From LPG prices to pension , these 5 big changes from January 1 will affect every home and every pocket .
From LPG prices to pension , these 5 big changes from January 1 will affect every home and every pocket . only 3 days are left for the year 2024 to end and preparations for the beggning 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.
5 BIG Changes 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. Among these, the first amendment will be seen in the prices of LPG cylinders (LPG Price) 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 be implemented from this day. Apart from this, loans without guarantee to farmers are also included in this list.
First change- 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. While companies have made several changes in the prices of 19 kg commercial LPG cylinders for some time now, the prices of 14 kg kitchen cylinders 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 can also be seen in the prices of aviation fuel.
Second change – 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 (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.
Third change – UPI 123Pay rules
UPI 123Pay was launched 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 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 up to Rs 5,000.
Fourth change- Rules related to share market:
Monthly expiry of Sensex, Sensex-50 and Bankex has been changed. Now it will happen on Tuesday instead of Friday every week. 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, farmers will get a loan of up to Rs 2 lakh without guarantee from 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 Rs 2 lakh instead of Rs 1.6 lakh.
