Diwali Muhurat Trading and Railway Ticket Changes Take Center Stage on November 1st
As the festival of lights, Diwali, illuminates India, November 1st brings with it a host of important developments across various sectors. From the auspicious Diwali Muhurat trading session on the stock market to changes in railway ticket reservation policies, and even water shortages in parts of Delhi, there’s plenty to keep track of. Let’s delve into the key events shaping the day.
NSE and BSE Host Diwali Muhurat Trading Session
The leading stock exchanges, BSE and NSE, will conduct a special one-hour ‘Muhurat Trading’ session today, marking the start of the new Samvat 2081. This symbolic session, held between 6 pm and 7 pm, signifies the beginning of a new Hindu calendar year. It’s widely believed that trading during the ‘Muhurat’ or auspicious hour brings prosperity and financial growth for investors.
Indian Railways Reduces Ticket Reservation Time
In a move aimed at improving seat allocation efficiency and potentially increasing ticket confirmation rates, the Indian Railways has reduced the advance reservation period for tickets from 120 days to 60 days. This marks the 12th revision to the reservation period since 1921, highlighting the ongoing efforts to optimize railway operations.
Delhi Faces Water Shortage Amidst High Ammonia Levels in Yamuna
The Delhi Jal Board has announced water shortages in several parts of the national capital until November 1st due to high ammonia content in the Yamuna river. Areas affected include parts of east, northeast, and south Delhi, as well as regions under the New Delhi Municipal Council. The high ammonia levels have prompted the board to restrict water supply in these areas.
Delhi L-G Deploys Terminated Bus Marshals for Pollution Mitigation
In a proactive approach to combating air pollution, Delhi’s Lieutenant Governor VK Saxena has directed the deployment of terminated bus marshals for pollution mitigation duties for four months. These civil defence volunteers, who were dismissed last year, will be tasked with undertaking initiatives to reduce air pollution levels in the capital. The lieutenant governor has also urged the city government and chief minister to develop a concrete scheme for their future engagement after the four-month period.
SEBI Implements Insider Trading Rules for Mutual Funds
The Securities and Exchange Board of India (SEBI) has implemented new insider trading rules for mutual funds. These rules require designated persons, trustees, and their immediate relatives to report all transactions exceeding ₹ 15 lakh in an asset management company’s mutual fund units within two business days. This threshold applies to both single transactions and multiple transactions within a quarter, per PAN, across all schemes except exempted ones.
Karnataka Celebrates Rajyotsava Day with Emphasis on Kannada Culture
Karnataka, on the occasion of its formation day – Rajyotsava Day – will witness a celebration of Kannada culture. Karnataka Deputy Chief Minister D K Shivakumar has instructed that the Kannada flag be compulsorily hoisted at all educational institutions, businesses, and factories, including in the information technology and biotechnology sector in Bengaluru. Schools and colleges are also mandated to hold cultural programmes, showcasing the rich heritage of the Kannada language and culture. This move underscores the state’s commitment to promoting its regional identity and language.
