Ahmedabad Prepares: Vande Bharat Limited Edition Trains for India vs. Pakistan in Cricket World Cup 2023

 Ahmedabad Prepares: Vande Bharat Limited Edition Trains for India vs. Pakistan in Cricket World Cup 2023

The highly anticipated ICC Cricket World Cup 2023 clash between India and Pakistan is set to take place in Ahmedabad on October 14 at the iconic Narendra Modi Stadium.

 

However, cricket enthusiasts can now breathe a sigh of relief when it comes to the exorbitant flight ticket prices that had surged due to the overwhelming demand for this epic showdown.

Indian Railways is gearing up to launch Vande Bharat Special trains, making travel to Ahmedabad more accessible and affordable for fans.

The match is expected to start off at 2pm.

So the special Vande Bharat Train has to reach Ahmedabad at least by 12.30pm, to enable the cricket fans to reach the stadium in time.

Do note to buy the special customised merchandise on the Limited Editions Vande Bharat Trains.

These specially organized trains will originate from various states including Madhya Pradesh, Rajasthan, and Maharashtra, with stops at Sabarmati and Ahmedabad, conveniently located near the Narendra Modi Stadium.

 

The strategic scheduling ensures that the trains arrive in Ahmedabad just a few hours before the commencement of the match.

This approach aims to address issues like expensive travel and limited lodging options, making the journey more convenient for cricket enthusiasts.

 

A senior official explained the rationale behind this arrangement, stating that the timing allows passengers to return to their home destinations shortly after the thrilling contest concludes.

It's a thoughtful move that enhances the overall experience for fans attending the game.

 

In addition to the practical benefits, Indian Railways plans to add a touch of patriotism and nostalgia to the journey.

 

Passengers can expect to enjoy patriotic music, relive memorable moments from past India-Pakistan cricket encounters, and even access special merchandise.

With their deep-rooted cricket rivalry, spanning seven encounters in World Cups, these special trains promise to contribute to the excitement and camaraderie surrounding this epic clash.

 

The Narendra Modi Stadium, formerly known as Motera Stadium, is situated in Ahmedabad, a city in the Indian state of Gujarat.

 

Sabarmati Junction Station, identified by the code SBI, stands as one of the closest railway stations to the Sardar Patel Stadium, with a mere 5-6 kilometers separating the two.

 

When traveling from Ahmedabad Railway Station to Narendra Modi Stadium, you'll cover roughly 6 kilometres. Depending on traffic conditions, this journey typically takes around 15 to 20 minutes.

 

Getting to Narendra Modi Stadium may pose some challenges, but with careful planning and research, individuals can successfully find their way to the venue, regardless of their chosen mode of transportation.

Disclaimer: This evolving narrative may not reflect the full truth. These are my personal, impartial insights, informed by publicly available Google data. In essence, prioritizing Safe ePayments.

NPCI NACH – Penalty for high %age of NACH Debit Returns

NPCI NACH Team vide Cir No 24 dt August 18^th 2023, introduced the Penalty Policy for high %age of NACH Debit Transaction Returns.

The circular highlights are as follows:

NPCI has informed NACH Member Banks to refer to the various communications from NPCI highlighting the elevated percentage of returns in ACH debit transactions.

In light of this, it is strongly recommended that all stakeholders proactively undertake the following measures:

01) Limit the display of returned transactions to twice, comprising one initial presentation and two subsequent representations.

 

02) The representation of a returned transaction can only take place three days after the return date.

 

03) Representation should occur only upon receiving confirmation from the respective customer regarding the availability of sufficient balance.

 

04) In the event of recurring returns:

 

a. User institutions should establish communication with the customer to ensure that the presentation resumes only after receiving confirmation to honor the debit transactions.

b. Destination banks must assess the account's operations, advise the customer to maintain an adequate balance, and, if no improvement occurs, adhere to regulatory guidelines for managing such accounts.

 

Despite issuing repeated advisories to all relevant parties, it has come to NPCI's attention that the percentage of returns remains significantly above acceptable thresholds.

 

To instill clearing discipline, the following measures will be gradually implemented according to the provided schedule:

 

Phase I With effect from 1st October 2023:

1. Additional charges of Rs. 1 per return transaction to be levied on corporate with returns above 50%.

 

 

Phase II - With effect from 1st January 2024:

1. Rs. 5 per return transaction for corporate with return above 50%. Additional Charges will be for transaction over and above the threshold ie.50%

Phase III - with effect from 1st April 2024:

1. The corporates with return transaction above 30% will be barred from registering new mandates.

2. The utility code will be barred for registering further new mandates until the returns are brought down below the 30% threshold.

 

NPCI has advised all stakeholders to take immediate remedial measures ensure adherence to the clearing discipline and reduce the returns.

 

 

 

 

The National Payments Corporation of India (NPCI) has taken a significant stride in revolutionizing electronic transactions with the introduction of the "National Automated Clearing House (NACH)."

This web-based solution has been meticulously designed to cater to a broad spectrum of stakeholders, including banks, financial institutions, corporates, and government bodies.

NACH Debit service, a critical component of NACH system, brings electronic automation to interbank high volume, low-value debit transactions.

At present, the NACH transactions can be processed on all days of the week, i.e Sundays and holidays too.

These transactions, characterized by their frequent and repetitive nature, are seamlessly processed through the NPCI platform.

This unified and standardized framework resolves bottlenecks and challenges associated with electronic transmission, both at the local and national levels, thereby contributing to the growth of core banking services.

 

One of the key functions of the NACH System is to serve as a robust platform for executing bulk transactions.

This functionality proves invaluable in scenarios such as the distribution of subsidies, dividends, interest, salary disbursements, and pensions.

Additionally, it facilitates bulk collections of payments for various utilities and financial services like telephone bills, electricity charges, water bills, loan repayments, mutual fund investments, and insurance premiums.

 

At its core, the National Automated Clearing House (NACH) represents a centralized system with a grand vision. It seeks to consolidate and harmonize the multitude of Electronic Clearing Service (ECS) systems operating throughout the country.

By doing so, it aims to establish a standardized framework and eliminate local barriers, thus promoting seamless interbank transactions. Furthermore, NACH's reach is expansive, covering the entire network of core banking-enabled bank branches across the nation, regardless of their geographic location.

 

It offers a single set of rules encompassing operational and business aspects, open standards, and industry best practices.

These provisions are designed to ensure consistency in electronic transactions for all participants, service providers, and users.

 

In addition to its overarching objectives, the NACH system empowers member banks with customization capabilities. It allows banks to design their own products and caters to specific needs through features like a refined Mandate Management System (MMS) and an online Dispute Management System (DMS). These tools are complemented by robust information exchange and customized Management Information System (MIS) capabilities.

 

Disclaimer: These are my personal views only. The bottom line is Safe ePayments.