Excellent news for Indian Railways passengers! 24-hour prepare ticket refund scheme on the playing cards; examine prime 8 issues on 100-day agenda

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

New 24-hour Indian Railways prepare ticket refund scheme, Vande Bharat sleeper, launch of ultimate stretch of the Udhampur-Srinagar-Baramula Rail Hyperlink undertaking, a “super app” for railway passengers and the India’s first vertical carry railway bridge – these are simply among the issues that the Ministry of Railways is proposing as a part of its 100-day plan for the brand new authorities after Lok Sabha polls 2024.In keeping with a TOI report, ministries are gearing as much as implement numerous “people-friendly” measures following Prime Minister Narendra Modi’s directive to arrange a 100-day plan for the brand new authorities.Indian Railways intends to introduce a 24-hour ticket refund scheme, changing the present three-day course of, and launch a complete “super app” providing a number of providers like ticketing and prepare monitoring. Indian Railways 100-day roadmapWe check out among the prime focus areas for Indian Railways:Indian Railways goals to provoke the PM Rail Yatri Bima Yojna insurance coverage scheme for passengers inside the first 100 days.The federal government is looking for cupboard approval for 3 financial corridors spanning 40,900 km, necessitating an funding of Rs 11 lakh crore.There are plans to launch a extra passenger pleasant refund scheme that can enable passengers to get refunds for prepare ticket cancellations inside 24 hours.A “super-app” could also be launched that can enable prepare passengers to trace their prepare standing, ebook tickets and do a number of different railway associated duties in a single placePlans embody the operation of trains from Jammu to Kashmir upon completion of the Udhampur-Srinagar-Baramula Rail Hyperlink undertaking. This stretch of the USBRL undertaking additionally consists of the Chenab bridge which is the world’s highest railway bridge (Taller than Eiffel Tower!) and the Anji Khad bridge which is Indian Railways’ first cable-stayed bridge.India’s first vertical-lift bridge, the Pamban railway bridge connecting the mainland with Rameswaram, is slated to develop into operational. Practice providers between Mandapam and Rameswaram have been halted in Dec 2022 because of security considerations concerning the present 1913 rail bridge.Railway authorities are additionally targeted on introducing sleeper variations of Vande Bharat trains. The primary prototype of the Vande Bharat sleeper prepare is at the moment being manufactured by BEML in Bengaluru and is predicted to be prepared in six months time.The goal can also be to expedite the bullet prepare undertaking. The main focus will likely be on operationalising roughly 320 km of the 508 km Ahmedabad-Mumbai bullet prepare stretch by April 2029.

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