There are only a few days left in October. Diwali festival is on the last day of the month, October 31, but from the very next day, 5 rules related to money are going to change. This includes rules from gas cylinder prices to the mutual fund stock market. Let us know what effect these changes will have on your pocket.
Many rules change on the first date of every month. From government to private companies, changes are made in the rules which have a direct impact on the common man.
Gas cylinder prices
Usually, the government changes the prices of domestic and commercial gas cylinders on the first date of every month. In such a situation, there may be a change in the prices of gas cylinders on November 1 as well.
Mutual Fund Rules
If you earn from the stock market or mutual funds, then this rule can have a direct impact on you. SEBI has made new rules to prevent insider trading in mutual funds, these rules will come into effect from November 1. SEBI has included mutual fund units in the insider trading rules.
Credit card rules
Now 1% extra charge will be levied on utility bill payments of more than Rs 50,000 in a statement cycle through the credit card of the country's largest public sector bank SBI. SBI has also changed the finance charge of all unsecured credit cards except the Shaurya/Defense credit card.
Message traceability
Apart from these, message traceability rules will also come into effect from November 1. The government has directed telecom companies to implement message traceability. That means now messages can also be checked along with calls. The government has implemented this rule to prevent fake calls and spam, through which spam and fake calls can be identified through some keywords.