KHATIMA NEWS
Business
The Reserve Bank of India’s special USD-INR forex swap facility has mobilized US$73 billion in foreign exchange inflows by August 21, 2026. FCNR(B) deposits contributed US$65.40 billion, prompting the central bank to bring forward the facility’s closing date after the scheme surpassed its objective ahead of schedule.
Business
Urban Company says Kent RO has agreed to remove advertisements and social media content challenged in a Delhi High Court dispute over claims about the filter and service life of Native water purifiers. The order also restricts further promotional material making similar claims that could damage Urban Company’s reputation.
Business
Suzlon Energy, Reliance Industries, Lenskart Solutions, Meesho and 13 other companies may draw market attention on 24 August after developments reported following Friday’s close. The updates include possible block deals, business approvals, fund-raising, order wins, stake sales and USFDA observations.
Business
Forex inflows through FCNR(B) deposits, overseas foreign currency borrowings and external commercial borrowings reached USD 72,848 million under the Reserve Bank’s special USD-INR swap facility, according to data reported by Authorised Dealer Banks till August 21, 2026.
Business
The Reserve Bank of India has set out the timelines for its special USD-INR Forex Swap facility covering inflows through FCNR(B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings. The facility opened on June 08, 2026, with separate closing dates for deposit and borrowing-related inflows.
Business
Customers disputing incorrect charges, unauthorised debits or unresolved digital payment problems must first complain to their bank or financial institution. If there is no response within 30 days, or the reply is unsatisfactory, they can approach the Reserve Bank of India’s ombudsman system within the applicable deadline.
Business
Freelancers who do not require a tax audit can file their income tax return for AY 2026-27 by August 31, 2026. The correct ITR form, professional receipts, eligible expenses, Section 44ADA and income from overseas clients are among the key issues that can affect compliance and taxable income.
Business
A Rs 5 lakh investment in a Post Office Time Deposit can mature to approximately Rs 5,35,403 over 1 year or Rs 7,24,974 over 5 years. Interest rates differ by tenure, while only the 5-year deposit qualifies for tax benefits under Section 80C under the old tax regime.
Business
A Rs 5 lakh deposit in a post office Time Deposit can mature at different amounts depending on the selected term. Based on the stated rates, the approximate maturity values range from Rs 5,35,403 for 1 year to Rs 7,24,974 for 5 years. Only the 5-year option qualifies for tax benefits under the old tax regime.
Business
A Rs 5 lakh investment in a Post Office Time Deposit can mature at approximately Rs 5,35,403 to Rs 7,24,974, depending on the selected tenure. The 5-year option carries the highest listed rate and is the only tenure eligible for tax benefits under Section 80C under the old tax regime.
Business
Income tax notices can arise during return processing, assessment, scrutiny, reassessment or recovery of outstanding demand. The correct response depends on the section cited and the issue identified. Taxpayers may need to accept an adjustment, correct a defective return, provide records, challenge a demand or submit a detailed explanation within the prescribed timeline.
Business
A post from the Reserve Bank of India recalls the Pie, once India’s smallest currency unit. Used in everyday transactions during the pre-decimal monetary system, the denomination is no longer in circulation but remains part of the country’s monetary history.
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