The IRS has extended the federal tax filing deadline for eligible Washington residents and businesses affected by severe weather under a FEMA disaster declaration. Instead of the usual timeline, qualifying taxpayers get until August 15, 2026 to file. The update also lands as Americans nationwide look toward an average refund of about $1,700, often used for essentials like rent and groceries.
The RBI has issued new guidelines allowing banks to provide relief to all borrowers in disaster-hit areas without waiting for requests. Effective from July 1, 2026, banks can extend existing measures, waive fees for up to a year, and keep services running via temporary premises and satellite offices. ATM restoration is also mandated promptly.
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Prime Minister Narendra Modi announced ex gratia compensation for victims of a tragic road accident in Uttarakhand’s Tehri Garhwal district. The next of kin of those who died will receive Rs 2 lakh, while injured people will get Rs 50,000. The crash reportedly claimed eight lives, prompting the immediate announcement for support.
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