@DeebuGeorge In the example you provided, no publish targets are selected for publishing, and the Date and Versions do not match, so I would not expect to see any updates on production based on that configuration. Also, I see you have the Save button selected, we recommend using the Save As button to allow versioning. You may want to review this article for some additional information: https://community.tealiumiq.com/t5/iQ-Tag-Management/Saving-and-Publishing/ta-p/10929
I Belie you got confused with the interface.
2 things here -
Hope this helps and, please do let me know if you need more information.