Labour Day 2024: Labour Day is an annual holiday to celebrate the achievements of workers. It commemorates the notorious Haymarket affair in 1886 in the US, though, in India, the day came into prominence in the year 1923. Apart from this, May Day is of great cultural significance as it is celebrated in Europe as a harbinger of spring, a season of fertility and vitality.
Is Bank, Offices and Schools Closed on 1 May?
Yes, Labour Day has been considered a public holiday in India. The first Labour Day was celebrated in India on May 1, 1923, in Chennai. It was organized by the Labour Kisan Party of Hindustan in the year 1923 in Madras.
In many countries, including India, banks are closed on May 1, for Labour Day or International Workers' Day. Banks in Maharashtra, Karnataka, Tamil Nadu, Assam, Andhra Pradesh, Telangana, Manipur, Kerala, Bengal, Goa, and Bihar will remain closed tomorrow.
The day is observed to honour the contributions of workers and the labour movement. Also, it recognises the rights of the workers and their achievements and highlights the struggle for fair wages, better working conditions and social justice.
List of Places Closed On Labour Day
Labour Day is celebrated in India under different names in different states. In Hindi, it's known as Kamgar Din; in Kannada, it is known as Karmikara Dinacharane; in Telugu, it is Karmika Dinotsavam; in Marathi, it is Kamgar Divas; in Tamil, it called Uzhaipalar Dhinam; in Malayalam, it is known as Thozhilaali Dinam, and in Bengali, it is famously known as Shromik Dibosh.
The holiday for Labour Day is effective in:
Bank & Share Markets
Banks in Thiruvananthapuram, Patna, Panaji, Nagpur, Mumbai, Kolkata, Kochi, Imphal, Guwahati, Hyderabad, Chennai, Bangalore, and Belapur will be closed for (Labour Day), as per the Reserve Bank of India (RBI) holiday calendar.
Also, the Reserve Bank of India (RBI) holiday list shows that banks on May 1 will be closed in some states in observance of Maharashtra Day and May Day. May Day, or Labor Day, coincides with Maharashtra Diwas, also known as Maharashtra Din. The day commemorates the state's formation on May 1, 1960. Equity markets will remain closed on Wednesday on account of Maharashtra Day. Accordingly, all the segments, including, the equity segment, derivative segment, and SLB segment, will be closed as well.
School & Offices
Schools and government offices remain closed. Maharastra Day is listed as a public holiday in the state's 2024 government holiday list. However, for other states, it is important to check what the school and office decide for the day.
Other than India, Labour Day is observed as an official and federal holiday in many parts of the world, including Australia, Canada, China, Taiwan, the United States, Turkey, Trinidad and Tobago, Poland, Pakistan, New Zealand, Macau S.A.R, Kazakhstan, Japan, Jamaica and many others.
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