From January 2021 the people of the country must be ready to follow some key changes in the daily routine. Please note these changes to be kept in mind.
1. From Jaunary 1, all vehicle owners, excluding those of two and three-wheelers, should have to compulsorily follow the FASTag rule.
2. Automobile companies have given a shocker to those wanting to buy vehicles in the New Year. The companies informed that they have decided to increase the cost of vehicles as the raw material for the vehicles has increased, resulting in a rise in the production cost.
3. Till now, payments could be made up to Rs 2,000 only through contactless cards. From January 1, people can make payments up to Rs 5,000 through contactless cards.
4. The RBI introduced ‘positive’ pay method to curtail cheque related frauds from January 1, 2021. Till now, every cheque was honoured only when the customer’s signature was on it. According to the new rule, cheques of Rs 50,000 and more amount would be reviewed.
5. From the new year the common man’s favourite social media app, WhatsApp, would not function on some phones.
6.The 42nd GST Council has taken a decision in favour of the small traders. As per the Council, businessmen having a turnover of less than Rs 5 crore can submit income tax returns for every trimester, unlike monthly filing of returns done so far.
7.The telecommunications department has made it mandatory to add ‘0’ whenever consumers try to call a mobile number from landline.
