New Year Brings Key Changes: LPG Prices, PF Withdrawals and More
From January 1, 2025, there will be significant changes in many rules of the country. These include LPG prices and EPFO rules as well. Usually, on the 1st of every month, the government changes the price of LPG. There have been many changes in the prices of 19 kg commercial LPG cylinders for some time now. These changes will affect the pocket of the general public.
Important Rule Changes
There are only two days left for the year 2024 to end and preparations have started to welcome the new year 2025. From January 1, 2025, there are going to be many important rule changes in the country, ranging from LPG prices to EPFO rules. Let's know what will change from January 1 this time and how it will affect you. Although the price of 14 kg LPG cylinder has been stable in the country for a long time, this time the price of LPG cylinder is expected to change.
Good News for PF Holders
PF account holders can get a special gift at the beginning of the year 2025, through which it will be possible to withdraw PF money from the ATM. The Labor Ministry is working on this. Recently, Labour Secretary Sumita Dawra informed that the Ministry of Labour and Employment is upgrading its IT systems to streamline PF withdrawals and improve service.
UPI Transactions Increased
Recently, the Reserve Bank of India (RBI) has given great news for feature phone users. Now UPI payment up to Rs 10,000 can be made using UPI 123Pay. This facility will start from January 1, 2025. Earlier this limit used to be 5 thousand rupees.
Increased Loans for Farmers
Recently, the Reserve Bank of India has given a big relief news for the farmers. The RBI has increased the limit of loans available to farmers without guarantee to Rs 2 lakh. The new rules will come into effect from January 1, 2025.
Misfortunes at NSE
The National Stock Exchange (NSE) has announced a change in the expiry day of its contracts. It will come into effect from January 1, 2025. The NSE issued a circular in this regard on November 29. Now, the monthly contracts of Finnifty, MidCPNfty, and NiftyNext50 will expire on the last Thursday of the respective month.