1st October 2020 is going to stand as a landmark for many new initiatives in India while the central government geared by to make day-to-day life hassle-free. Right from motor vehicle rules, health insurance to credit and debit card rules many new crucial rules are being implemented for October 1st and here are the top eight that might make your life easier,
- RBI’s New Credit and Debit Card Rules
According to the new guidelines issued by Reserve Bank of India (RBI), card users will now be able to register opt-in or opt-out of services, spend limits, etc. for international transactions, online transactions as well as contactless card transactions.
- No Physical Verification of Documents Like Driving License and RC
In a step towards easing commuter convenience, the central government is set to digitise documents including maintenance of vehicles, driving licences and e-challans that will now be done through an information technology portal from 1 October 2020.
Drivers can maintain their vehicular documents on Central govt’s online portal like Digi-locker or m-parivahan. These will be fully valid during the investigation.
- Free LPG connection under PMUY scheme ends in September
Under the popular Pradhan Mantri Ujjwala Yojana (PMUY), the time extended for getting a gas connection for free will end on 30 September. In view of the Covid-19 situation, the Union Cabinet had extended the time for availing free cooking gas cylinders under PMUY.
- Mobile Phones Usage During Driving
According to the amendments made in the Motor Vehicles Rules 1989 by the Ministry of Road Transport and Highways, you will now be able to use mobile for route navigation in such a manner that it shall not disturb the concentration of the driver while driving.
- New Health Insurance Rules To Be Implemented
As per the new health insurance rules to be introduced post-COVID-19 inclusion will make 17 permanent illnesses outside the cover, as per the India Today report. It means diseases that come under the exclusion category have been reduced to 17, which will lead to rising in the demand for premium cover.
- ’Best Before Date’ Caution Must For Sweetshop Owners
Sweet shops will now have to declare the ‘best before date’ of non-packaged or loose sweets available in their shop. Food Safety and Standards Authority of India (FSSAI) has directed the sweet shop owners to adhere to the protocol from 1 October.
- Buying TV Can Be Expensive
Buying television from October 1 will also become expensive. According to media reports, the central government has decided to revoke the 5 per cent customs duty on the import of open cells used in the manufacturing of TVs. For this, the government gave a one-year exemption, which ends on September 30.
- Tax to be levied to send money abroad
An additional payment of 5% at tax collected at sources TCS will be charged if you are sending money abroad. According to The Finance Act, 2020, anyone who is sending money abroad will have to pay TCS under the liberalised remittance scheme of the Reserve Bank of India (RBI).