From ATM withdrawal to international flight rules, THESE changes to happen from February 1, know details
The Union Budget will be presented by Finance Minister Nirmala Sitharaman on February 1, 2021 and from this day many rules regarding your daily life will also change. From International flights schedule, to LPG gas cylinder prices and withdrawals from ATMs, all rules will see a change.
On February 1, Finance Minister Nirmala Sitharaman will present a budget in which he can increase or lower customs duty on certain product, then make those products more expensive and cheaper. Let’s learn about these rules.
Cylinder prices change likely
From February 1 there will be a change in the prices of cylinder. However, in December last year, the price of LPG was increased twice. This year in January, the companies did not increase the rate of cylinders. Now in February, it remains to be seen whether or not companies will raise the prices of LPG cylinders. On the first day of each month, companies set the price of LPG and commercial cylinders.
No withdrawal of cash from Non-EMV ATMs
From February 1, Punjab National Bank (PNB) will change the terms of withdrawals from its ATMs. PNB has taken commendable steps to curb ATM fraud across the country. If you have a bank account in PNB, this news is for you. From February 1, PNB customers will not be able to withdraw funds from non-EMV ATMs. PNB Bank tweeted this on its official Twitter account. Non-EMV ATMs do not use an ATM or debit card during transactions. On these machines, the data card is read through the magnetic stripe.
Prices of these products may change
The general budget, introduced on February 1, could cut tariffs on many items, including furniture, copper brittle, certain chemicals, telecommunications equipment and raw materials for rubber products. Sources gave this information. Import tariffs can be cut on more than 20 products such as polished diamonds, rubber goods, leather clothing, telecommunications equipment and carpets. In addition, customs duty on certain unleaded wood and hardboard used to make furniture may be completely abolished.
International flights may begin
International flights may start from February 1. Air India Express has announced new domestic and international flights from February 1. Air India Express will launch daily flights between Trichy and Singapore from February 1 to March 27, 2021. Apart from this route, flights will start from Kuwait to Vijayawada, Hyderabad, Mangalore, Trichy, Koh Kozhikode Tikode, Coonoor and Kochi.