Today is the last day of the year 2024 and New Year 2025 is going to start from tomorrow. Many big changes (Rule Change From 1st January) are also going to be implemented in the country from the very first day, 1st January 2025. The effect of which will be seen in every home and every pocket. Some of these will prove to increase the burden on people’s pockets, while some relief changes are being implemented. These changes include everything from the prices of LPG cylinders used in the kitchen to the rules of bank account, UPI payment and EPFO. Let us know about 10 such changes…
First change- LPG prices
Like the first of every month, on January 1, 2025, oil marketing companies will revise the prices of kitchen and commercial LPG gas and release new rates. While companies have made many changes in the prices of 19 kg commercial LPG Cylinder for some time now, the prices of 14 kg kitchen cylinder have remained stable in the country for a long time. In such a situation, this time people are expecting a change in its price.
Second change- ATF rates
Oil marketing companies revise not only the prices of LPG but also the prices of aviation fuel Air Turbine Fuel (ATF) on the first day of the month. In such a situation, if there is a change in their prices on January 1, the first day of the year, then there will be a direct impact on the pockets of air traveling passengers.
Third change- New rule of EPFO
EPFO is preparing to implement new rules for pensioners on January 1, 2025. Under this big change, now pensioners will be able to withdraw their pension amount from any bank in the country and for this they do not need any additional verification. Will happen.
Fourth change- rules of UPI 123Pay
UPI 123Pay was launched by the Reserve Bank of India (RBI) to provide online payment facility from feature phones. It has been decided to increase its transaction limit, which can be implemented from January 1, 2025. Users will now be able to make online payments up to Rs 10,000, which was only Rs 5,000.
Fifth change- These rules related to share market
Changes have been made in the monthly expiry of Sensex, Sensex-50 and Bankex. Now it will be held every week not on Friday, but on Tuesday. Whereas quarterly and half yearly contracts will expire on the last Tuesday. On the other hand, NSE index has fixed Thursday for Nifty 50 monthly contracts.
Sixth change- Loan to farmers
The next change that is going to happen from January 1, 2025, is related to farmers. From the first day of the year, farmers will get loan up to Rs 2 lakh without guarantee from RBI. Recently, RBI had announced to increase the limit of unsecured loans for farmers. Due to which now they will be able to get a loan not of Rs 1.6 lakh but up to Rs 2 lakh.
Seventh change- Bank accounts will be closed
Reserve Bank of India (RBI) is going to change some rules from the new year. This is going to affect millions of bank accounts of the country. Because the central bank is going to close 3 types of bank accounts. Under the new guidelines of RBI, inactive accounts, inactive accounts and zero balance accounts will be closed.
Eighth change- prices of cars will increase
Buying cars of many companies is going to be expensive from January 1, 2025. Many companies including Maruti Suzuki, Tata Motors, Hyundai, and Toyota have announced an increase in the prices of their vehicles by 2 to 4 percent.
Ninth change- Telecom rules
The right of way rule for telecom companies will come into effect from January 1, 2025, from the new year. Under the new rules, companies will have to focus on installing optical fiber lines and new mobile towers. Implementation of this rule will help companies to improve their services. According to the new rule, telecom companies will not have to make much effort to install mobile towers. These rules have been made keeping the public and companies in mind.
Tenth change- GST rules become stricter
Compliance rules are going to become stricter for taxpayers from January 1, 2025. This includes Multi-Factor Authentication (MFA), which was earlier applicable only to those businesses whose annual turnover was Rs 20 crore or more, but now it can be implemented for all taxpayers accessing the GST portal. Is.