For these employees, when a holiday falls on a nonworkday -- Saturday or Sunday -- the holiday usually is observed on Monday (if the holiday falls on Sunday) or Friday (if the holiday falls on Saturday). To see holidays for a specific year, please select the tab labeled with your year of interest.
The General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA. It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares. GIC was formed to control and operate the business of general insurance in India.
The Federal Deposit Insurance Corporation was formed in 1933 following the stock market crash of 1929 that led to the failure of thousands of banks. Investors worried about losing their bank deposits started withdrawing their savings in other banks, and this resulted in the collapse of even more banks after running out of money.