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Bank holiday today on Hazrat Ali birthday: Where are banks closed on January 3? Check list | India Business News – The Times of India

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Bank holiday today on Hazrat Ali birthday: Where are banks closed on January 3? Check list | India Business News – The Times of India


As 2026 gets underway, it’s advisable to check the bank holiday calendar before planning a visit to the branch. Missing a holiday can quickly turn a bank visit into a wasted trip, particularly in the early days of the year when people are getting back to work and managing their finances. Banks in India observe a mix of national and state-specific holidays, which means branch closures can differ from one state to another.

Are banks closed on January 3?

On Saturday, January 3, banks in Uttar Pradesh are closed to observe the birthday of Hazrat Ali. Usually banks are shut only on second and fourth Saturdays of the month according to the RBI calendar.

More holidays in January 2026:

January 12: Banks in West Bengal will be closed to mark the birthday of Swami Vivekananda.January 14: Banking services will be suspended in Gujarat, Odisha, Assam and Arunachal Pradesh on account of Makar Sankranti and Magh Bihu.January 15: Banks in Karnataka, Tamil Nadu, Sikkim, Telangana and Andhra Pradesh will remain shut in observance of Uttarayana Punyakala, Pongal, Maghe Sankranti and Makara Sankranti.January 16: Banks in Tamil Nadu will be closed for Thiruvalluvar Day, followed by another closure in the state on January 17, 2026, due to Uzhavar Thirunal.January 23: Banks in Tripura, Odisha and West Bengal will remain shut in observance of the birthday of Netaji Subhas Chandra Bose, Saraswati Puja (Shree Panchami), Vir Surendrasai Jayanti and Basanta Panchami.January 26: Banks will remain closed nationwide on the occasion of Republic Day.Being aware of bank holidays in advance can help customers plan essential financial transactions and avoid last-minute disruptions. However, a bank holiday does not mean that no banking activity is available. Even when branches are closed, customers can continue to access online banking services, ATMs, mobile banking apps and UPI for fund transfers, bill payments and other routine transactions. However, services that require a physical visit to the branch, such as large cash deposits, cheque clearances and the issuance of demand drafts, will not be available. To avoid inconvenience, account holders are advised to plan such activities ahead of time and rely on digital banking options during bank closures.



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Zudio, Trends: Budget fast fashion is taking small-town India by storm

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Zudio, Trends: Budget fast fashion is taking small-town India by storm



More Indians in small towns are now shopping for affordable brands instead of unlabelled goods in the bazaars.



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Energy crisis cost Scottish economy £11bn, study finds

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Energy crisis cost Scottish economy £11bn, study finds



New figures show the recent spike in energy prices cost Scotland’s economy £11 billion, leading to renewed calls for the country to end its “dependence on international fossil fuels”.

A new report by the Energy & Climate Intelligence Unit (ECIU) calculated the direct additional costs faced by businesses, households and other “energy consumers” between 2021 and 2024 as a result of the energy crisis.

This saw wholesale gas prices soar in the wake of Russia’s invasion of Ukraine, while the price of road fuel rose due to a spike in oil prices.

The analysis shows the crisis cost Scottish households an additional £5.8 billion in excess energy costs, which the ECIU said equates to around £2,260 per household, or 70% of a typical Scot’s annual spend on food and non-alcoholic drinks.

Those in areas with the lowest average household incomes were also found to have spent a greater proportion of their income on energy on excess energy costs than people in richer areas.

Industry faced additional costs of £1.8 billion, with Glasgow (£800 million), Edinburgh (£740 million), the Highlands and Islands (£560 million) and Aberdeen (£390 million) seeing the biggest spikes.

Meanwhile the commercial, agricultural and public sector organisations had to absorb an extra £2.6 billion.

The remaining £0.8 billion related to non-domestic road fuels.

The ECIU said the findings expose Scotland’s “deep vulnerability to global oil and gas markets”, adding that many energy-intensive industries continue to face high industrial energy costs.

It pointed to a recent report showing the UK has some of the highest energy costs in Europe, largely because of its relative dependence on gas.

It also flagged previous IMF analysis suggesting the UK’s dependence on imported fossil fuels left it the worst-hit economy in western Europe by the spike in prices which followed the Russian invasion of Ukraine.

The report stated: “Our findings show a significant burden placed on Scottish consumers during the crisis, highlighting the risks for all energy consumers of reliance on volatile fossil fuel markets.”

It added: “While there has been some progress made on reducing demand for gas through building more renewables during the crisis, progress on shifting away from gas boilers for heating and reducing dependence on oil and gas in the industrial sector remains slow.

“In an increasingly uncertain world, this raises questions about whether Scotland is prepared for another crisis.”

Professor Tavis Potts, co-coordinator at the Just Transition Lab at the University of Aberdeen, said: “Anybody who has paid a gas bill over the past few years – businesses and families alike – has felt the impacts of Scotland’s reliance on oil and gas.

“Drilling for more North Sea gas won’t fix this underlying problem or lower bill costs for consumers or industry as output is too low to influence prices that are set in global markets.

“With most of the North Sea gas resource having been extracted, future marginal finds could only supply a fraction of the UK’s future demand – and it won’t make any difference to bills with increasing reliance on imports.

“To shield energy consumers from future energy price shocks in an increasingly uncertain world, lowering demand through renewables and other net zero technologies is key.

“Wind power cut UK wholesale day-head prices by a third last year and with recent offshore wind auctions delivering at scale, this effect is set to increase.”

Mercedes Villalba, Labour MSP for the North East of Scotland, described the findings as “damning”.

“They reveal the immense cost of our continued dependence on international fossil fuels for households across Scotland,” she said.

“What’s more, the ECIU makes clear that working-class communities bear the brunt of our government’s failure to accelerate a just energy generation.”

Minister for Energy Consumers Martin McCluskey said: “This report shows exactly why we need to push ahead with our clean power mission to bring down the cost of energy and guarantee home grown, clean power for our country.

“We have secured enough homegrown clean energy in our recent auction to power the equivalent of 16 million homes, protecting households from future price shocks.

“Alongside that, our Warm Homes Plan – backed by £15 billion of funding – will cut the cost of heating homes in Scotland, making homes warmer, bills lower, and our energy system more secure.”

The Scottish Government’s Energy Secretary Gillian Martin said: “Fundamentally, energy prices remain high compared to pre-2022 levels, and despite UK Government promises to bring them down.

“Scotland is an energy rich nation but shamefully, 31% of our population are in fuel poverty. We must have the full powers of independence to make our energy wealth work for our people.

“In the meantime, we have worked with stakeholders to develop a social tariff in the form of an automatic and targeted discount on energy bills to address unaffordable bills at source, which the UK Government must urgently adopt. Under our proposals, which have cross sector support, 660,000 households in Scotland would see their estimated fuel bills go down by an average of £700.

“Until that happens, we will continue to do all that we can within our powers to tackle fuel poverty and support households that are struggling, particularly in rural communities.”

She added: “We are investing £300 million this year into improving the heating and energy efficiency of our homes and buildings.

“And this winter we will invest over £197 million in our Winter Heating Benefits, with more than 1.5 million payments already made to help households with their energy bills this winter.”



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AI contributes to spike in fashion sales complaints to Citizens Advice

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AI contributes to spike in fashion sales complaints to Citizens Advice



The rising use of AI by fashion retailers contributed to Citizens Advice receiving almost 18,000 complaints from customers last year – a surge of 21% on a year earlier, it has reported.

The advisory service said it was helping a consumer with a fashion purchase every seven minutes, finding that the ever-increasing use of AI “makes it easier for scammers to trick people into buying items that look nothing like the images advertised”.

According to the charity’s consumer service, 82% of complaints about clothes, shoes and accessories related to online orders (14,487), while 14% were bought in-store (2,569).

Women’s clothing caused the most headaches, making up almost half (48%) of all complaints (8,508), while men’s clothing made up 20% (3,523).

The most common five issues suffered by fashion buyers last year were faulty goods, making up 18% of all complaints, delivery failures or delays (13%), trouble returning unwanted goods (12%), breach of contract (9%) and poor customer service (6%).

Of last year’s complaints, one in 13 involved scams, including shoppers thinking they were buying items from UK-based companies, due to their advertising.

Instead, consumers had received poor quality items that were not as pictured, and, when they tried to return them, were asked to pay expensive fees to send them to an address overseas.

One consumer, Hannah, a mother in her 30s from the East Midlands who did not want her surname published, told Citizens Advice she was Christmas shopping online when she saw a jacket she liked advertised at half price.

The company selling the jacket claimed it was based in London’s Covent Garden, and Hannah bought it for £35 using a debit card.

Hannah said: “The jacket took a few weeks to come and when it did, it was a totally different material and colour, and not as premium as it was pictured. The pockets were different and it had massive plastic buttons, but the one in the photograph had nice metal ones. It even smelled cheap.”

Hannah emailed the company to complain and request a refund.

She said: “The service felt very different to any other clothing company I’d dealt with. They asked for pictures of the jacket I’d received and I thought ‘this company sent the item to me, surely they should know what it looks like’. They also emailed me on Boxing Day.

“They said I could return the jacket if I sent it to China at my own expense, it left me fuming. I looked up the cost of shipping and it was about £15. The website clearly stated it was a UK business, which was deceptive.”

Hannah reported the incident to the Citizens Advice Consumer Service, and was able to get a full refund through her bank, which covered the cost. Eventually, the company did issue a refund itself.

Jane Parsons, consumer spokeswoman at Citizens Advice, said: “Shopping should be simple and stress-free, but every year we hear from thousands of frustrated people who have a tough time trying to resolve issues with retailers and sellers.

Consumers face all kinds of problems from receiving faulty items, to waiting weeks for deliveries and poor customer service. Plus, the ever-increasing use of AI makes it easier for scammers to trick people into buying items that look nothing like the images advertised.

“It’s important consumers know what steps to take before they part with their cash or after there’s an issue. It can make all the difference in avoiding a trap or getting a refund.”

Mike Andrews, national coordinator of the National Trading Standards eCrime Team, said: “Online retail scams leave shoppers out of pocket and understandably frustrated.

“What appears to be a genuine retailer can turn out to be a fake website, a misleading advert or goods that never arrive.

“Criminals are increasingly using professional-looking sites and convincing promotions to exploit people’s confidence in well-known brands.

“We would encourage consumers to pause before buying online – check the retailer using a URL checker from a reputable website like Get Safe Online, be cautious of offers that seem too good to be true, avoid buying directly through social media adverts and always pay by card or a secure payment platform.”

UK consumer laws are difficult to enforce when sellers turn out to be based overseas.

Citizens Advice suggests the following before buying from an unfamiliar company:

– Check reviews on search engines and third party websites– Watch out for heavily discounted, ‘too good to be true’ prices and huge closing down sales– Be mindful of the targeted shopping adverts in your social media feeds – this is often how customers are drawn in– Consider whether images used to advertise an item were created by AI. This can be difficult, but look for overly airbrushed images, inconsistent textures or distortions on the face and body– Check the company’s website delivery information. Overseas stores offer shipping to the UK in a much longer timeframe than a genuine UK brand would– If you’ve been caught out by this type of scam and you paid by debit or credit card, you may be able to use a ‘chargeback scheme’ or a ‘section 75’ claim to get a refund.



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