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 WILL BE CLOSED FOR 12 DAYS
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.
Useful information in this article nice.
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