New Delhi
Only six days are left for the year 2024 to end and preparations for the beginning of the new year 2025 have started across the country. With the new year, many big changes are going to be implemented in the country from 1st January 2025 (Rule Change From 1st January). The effect of which will be seen in every home and every pocket. These changes include rules ranging from prices of LPG cylinders used in kitchens to UPI payments.
Shift from LPG to UPI
Every month many financial changes are seen in the country and 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. First of all, there will be revision in LPG cylinder prices (LPG Price) and aviation fuel (ATF Rates). Because oil marketing companies make these changes on the first day of the month. So, the rules of UPI 123Pay payment are also going to be implemented from January 1st. So the new rule brought for EPFO pensioners will also be applicable from this day. Apart from this, loans to farmers without guarantee are also included in this list.
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. Apart from this, changes may also be seen in the prices of air fuel.
Second change- New rule of EPFO
On the first day of the new year, January 1, 2025, a new rule will be implemented for pensioners by the Employees Provident Fund Organization i.e. EPFO, which is a big gift for them. Actually, EPFO is going to make a big change for the pensioners in the new year, under which now the 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.
Third 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 will be applicable 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 Rs 5,000.
Fourth change- rules related to share market
Changes have been made in the monthly expiry of Sensex, Sensex-50 and Bankex. Now it will not happen every week 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.
Fifth 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, RBI will provide loans up to Rs 2 lakh to farmers without any guarantee. 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.
