1 September is coming, and with it some big changes are coming, which will affect the life of every Indian. Let us know about these 6 important September changes that will affect your pocket and daily life.
Possible change in LPG cylinder price
On the first of every month, the government changes the price of LPG. In this September change too, fluctuations can be seen in the price of LPG and commercial gas cylinders. Last month, the price of a commercial LPG cylinder was increased by Rs 8.50. This change can affect the budget of crores of Indian families. LPG prices have increased by about 15% in the last year. If this trend continues, the price of a domestic LPG cylinder can reach Rs 1000 in the next 6 months.
Revision in ATF and CNG-PNG rates
Along with LPG, the price of aviation fuel, i.e., Air Turbine Fuel (ATF) and CNG-PNG, may also change. This September change may affect travel and transportation costs. ATF prices have increased by an average of 5% in the last 3 months. This may increase the airfare by 3-7%.
Fake calls and messages will be banned.
A major September change is going to happen from 1 September. TRAI has directed telecom companies to stop fake calls and messages. For this, telemarketing calls and commercial messages starting with 140 number series will be shifted to a blockchain-based DLT platform. This move is expected to reduce unwanted calls and messages by about 30%, which will provide great relief to consumers.
Changes in credit card rules
HDFC Bank will set a limit on reward points on utility transactions. Customers will now be able to earn only up to 2,000 points every month. IDFC First Bank will reduce the minimum amount payable on credit cards and reduce the payment date from 18 to 15 days. These changes may change the spending pattern of credit card users. It is estimated that this may reduce the average monthly credit card spend by 5-8%.
Increase in dearness allowance of government employees from 1 September
Another important September change may happen in the dearness allowance of government employees from 1 September. It is expected that the government may increase it by 3%, increasing it from 50% to 53%. This increase will benefit about 50 lakh central government employees and 65 lakh pensioners. This will increase their purchasing power, which can give impetus to the economy.
Last date for Aadhaar card update
You can update your Aadhaar card for free till September 14. After this, you will have to pay a fee. This September change will affect Aadhaar-related services. In the last 3 months, about 2 crore people have updated their Aadhaar cards. It is estimated that this number can reach 50 lakhs in the last week.
These changes will have a profound impact on our daily lives and financial matters.
These changes will have a profound impact on our daily lives and financial matters. From changes in LPG and fuel prices to credit card rules and dearness allowance, something new is going to happen in every sector. It is important to stay informed about these changes and plan your finances. Remember, information is power, and knowing about these changes can help you make your financial decisions better.
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