This necessary change from February one, will have a big impact on your pocket
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New Delhi: The Union Government will present the General Budget on February 1, 2020. The budget is expected to increase income tax exemptions once. Finance Minister Nirmala Sitharaman can announce major concessions for you in the Budget 2020 for the fiscal year 2020-21. However since February 1, things have been changing that will affect your pocket. Come learn about these changes.
LIC's 23 policies will close
The Life Insurance Corporation of India (LIC) is shutting down 23 policemen on January 31, 2020. The Indian Insurance Director and Development Authority (IRDAI) in November 2019 asked life insurance companies to discontinue life insurance and riders that were not in line with the new product guidelines. Earlier, the deadline for these products to be returned to these companies was given on November 30, 2019, which has been extended till January 31. However, LIC has said that it will launch a number of new policemen.
The banker will be on strike with his demands
Bank employees have announced their stay on strike on February 1, following their demands. Employees have announced the full schedule of the strike. Under the first phase, employees are going to strike for two days. The day the finance minister will present the country's budget, meanwhile the banker will be on strike.
Changes related to WhatsApp
Starting February 1, WhatsApp will no longer be supported on smartphones with older Android and iOS operating systems. WhatsApp announced this last year on February 1, 2020 on iOS8 and earlier, WhatsApp won't work. On the other hand, WhatsApp does not work in the version of Android 2.3.7. Because of this, users will not be able to create a new account on WhatsApp. You also cannot verify WhatsApp account at the same time.
Many things will be expensive
In view of the government's own treasures, the GST is likely to increase on many items in the Budget released on February 1, 2020. It is believed that this time the government decides to increase import duty in the budget, then electronics, electrical goods, chemicals and handicraft items may be expensive. In addition, the prices of mobile phones may also increase
