New rules of driving license and SBI from October 1, check details here
Highlights
- From Tuesday, you are going to witness changes in many rules related to our day-to-day lives.
- Since these rules are going to affect your everyday life, it is important to know more about these changes in detail.
- Prime Minister Narendra Modi-led government at the Centre recently made a change in issuing vehicle Registration cards (RCs) and driving licenses (DLs) in the country.
From Tuesday (October 1), you are going to witness changes in many rules related to our day-to-day lives. Since these rules are going to affect your everyday life, it is important to know more about these changes in detail.
New rules of driving license and SBI from October 1, check details here
Prime Minister Narendra Modi-led government at the Centre recently made a change in issuing vehicle Registration cards (RCs) and driving licenses (DLs) in the country. It is likely that you would have to update your driving licenses.
Also, credit card payments done to buy fuel at petrol pumps will not get any discount from October 1. For big businesses, the corporate tax cut announced earlier by Union Finance Minister Niramala Sitharaman will come into effect from October.
1. Big update in DL and RC rules
Uniform vehicle Registration cards (RCs) and driving licenses (DLs) will be issued across India from October 1. The new driving license will have an advanced microchip with features like Quick Response (QR) code and Near Field Communication (NFC).
The changes will help the government retain records and penalties of the DL holder up to 10 years on the centralised online database. The new DL will also help the government in maintaining records of differently abled drivers, changes done to the vehicles and the person’s declaration to donate organs.
Prime Minister Narendra Modi-led government at the Centre recently made a change in issuing vehicle Registration cards (RCs) and driving licenses (DLs) in the country. It is likely that you would have to update your driving licenses.
Also, credit card payments done to buy fuel at petrol pumps will not get any discount from October 1. For big businesses, the corporate tax cut announced earlier by Union Finance Minister Niramala Sitharaman will come into effect from October.
1. Big update in DL and RC rules
Uniform vehicle Registration cards (RCs) and driving licenses (DLs) will be issued across India from October 1. The new driving license will have an advanced microchip with features like Quick Response (QR) code and Near Field Communication (NFC).
The changes will help the government retain records and penalties of the DL holder up to 10 years on the centralised online database. The new DL will also help the government in maintaining records of differently abled drivers, changes done to the vehicles and the person’s declaration to donate organs.
As for RCs, the government is set to make this process paperless from October 1. The new RC will have the owner’s name printed on the front while the microchip and the QR code would be embedded at the back of the card.
2. End of discounts for credit card users at petrol pumps
No discount will be given for credit card payments done to buy fuel at petrol pumps from October 1. The oil companies had introduced these discounts using credit/debit cards and e-wallets to promote digital payments. The good news is that discounts on debit cards and other modes of digital payments will continue for now.
3. Rates for home, car and personal loans to come down
The Reserve Bank of India (RBI) had made it mandatory for banks to link their retail and MSME loans to external interest rate benchmarks and the launch of this product means that rates for home, car and personal loans will come down.
4. SBI To Reduce Average Monthly Balance, Penalty On Not Keeping average monthly balance
State Bank of India is set to reduce the average monthly balance. For anyone having account in metro and urban centre, the AMB will be Rs 3,000 while for Rural branches it will be Rs 1000. The charge for failing to maintain this amount will also be reduced. If a customer fails to maintain Rs 3,000 as AMB in metro and urban centre branches, and falls short by 50 per cent, the individual will be charged Rs 10 plus GST. If the account holder falls short by more than 50-75 per cent, he/she will have to pay a fine of Rs 12 plus GST. If the account holder falls short by more than 75 percent, it will invite a penalty of Rs 15 plus GST.
5. Corporate tax cut to be implemented
The corporate tax cut announced by Union Finance Minister Niramala Sitharaman will get implemented from October 1.
including banking and driving, TCS will be deducted 29 minutes before sending money abroad. Money sent abroad will be taxed at 5% - mobiles can be used to see the road while driving. Other rules, including banking and motor vehicle, are set to change from October 1. Now even if the money is sent abroad, TCS (tax collected) will be deducted. In addition, from October 1, important documents related to the vehicle such as licenses, registration documents, fitness certificates, permits, etc.
can be maintained through a government-run web portal. We're telling you about changes that will affect you as well. Tcs will be deducted if more than Rs 7 lakh is sent abroad. An important rule of income tax is going to be changed in the country from October 1. Accordingly, even if money is sent out of the country now, TCS will be deducted. It has been decided to extend the scope of TCS under Section 206c (16) of the Income Tax Act and apply it to the Liberalized Remittance Scheme (LRS). That is, along with travel, education, etc., the tax will now be levied on investments made abroad. Now 7% TCS will be deducted on remittances of Rs 7 lakh or more. The Ministry of Road Transport and Highways has informed that the rules of motor vehicle have been changed. License Presentation Rolls Dayness Secrets on Government-run Web Portal from 1st October
2. End of discounts for credit card users at petrol pumps
No discount will be given for credit card payments done to buy fuel at petrol pumps from October 1. The oil companies had introduced these discounts using credit/debit cards and e-wallets to promote digital payments. The good news is that discounts on debit cards and other modes of digital payments will continue for now.
3. Rates for home, car and personal loans to come down
The Reserve Bank of India (RBI) had made it mandatory for banks to link their retail and MSME loans to external interest rate benchmarks and the launch of this product means that rates for home, car and personal loans will come down.
4. SBI To Reduce Average Monthly Balance, Penalty On Not Keeping average monthly balance
State Bank of India is set to reduce the average monthly balance. For anyone having account in metro and urban centre, the AMB will be Rs 3,000 while for Rural branches it will be Rs 1000. The charge for failing to maintain this amount will also be reduced. If a customer fails to maintain Rs 3,000 as AMB in metro and urban centre branches, and falls short by 50 per cent, the individual will be charged Rs 10 plus GST. If the account holder falls short by more than 50-75 per cent, he/she will have to pay a fine of Rs 12 plus GST. If the account holder falls short by more than 75 percent, it will invite a penalty of Rs 15 plus GST.
5. Corporate tax cut to be implemented
The corporate tax cut announced by Union Finance Minister Niramala Sitharaman will get implemented from October 1.
including banking and driving, TCS will be deducted 29 minutes before sending money abroad. Money sent abroad will be taxed at 5% - mobiles can be used to see the road while driving. Other rules, including banking and motor vehicle, are set to change from October 1. Now even if the money is sent abroad, TCS (tax collected) will be deducted. In addition, from October 1, important documents related to the vehicle such as licenses, registration documents, fitness certificates, permits, etc.
can be maintained through a government-run web portal. We're telling you about changes that will affect you as well. Tcs will be deducted if more than Rs 7 lakh is sent abroad. An important rule of income tax is going to be changed in the country from October 1. Accordingly, even if money is sent out of the country now, TCS will be deducted. It has been decided to extend the scope of TCS under Section 206c (16) of the Income Tax Act and apply it to the Liberalized Remittance Scheme (LRS). That is, along with travel, education, etc., the tax will now be levied on investments made abroad. Now 7% TCS will be deducted on remittances of Rs 7 lakh or more. The Ministry of Road Transport and Highways has informed that the rules of motor vehicle have been changed. License Presentation Rolls Dayness Secrets on Government-run Web Portal from 1st October
vehicle related documents like Utility License, Registration Documents, Fitness Certificate, Permit etc. can be maintained. Now you can just run the show by showing the digital copy. Records and registrations of reported crimes, including suspension, compounding and license revocation, will also be available on this web portal. Mobiles can be used to see the road while driving Mobile or other handheld devices can be used while driving from October 1, the Ministry of Road Transport and Highways said. But it will only be used to view the map.
In addition, care should be taken not to distract the driver while driving with the help of mobile. However, a fine of Rs 1,000 to Rs 5,000 can be imposed for talking on a mobile while driving. Buying a TV will be expensive From October 1, buying a TV will also be expensive. The government has decided to abolish the 5% customs duty on open cell imports used in TV manufacturing. The government granted a one-year exemption for this, which will expire on September 30. Hi ... this confini
This will increase the price of a 32-inch TV by Rs 600 and a 42-inch TV by Rs 1,200 to Rs 1,500. LPG can be cheaper Government companies change the price of LPG and natural gas at the beginning of each month. Prices of 14.2 kg and 19 kg gas cylinders were reduced in September. It is expected that LPG prices may fall in October.
In addition, care should be taken not to distract the driver while driving with the help of mobile. However, a fine of Rs 1,000 to Rs 5,000 can be imposed for talking on a mobile while driving. Buying a TV will be expensive From October 1, buying a TV will also be expensive. The government has decided to abolish the 5% customs duty on open cell imports used in TV manufacturing. The government granted a one-year exemption for this, which will expire on September 30. Hi ... this confini
This will increase the price of a 32-inch TV by Rs 600 and a 42-inch TV by Rs 1,200 to Rs 1,500. LPG can be cheaper Government companies change the price of LPG and natural gas at the beginning of each month. Prices of 14.2 kg and 19 kg gas cylinders were reduced in September. It is expected that LPG prices may fall in October.
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