SEE PICS! Check out 5 new rules changes from 1st February 2021 that will impact your budget

By Lokmat English Desk | Published: January 27, 2021 05:36 PM2021-01-27T17:36:44+5:302021-01-27T17:36:44+5:30

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A lot of changes are going to take place from February 1, 2021. Most importantly, the budget will be presented in Parliament on February 1. Finance Minister Nirmala Sitharaman will present the budget for the financial year 2021.

This year's budget will be paperless. This is not the first time since independence that the budget has been printed. However, through the Union Budget Mobile App, MPs and the general public will be able to access budget-related documents.

Corona will not have the budget printed on paper this year. Besides, the economic survey will also not be printed on paper. The Economic Survey will be tabled in Parliament on January 29. This year, both the documents will be given to the MPs in electronic form.

There will be a lot of big announcements in this budget, which will have a direct impact on your pocket. So it is very important to know about this too. Apart from the budget, many such changes will take place from February 1.

Oil companies fix the prices of LPG cylinders and commercial cylinders on a certain date every month. Accordingly, the price of the cylinder will be changed on February 1. However, the companies did not raise prices in January.

If you are a customer of Punjab National Bank (PNB), this is important for you. This is because from February 1, PNB will change the rules for withdrawing money from ATMs. PNB has taken a big decision to curb the growing ATM fraud across the country.

Air India Express has announced new domestic and international flights. Air India Express will fly between Trichy and Singapore on a daily basis from February 1 to March 27, 2021.

The Modi government will present the budget in Parliament on February 1. In this budget, the government will reduce customs duty on more than 20 items such as furniture raw materials, copper scrap, some chemicals, telecommunications equipment, rubber products, polished diamonds, rubber goods, leather goods.

Potential investors in the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank have been allowed time till February 1, 2021 for submission of their final offer. The potential investors include the Centrum Group-BharatPe combine and the UK-based Liberty Group. These investors had submitted their Expression of Interest (EoI) last month.