After 1st December gas cylinder, insurance premium, railways, RTGS rules will change; Find out
By Lokmat English Desk | Published: November 27, 2020 05:00 PM2020-11-27T17:00:00+5:302020-11-27T17:00:00+5:30
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From 1st, 2020, four days from today, India is going to undergo major changes. These changes are going to have a big impact on the lives of ordinary people. The new rules will bring relief on the one hand, and on the other hand, if some things are not taken care of, there is a possibility of financial loss.
This will include changes in the rules relating to gas cylinders, insurance premiums, railways and money transactions. So let's learn about these new changes.
Oil companies consider LPG cylinder rates at the beginning of each month. The price of a domestic cylinder will be changed from tomorrow. Taxes vary from state to state, so rates are different.
At present, the central government subsidizes a family of 12 cylinders a year. If you want more cylinders than that, you have to buy it at market price. This price is determined by the international market every month.
Due to COVID-19, a large number of people took out insurance. However, his installment concerns have also increased. Now, after five years, the insured can reduce their premium. They will be able to reduce this installment by up to 50 per cent.
This has been a great relief to the insured. This is because the insured will be able to continue his policy by paying half the premium. This will not put extra financial burden on them.
The RBI has made major changes in money transactions. The announcement was made in October. From December 1, RTGS will be able to send money 24 hours a day. This will eliminate the need to wait for banks to open.
The RBI has taken this decision to promote digital banking. A minimum of Rs 2 lakh can be transferred through RTGS. So there is no limit on the amount above two lakhs.
The Railway Department has announced the launch of new trains from December 1. More passengers will be served in four days and some more trains will start. Currently special trains are running.
It will also have Jhelum Express (01077/78) departing from Pune and Punjab Mail (02137/38) departing from Mumbai.
