Many changes are going to happen from 1 February 2021.General budget will be presented on February 1st . Finance Minister Nirmala Sitharaman will present the budget for the financial year. There will be many big announcements in the budget, which will directly affect common man's pocket. So it is very important to know about them as well. Let's know about those changes:
1. Cylinder prices will change on February 1. Let us tell you that on the first date of every month, oil companies fix the prices of LPG cylinders and commercial cylinders. Accordingly, the prices of cylinders will change on February 1. However, companies did not raise prices in January. The prices of LPG have increased 2 times, since December 2020.
2.Punjab National Bank (PNB) customers will not be able to withdraw from their ATM, so know that from February 1, PNB is going to change the rules for withdrawing money from ATMs. PNB has taken a commendable step to stop the growing ATM fraud across the country. If you also have a bank account in PNB, then this is news of work for you. From February 1, PNB customers will not be able to withdraw money from non-EMV ATM machines.
3. International flights will start from the month of Feburary. Air India Express has announced new domestic and international flights. Air India Express will start daily flights between Trichy and Singapore from February to 27 March 2021. The route will also have more connections such as Kuwait to Vijayawada, Hyderabad, Mangalore, Trichy, Kozhikode, Coonoor and Kochi. Even before this, Air India Express has announced many flights, which have started in January.
4. On 1 February 2021, the Modi government is going to present its budget. It is believed that the government may cut customs duty on many items, including raw materials of furniture, copper brittle, some chemicals, telecommunications equipment, rubber products, polished diamonds, rubber goods, leather clothes. Import duties can be reduced on more than 20 products like telecommunications equipment and carpets. Apart from this, the customs duty on some unbleached wood and hardboard etc. used in making furniture can be completely abolished. Many products can be cheap due to this decision of the government.
5. The administrator of PMC Bank has fixed the deadline to make its offer to investors by February 1 to make the bank stand again. Some investors such as Centrum Group-BharatPe have offered together. Apart from this, the UK company Liberty Group has also submitted its offer.