From LPG Cylinder Prices to RTGS, know what rules are changing from December 2020
Here are some rules that are going to change from December 1:
LPG Cylinder Prices
Oil marketing companies revise the prices of LPG on the first day of every month depending on the crude rates in the international markets. It is by and large expected that the OMCs will make announcement on revision of LPG Cylinder Prices.
Change in premium amount
After 5 years, the insured can reduce the premium amount by 50 per cent. The policy-bearer can continue the policy even with half the installment.
LPG Cylinder Prices
Oil marketing companies revise the prices of LPG on the first day of every month depending on the crude rates in the international markets. It is by and large expected that the OMCs will make announcement on revision of LPG Cylinder Prices
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Restoration of Train services
Earlier, a section of the media had reported that a host train services will be restored from December. These included Punjab Mail and Jhelum Express. The Railways has drawn up a tentative plan to restore 17 mail and express trains for the Punjab region from November 24, while it is expected that Pune Jammu-Tawi Jhelum Express services will begin from December 1, some media reports said.
Real Time Gross Settlement System (RTGS)
The Reserve Bank of India had in October 2020 said that Real Time Gross Settlement System (RTGS), used for large value transactions, will be made available round-the-clock from December 2020 instead of 7 am to 6 pm on all working days of a week, except second and fourth Saturdays of every month. Announcing the bi-monthly RBI Monetary Policy decision, RBI Governor Shaktikanta Das had said, customers will get round-the-clock availability of Real Time Gross Settlement (RTGS) System.