In an unprecedented show of cultural and religious fervor, India gears up for the grand inauguration ceremony of the Ram Temple in Ayodhya, scheduled for January 22, 2024. This historic event, graced by Prime Minister Narendra Modi and over 8000 VIP guests from around the world, has ignited a wave of celebration across the nation.
Government Offices and Educational Institutions Announce Holidays
To mark this momentous occasion, 10 BJP-ruled states across India have declared a public holiday. All government offices, schools, and colleges in these states will remain closed, allowing citizens to partake in the festivities. The central government, too, has announced a half-day holiday in all central government institutions, signaling the importance of this event at a national level.
Financial Institutions and Private Sectors Join in the Celebrations
In a rare move, the banking sector, including all government banks, will observe a half-day closure, resuming operations only after 2:30 PM. This step reflects the sector’s participation in the national event. Additionally, major private corporations like Reliance Industries have also decided to keep their offices closed on this day, further underscoring the widespread impact of the ceremony.
Public Holidays Across Diverse States
Apart from the central government offices, state governments in Uttar Pradesh, Goa, Madhya Pradesh, Haryana, Chhattisgarh, Tripura, Odisha, Gujarat, and Assam have also declared a public holiday on January 22. This unified response from various state governments highlights the ceremony’s significance across diverse regions of India.
Impact on Stock and Currency Markets
The enthusiasm surrounding the Ram Temple inauguration is palpable in the financial sector as well. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed, indicating the ceremony’s impact on India’s economic landscape. Furthermore, the currency market will operate on a half-day schedule, opening at noon instead of the usual 9 AM and closing at 5 PM, as per a circular issued by the Reserve Bank of India. This adjustment in market hours is a nod to the ceremony’s national importance.
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