There have been four major changes in India since 1 February 2021. These changes will have a direct impact on your life. On one hand, you will get relief from these new rules, on the other hand, if you do not take care of some things then you can also suffer financial loss. These include rules for withdrawing money from ATMs for PNB account holders, the budget presented by Finance Minister, new flights, etc. Let’s know about these important changes.
Finance Minister will present the budget
On February 1, 2021, Finance Minister Nirmala Sitharaman will present the general budget for the financial year 2021-22. This budget will be paperless for the first time this year. It is believed that people can get a lot of relief in the budget with the help of Corona. There may be a tax cut for employed people. There may be announcements of relief for traders too. Some items may also be expensive and tax may be reduced on some items. The government may cut customs duty on many items. Due to Corona, the importance of this budget is even more. Through the ‘Union Budget Mobile App’, the public and the general public will be able to get documents related to the budget.
PNB account holders will not be able to withdraw money from these ATMs
Punjab National Bank (PNB), the country’s second-largest state-run bank, has taken a major step to protect account holders from fraud. From 1 February 2021, PNB customers will not be able to transact with non-EMV ATM machines. That is, you will not be able to withdraw money from non-EVM machines. Recently, Punjab National Bank had given this information on its official Twitter handle. In this context, Punjab National Bank tweeted that, ‘To protect its customers from fraud, PNB will prohibit transactions (financial and non-financial) from 01.02.2021 from non-EMV ATM machines. Go-digital, go-safe …! ‘
Non-EMV ATMs are those in which the card is not kept during the transaction. In this, the data is read through a magnetic strip. Additionally, the card is locked for a few seconds at the EMV ATM.
Air India will start new flights
Air India and its low-cost subsidiary Air India Express have announced new domestic and international flights. It may be known that Air India Express started several flights in January as well. Air India Express is going to start daily flights between Trichy and Singapore from February to 27 March 2021. The route will have more connections such as Kuwait to Vijayawada, Hyderabad, Mangalore, Kozhikode, Coonoor, and Kochi.
Offer for PMC Bank to be given by February 1
The Punjab and Maharashtra Cooperative (PMC) bank administrators have set a deadline to submit their proposals to investors by February 1 to re-erect the bank. Some investors, such as Centrum Group – have made offers along with Bharat Pay. Apart from this, the UK company Liberty Group has also submitted its offer.