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LATEST BUSINESS NEWS

  What are the latest business news? Business news - August 2020. 1) The Madras high court fined Patanjali INR10 lakh for chasing profit by exploiting public fear by projecting a COVID-19 cure. Where actually ‘Coronil’ is not a cure but rather an immunity booster. They wanted to do marketing their products however the court permanently banned ‘Coronil’. It is nothing we all know that it is marketing by saying the product is a cure or anything else. 2) Reserve Bank of India governor Shaktikanta Das on 6 august Thursday said that  India’s forex reserves have increased by $56.8 billion to $534.6 billion in the current financial year between April to July . This is equivalent to 13.4 months of imports, he added that India’s foreign exchange reserves crossed the  $500 billion  mark for the first time in July. Our foreign exchange is growing contiguously. 3) The Indian Railways launched the first  ‘Kisan Rail’  coaches on Friday. ‘Kisan Rail’ will help for faster transportation perishable fa

BANKS CLOSED


BANKS WILL BE CLOSED FOR 12 DAYS



August month is full of holidays and banks
 will also  be closed for 12 days in the month of August as next month there are many national and local festivals including Bakrid, Rakshabandhan, Shrikrishna Janmashtami, Independence Day, Ganesh Chaturdashi, Muharram and Haritalika Teej.  Due to this, banks will be closed for several days in August.  In August there are  five Sundays.

 Apart from this, banks will also be closed on August 8 and 29 due to the second and fourth Saturdays respectively.  So, if you need to know in advance when the banks will be closed in order to handle the business related to the bank in August?

 See this list ..


 Date    Day     Holiday 


 01    August.  Saturday Bakrid Gazetted Holiday

 03  August  Monday Rakshabandhan local holiday

 Tuesday 11th August Shri Krishna
Janmashtami  local holiday

Wednesday 12th August Shri Krishna
Janmashtami Gazetted Holiday

 Saturday 15th August Independence Day Gazetted Holiday

Friday 21st August Teej (Greenery) Local Holiday

Saturday 22nd August Ganesh Chaturthi local holiday

August 30 Sunday Muharram Gazetted Holiday

Monday 31st August  Onam

 According to the Reserve Bank of India's bank holiday list, banks will be closed in almost all cities except Chandigarh, Panaji and Gangtok on August 1.

Festival of Eid-ul-Azha Bakrid will be celebrated on 1st August.  Maulana Khalid Rashid Farangi Mahli of Marakji Chand Committee and Maulana Saif Abbas, Chairman of Shia Chand Committee said that the moon of Eid-ul-Azha has not been seen on Tuesday.

Therefore, the festival of Bakrid will be celebrated on Saturday, August 1.

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