New Rules From January 1: With the beginning of the new year, many financial changes will be seen in the country, some of which may prove to be burdensome, while some will be beneficial for the people.
New Rules From January 1: There are only six days left for the year 2024 to end and preparations for the start of the new year 2025 have started across the country. With the new year, many big changes (Rule Change From 1st January) are going to be implemented in the country from January 1, 2025. The effect of which will be seen on every home and every pocket. These changes include rules ranging from the prices of LPG cylinders used in the kitchen to UPI payment.
Changes from LPG to UPI
Every month many financial changes are seen in the country and this time not only the new month but also the new year is going to start from January 1. Five major changes are going to be implemented in the country from the very first day of the year. In these, the first revision will be seen in the prices of LPG cylinders to aviation fuel (ATF Rates). Because oil marketing companies make these changes on the first date of the month. At the same time, the rules of UPI 123Pay payment are also going to be implemented from January 1. So the new rule brought for EPFO pensioners will also come into effect from this day. Apart from this, loans to farmers without guarantee are also included in this list.
LPG Prices
Like the first date of every month, on January 1, 2025, oil marketing companies will revise the prices of kitchen and commercial LPG gas and release new rates. For some time, while companies have made many changes in the prices of 19 kg commercial LPG cylinder, the prices of 14 kg kitchen cylinder have been stable in the country for a long time. In such a situation, this time people are expecting a change in its price. Apart from this, changes can also be seen in the prices of aviation fuel.
EPFO’s new rule
On the first day of the new year, January 1, 2025, a new rule will be implemented by the Employees Provident Fund Organization i.e. EPFO for pensioners, which is a big gift for them. Actually, EPFO is going to make a big change for pensioners in the new year, under which now pensioners will be able to withdraw their pension amount from any bank in the country and for this they will not need any additional verification.
UPI 123Pay rules
UPI 123Pay was introduced by the Reserve Bank of India (RBI) to provide online payment facility from feature phones. It has decided to increase its transaction limit, which will come into effect from January 1. After this, users will now be able to make online payment of up to Rs 10,000. Earlier this limit was only up to Rs 5,000.
Rule related to stock market
Sensex, Sensex-50 and Bankex have changed the monthly expiry. Now it will happen on Tuesday instead of Friday every week. On the other hand, the expiry of quarterly and half-yearly contracts will be on the last Tuesday. On the other hand, NSE Index has fixed Thursday for Nifty 50 monthly contracts.
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 a loan of up to Rs 2 lakh without guarantee by RBI. Recently, RBI had announced to increase the limit of loan without guarantee for farmers. Due to which now they will be able to get a loan of up to two lakh rupees instead of Rs 1.6 lakh.
