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From shopping to banking: Be ready for these 10 changes in 2020

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This new year, you will see changes in the way you shop and bank and will have to pay more for certain vehicles. There will be new rules which will have a big impact on the way you use your ATM card as well.

Here are the 10 changes you will see in 2020:

1. PAN-Aadhaar linking

You will have to link your Permanent Account Number (PAN) with Aadhaar by March 2020 after the Central Board of Direct Taxes (CBDT) extended the December 31-deadline.

According to section 139 AA (2) of the I-T, every person who has PAN, the 10-digit alphanumeric number, as on July 1, 2017, and is eligible to obtain Aadhaar, must intimate his Aadhaar number to tax authorities.

The policy-making body for the income tax department has said that in case a person fails to link PAN and Aadhaar card, then the PAN allotted to the person will be considered as invalid.

2. No NEFT transaction charge

You will not have to pay any charge for your National Electronic Funds Transfer (NEFT) transactions. The Reserve Bank of India (RBI) has directed banks not to charge savings account holders for NEFT from January 1, 2020, to give “further impetus to digital retail payments”.

3. No MDR charges on transactions through RuPay, UPI

You won’t have to pay Merchant Discount Rate (MDR) charges on transactions through RuPay cards and UPI payments from this new year.

Union finance minister Nirmala Sitharaman had asked banks earlier this month not to charge MDR on payments via RuPay, UPI from January 1 with a view to driving digital payments.

The move will apply to all companies with a turnover of Rs 50 crore or more. MDR is the fee paid by a merchant to a bank for accepting digital payments.

4. Pension computation facility for EPFO ??members

The labour ministry will restore pension commutation or advance partial withdrawal under the Employees’ Pension Scheme of the Employees’ Provident Find Organisation (EPFO) from January 1, 2020.

Under this facility, a pensioner is given a lump sum of the pension in advance and after that, their monthly pension is deducted by one-third for the next 15 years. After 15 years, pensioners are eligible for the full pension.

The move, which comes 10 years after the provision was withdrawn, will benefit around 630,000 pensioners.

5. SBI to introduce a new way of ATM cash withdrawal

The State Bank of India (SBI) will introduce one-time password (OTP)-based cash withdrawal system at all its ATMs from January 1, 2020. The country’s largest lender’s new OTP-based cash withdrawal system will be applicable for transactions above Rs 10,000 between 8pm and 8am to help protect its customers from unauthorised transactions at ATMs.

6. These debit cards won’t work

State Bank of India (SBI) has announced that its magnetic debit card won’t work after December 31, 2019. Customers will have to upgrade their old cards to the more secure EMV chip and PIN-based debit cards. SBI had informed its customers through its tweet asking them to replace the existing SBI debit cards through the new EMV cards.

7. You will have to pay more for some vehicles

Tata Motors, Toyota Motors, Mahindra and Mahindra, Maruti Suzuki, Hyundai Motors India, Mercedes-Benz, Kia Motors and Nissan Motors India are going to raise prices of their vehicles from January.

Two-wheeler company Hero MotoCorp has also announced an increase in prices of its vehicles from January. The prices of all the motorcycles and scooters of the company will increase by Rs 2000.

8. Sabka Biswas Yojana

The ‘Sabka Biswas Yojana’, introduced for resolution of old pending disputed cases related to service tax and excise duty, is going to end on December 31, 2019. It is unlikely to be extended further.

9. Aadhaar verification to be mandatory for new dealers

The GST Network has decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2020 to check malpractices in Goods and Services Tax.

10. Assam’s Arundhati Gold Scheme

The state government will start the Arundhati Gold Scheme by January for registered newly-married couples. The bride will get Rs 30,000 to buy gold under the scheme.

The annual income of the bride and her father should not be more than Rs 500,000 per year and the minimum age of the bride and groom has to be 18 and 21 years to avail the benefit under the scheme.

The Assam government has said the scheme is aimed to promote marriage registrations and prevent under-age marriages in the state.

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Who owns the Qutub Minar complex? The court will pronounce its verdict on December 12.

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Image Credits: pixahive.com

The matter of demanding the right of worship in the Qutub Minar complex is once again in discussion. In fact, the Saket court has reserved its decision on the reconsideration petition filed in the matter. Delhi’s Saket court will pronounce its verdict on December 12.

This reconsideration petition was filed by petitioner Kunwar Mahendra Dhawaj Prasad in Saket Court. In fact, the Saket court had rejected the petitioner Kunwar Mahendra Dhawaj Prasad’s petition in the matter of ownership of Qutub Minar. Kunwar Mahendra Dhawaj Prasad Singh had filed a petition claiming ownership over Qutub Minar.

By filing the first petition, Mahendra Dhawaj Prasad Singh had demanded to make himself a party in this matter. It was said in his petition that the government had taken over the entire property in 1947 without our permission. This petition was rejected by the court.

The last time in September, when the ASI’s lawyer opposed the petition of Kunwar Mahendra Dhawaj Prasad Singh, saying that Sultan Begum had claimed the ownership rights over the Red Fort, we had opposed that petition in the Delhi High Court. Even then the court had accepted that there is no basis for the demand made in the petition. ASI had requested to dismiss the petition of Kunwar Mahendra Dhawaj Prasad Singh.

Source: Aajtak

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Dry day, holiday in schools, metro timings also changed… know the changes before the MCD elections in Delhi

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The noise of campaigning for the Municipal Corporation elections in Delhi has come to an end. On Sunday i.e. December 4, votes will be cast to elect councilors in 250 wards. Before this, the Delhi government made three major changes so that the election arrangements can be implemented smoothly. In view of the elections, the Excise Department has declared a dry day for three days in Delhi. That is, there will be a ban on the sale of liquor in Delhi from Friday to Sunday. Liquor shops will remain closed on all three days. Apart from this, a holiday has been declared for all government schools on Saturday by the Delhi government. Due to the next day being Sunday, there will be a holiday in the schools. The third decision has been taken by the Delhi Metro Rail Corporation. Metro services will be available every half an hour from 4 am on Sunday, the day of voting. This process will continue till 6 in the morning.

On behalf of the Education Department of the Delhi government, it was told that due to the preparations for the voting to be held on Sunday, a holiday has been declared for all government schools on Saturday. In return, schools will remain open on 10 December i.e. on the second Saturday of the month.

Liquor shops will remain closed for three days in the capital

Similarly, Delhi will have a dry day for three days from Friday. Delhi Excise Commissioner Krishna Mohan Uppu told that under Rule 52 of Excise Rules 2010, December 2 to 4 and December 7 will be dry days. Dry days are those days when the government bans the sale of liquor in shops, clubs, bars. According to the notification, there will be a dry day in Delhi from 5.30 pm on Friday, 2 December to 5.30 pm on 4 December. Not only this, there will be a dry day on 7th December i.e. the whole day of the results. That means there will be a ban on the sale of liquor.

Metro service will start at 4 am on Sunday

At the same time, Delhi Metro Railway Corporation (DMRC) has made changes in metro operations on the day of polling. Metro services will be started at 4 am on December 4 (Sunday), the day of voting in MCD elections. Metro will be available on all lines at an interval of every half an hour from 4 am to 6 am. After 6 am, the normal frequency will continue like normal days. Delhi Metro is currently providing services on a total of 10 lines, including Red Line, Yellow, Blue, Green, Violet, Pink, Magenta, Gray, and Airport Express Line.

Source: Aajtak

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Man kills live-in partner with cleaver in West Delhi

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Photo by Hassan Rafhaan on Unsplash | (Representational Image)

According to police, a 45-year-old man was arrested on Thursday for allegedly murdering his 35-year-old live-in partner at her rented house in Ganesh Nagar, West Delhi. According to police, the woman’s 16-year-old daughter was asleep in another room at the time of the incident.

According to the police, the victim, Rekha Rani, had lived in Ganesh Nagar with her daughter for more than 15 years, and the partner, Manpreet Singh, had stayed with them for the past 7-8 years.

According to police, Manpreet gave Rekha’s migraine patient daughter some pills and told her to go to sleep on December 1 at around 6 a.m.

“He informed her that her mother had gone to the market when she became suspicious and inquired about her mother. She called her cousin and went to his Paschim Vihar home. They then called the police when they discovered that their house in Ganesh Nagar was locked. Ravindra Singh Yadav, Special CP (Crime Branch), stated, “The victim’s daughter stated in her statement that she suspected that Manpreet had harmed her mother and that Manpreet and her mother had been fighting over money for some time.”

According to the police, the suspect allegedly stabbed Rekha in the neck and face while she resisted and mutilated a finger on her right hand.

Manpreet moved in with Rekha after meeting her in 2015. He claimed that Rekha stopped letting him visit and talk to his family because, over time, she started to feel insecure. A police officer stated, “He purchased a chopper (cleaver knife) recently to murder her and planned to kill her.”

According to the police, the accused is allegedly involved in six cases in Delhi, including kidnapping for a ransom, an attempt to kill, the arms act, and forgery.

According to the police, the suspect drove to his home village of Nabha in Punjab after killing the woman. Police said the car was found through toll barriers and he was caught using technical investigation.

Source: IndianExpress

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