Expiring Loan Moratorium Facility
The Reserve Bank of India (RBI) extended loan moratorium facility to the customers keeping in mind the facilities at the time of corona virus epidemic, which expired on 31 August. Now customers are worried about what will happen to their loan after this. From September 1, loan holders will also have to pay the loan installment, who were taking advantage of the Moratorium facility. However, the RBI has come out with a loan restructuring scheme to address the concerns of the borrowers. Non-payment of EMI since September will affect credit rating. Previously customers who had taken the facility of moratorium within a period of six months had no effect on their credit score.
GST payment will have
to be delayed. In the event of delay in payment of heavy goods and services tax (GST), we will charge interest on net tax liability from September 1. Earlier this year, the industry had raised concerns over the delay in GST payments to recover the outstanding interest of about Rs 46,000 crore. Interest was charged on the total liability.
The decision was taken at the 39th meeting.
The GST Council of Union and State Finance Ministers, in its 39th meeting in March, decided that from July 1, 2017, interest will be charged for delay in GST payment on net tax liability and the law for this Will be revised. However, the Central Board of Indirect Taxes and Customs (CBIC) notified on 25 August that interest would be charged on the total tax liability from 1 September 2020.
There will be air travel
, people traveling on expensive planes will now have to loose their pockets more. The Ministry of Civil Aviation has decided to levy high aviation security fees (ASF) from domestic and international passengers from September 1. In this context, the government officials said that air travel will be a bit expensive and the ASF for domestic passengers will be increased to Rs 160 from Rs 150 starting in September, and international passengers will exchange ASF from September 1 for US $ 4.85. Will pay US $ 5.2.
Airlines charge ASF at the time of booking of tickets by passengers and then pay it to the government. It is used for security arrangements at airports across the country.
Kisan Credit Card holders will have to pay more interest
This is very important news for more than eight crore Kisan Credit Card (KCC) holders in the country. Kisan Credit Card holders have to return the loan taken from the bank by 31 August. If the KCC holders did not return the loan by 31 August, they would have to pay seven per cent interest instead of four. The interest rate for farming is nine percent. But the government gives a subsidy of two percent in it. In this way it falls to seven percent. On return of money on time, there is an additional discount of 40 per cent. In this way, the interest rate for farmers is four percent.
Late payment of HDFC credit card will be expensive.
If you have a credit card of HDFC Bank, it will be more expensive to make late payment from September 1. The largest private sector bank has announced to increase the late payment charge on credit cards. HDFC gave this information on its website. According to this, new charges will be applicable on all other types of credit cards except Infinia cards.
Statement Balance (in rupees) |
Late payment charge (till 31 August 2020) |
Late payment charge (from 1 September 2020) |
Less than 100 rupees |
– |
– |
100 – 500 |
100 rupees |
100 rupees |
501 – 5,000 |
500 rupees |
500 rupees |
5,001 – 10,000 |
600 rupees |
600 rupees |
10,001 – 25,000 |
800 rupees |
800 rupees |
25,001 – 50,000 |
950 rupees |
Rs 1,100 |
More than 50,000 |
950 rupees |
Rs 1,300 |
Unlock-4 The
Ministry of Home Affairs has issued the guidelines for Unlock-4. Many activities have been allowed to open under this, so many things will still remain closed. These new changes will continue from September 1 to 30. In such a situation, let us know that according to the new guideline, whether something is open and what will be closed.
What open
- Metro Rail will be allowed to operate in a sequential manner from 7 September. The Ministry of Residential and Urban Affairs will issue standard operating procedure in this regard.
- From September 21, a maximum of 100 people will be able to attend public functions related to social, political, entertainment, sports etc. However, such limited ceremonies should invariably provide face masks, social distance, thermal scanning and provision of sanitizers for hand washing.
- Open air theaters will be allowed to open from 21 September 2020.
- Permission to open school for 50% teaching and non-teaching staff.
- Students from 9th to 12th will be able to go to school voluntarily to consult teachers outside the Containment Zone. This will be after the written consent of their parents / guardians.
- There will be no restriction on the movement of persons and goods within the state and between states. No separate permission or clearance or e-permit will be required for the movement.
- It will be necessary to maintain sufficient distance between customers at the shops. The Ministry of Home Affairs will monitor the effective implementation of national directives.
- Online or distance learning will be allowed and encouraged.
What will be closed
- Cinema halls, swimming pools, amusement parks, theaters and international flights (except in some special cases) will still remain closed.
- Lockdown in the Containment Zone will remain strictly in force till 30 September.
- State / Union Territory Governments will not impose lockdown at any local level except the Containment Zone without consulting the Central Government.
- After extensive consultations with the States and Union Territories, it has been decided that schools, colleges, educational and coaching institutions will remain closed for the students and regular classes till 30 September.
Budget Airlines will start IndiGo flights
IndiGo has announced its flights to start step boy step. From September 1, flights will start on the Prayagraj, Kolkata and Surat routes. A 180-seater air bus-320 will run on the Bhopal-Lucknow route. This flight will operate three days a week on Monday, Wednesday and Friday.
Purchase of property in Maharashtra becomes cheaper The
Maharashtra government has decided to reduce the stamp duty duty on the sale of immovable properties by three per cent with a view to promoting the sale and purchase of house and shop in the state. The three per cent reduction will be applicable from September 1 to December 31 this year. An official release said that from January 1 to March 31 next year, this exemption would be two per cent.
The post Important news: From today, these nine rules including gas cylinders, HDFC credit cards, loans and air travel appeared first on informalnewz.
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