February 1 About To Bring Changes To The Lives Of The Common Man

Friyana Munshi

Pune, February 1, 2021: The price of LPG gas cylinders and the withdrawal of money from ATMs is about to change. On February 1, Finance Minister Nirmala Sitharaman will also present the budget in which she can increase or decrease the customs duty on the product, which may make the products expensive or cheap.

Cylinder prices will change on February 1: Cylinder prices will change from February 1. However, LPG prices have increased 2 times in December of last year. In January this year, companies did not raise prices. Now in the month of February, it remains to be seen whether the companies increase the price or not. On the first day of every month, the companies fix the price of LPG cylinder and commercial cylinders. 

Will not be able to withdraw money from these ATMs: Punjab National Bank (PNB) is going to change the rules for withdrawing money from its ATM from February 1. PNB has taken a commendable step to stop the growing ATM fraud across the country. From February 1, PNB customers will not be able to withdraw money from non-EMV ATM machines. PNB Bank has provided information regarding this by tweeting on its official Twitter account. Non-EMV ATMs are those in which an ATM or debit card is not used during the transaction. In these machines, the data card is read through a magnetic stripe.

Budget: To be presented on 1 February the Budget may introduce customs duty on several items, including raw materials for furniture, copper breakers, some chemicals, telecommunications equipment and rubber products. Import duties may be charged on more than 20 products such as polished diamonds, rubber goods, leather clothing, 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.