dedication to propelling India’s growth in the copper sector.

Sustainable and Self-Reliant Copper Production at the Forefront

  • Kutch Copper prioritizes environmentally friendly practices and aims to set a new standard for ESG (environmental, social, and governance) performance within the copper industry.
  • The company underscores its commitment to minimizing the environmental impact of the plant through various measures:
    • A third of the plant’s area is dedicated as green space.
    • The plant utilizes desalinated water for operations and implements a zero-liquid discharge system to minimize water consumption.
    • Kutch Copper utilizes technology designed for a low carbon footprint.
    • Treated wastewater is recycled within the processes to reduce waste generation.

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Light Up Your Career at Adani Solar

Light Up Your Career: Apply Now for a Once-in-a-Lifetime Opportunity at Adani Solar!

We’re hiring:

Open positions in Mundra, Gujarat, India

Sr.No.Position CodePosition
1PIW-01Plant Head – Ingot & Wafers
2PIW-02Head – Process – Ingot & Wafers
3PIW-03Head – Quality – Ingot & Wafers
4PIW-04Production Engineer – Ingot & Wafers
5PIW-05Maintenance Engineer – Ingot & Wafers
6PIW-01Production Engineer – Cell Topcon
7PIW-02Process Engineer – Cell Topcon
8PIW-03Quality Engineer – Cell Topcon
9PIW-01Process Engineer – Cell Perc
10PIW-02Maintenance Engineer – Perc
11PIW-01Process Engineer – Module
12PIW-02Maintenance Engineer – Module
13PIW-01Head-Technology – Module
14PIW-04Manager-Technology MG Silica

A Glimpse into the Future

  • The copper produced by Kutch Copper will address the rising demand in sectors like renewable energy, electric vehicles, and power transmission networks.
  • By prioritizing sustainability and cutting-edge technology, Kutch Copper is positioned to play a crucial role in India’s journey towards self-reliance and achieving carbon neutrality.

Bank holidays in April 2024 (Full Detail )

Bank holidays in April 2024: INDIA 

  • Understanding Bank Holiday Schedule: In April 2024, banks will observe closures on specific dates, totaling 15 days. These closures align with the Reserve Bank of India’s (RBI) holiday schedule, encompassing Sundays and second and fourth Saturdays.

  • State-Specific Variations: It’s important for customers to note that bank holiday schedules may vary from state to state. Before planning any banking activities, individuals should consult the holiday list relevant to their state of residence.

  • Ensuring Smooth Transactions: Whether you’re scheduling financial transactions or planning a visit to the bank, staying informed about holiday closures is vital. 

Bank Holidays in April 2024:

  • Babu Jagjivan Ram’s Birthday/Jumat-ul-Vida
  • Gudhi Padwa/Ugadi Festival/Telugu New Year’s Day/Sajibu Nongmapanba (Cheiraoba)/1st Navratra
  • Ramzan-Id (Id-Ul-Fitr)
  • Bohag Bihu/Cheiraoba/Baisakhi/Biju Festival
  • Bohag Bihu/Himachal Day
  • Shree Ram Navami (Chaite Dasain)
  • Garia Puja

During April 2024, banks across the country will be closed on the following dates. These holidays are additional to the regular bank holidays, which include the 2nd and 4th Saturdays of each month.

Bank branches will be closed for a maximum of 15 days in April 2024

Here’s a table summarizing the bank holidays and weekends in April 2024:

DateHoliday Description
April 1Yearly Accounts Closing
April 5Babu Jagjivan Ram’s Birthday/Jumat-ul-Vida
April 9Gudhi Padwa/Ugadi Festival/Telugu New Year’s Day/Sajibu Nongmapanba (Cheiraoba)/1st Navratra
April 10Ramzan-Id (Id-Ul-Fitr)
April 11Ramzan-Id (Id-Ul-Fitr) (1st Shawaal)
April 13Bohag Bihu/Cheiraoba/Baisakhi/Biju Festival
April 15Bohag Bihu/Himachal Day
April 17Shree Ram Navami (Chaite Dasain)
April 20Garia Puja
April 7Sunday
April 13Second Saturday
April 14Sunday
April 21Sunday
April 27Fourth Saturday
April 28Sunday

Bank holidays in April 2024 across different states:

DateState(s)Holiday Description
April 1Mizoram, Chandigarh, Sikkim, Bengal, Himachal Pradesh, MeghalayaClosing of Yearly Accounts (Banks Open)
April 5Telangana, Jammu and SrinagarBabu Jagjivan Ram’s Birthday/Jumat-ul-Vida
April 9Maharashtra, Karnataka, Tamil Nadu, Hyderabad – Andhra Pradesh, Hyderabad – Telangana, Manipur, Goa, Jammu and SrinagarGudhi Padwa/Ugadi Festival/Telugu New Year’s Day/Sajibu Nongmapanba (Cheiraoba)/1st Navratra
April 10KeralaRamzan-Id (Id-Ul-Fitr)
April 11All states except Chandigarh, Sikkim, Kerala, Himachal PradeshRamzan-Id (Id-Ul-Fitr) (1st Shawaal)
April 13Tripura, Assam, Manipur, Jammu and SrinagarBohag Bihu/Cheiraoba/Baisakhi/Biju Festival

Note: Please double-check the dates with the holiday list provided by the RBI.

To know more about the stock market holiday 

click here 

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