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India uses only one time zone (even though it spans two geographical time zones) across the whole nation and all its territories, called Indian Standard Time (IST), which equates to UTC+05:30, i.e. five and a half hours ahead of Coordinated Universal Time (UTC). India does not currently observe daylight saving time (DST or summer time).
The Indian Standard Time was adopted on 1 January 1906 during the British era with the phasing out of its precursor Madras Time (Railway Time), [2] and after Independence in 1947, the Union government established IST as the official time for the whole country, although Kolkata and Mumbai retained their own local time (known as Calcutta Time and Bombay Time) until 1948 and 1955, respectively. [3]
The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.Before it came into existence, the Controller of Capital Issues was the market's regulatory authority, and derived power from the Capital Issues (Control) Act, 1947. [6]
Indian Standard Time (IST) is the time observed throughout India, with a time offset of UTC+5:30. India does not observe daylight saving time (DST) or other seasonal adjustments, although DST was used briefly during the Sino–Indian War of 1962, and the Indo–Pakistani Wars of 1965 and 1971. In certain time-zone maps, IST is designated as E*.
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Hindu units of time are described in Hindu texts ranging from microseconds to trillions of years, including cycles of cosmic time that repeat general events in Hindu cosmology. [ 1 ] [ 2 ] Time ( kāla ) is described as eternal. [ 3 ]
Calcutta Time was one of the two official time zones established in British India in 1884. It was established during the International Meridian Conference held at Washington, D.C. in the United States. It was decided that India had two time zones: Calcutta (now Kolkata) would use the 90th meridian east and Bombay (now Mumbai) the 75th meridian ...
The little-endian format (day, month, year; 1 June 2022) is the most popular format worldwide, followed by the big-endian format (year, month, day; 2006 June 1). Dates may be written partly in Roman numerals (i.e. the month) [citation needed] or written out partly or completely in words in the local language.