Rule Change: September has arrived, and as is customary, various changes are set to take effect in the country on the first day of the month. These changes will have a direct impact on the everyday lives of citizens, spanning areas from the stock market to household expenses. Staying informed about these changes is crucial. Here’s a breakdown of the significant changes coming into play from September 1:
LPG Cylinder Price:
Oil and gas distribution companies in the country adjust LPG cylinder prices monthly. While changes might be expected this September 1, the Central Government recently provided relief by reducing the price of the 14.2 kg LPG cylinder by Rs 200.
CNG-PNG Price and ATF Price:
Oil companies also revise the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) on a monthly basis. Similarly, the price of Aviation Turbine Fuel (ATF) undergoes adjustments. It’s anticipated that changes could occur this time around too.
Stock Listing:
The Securities and Exchange Board of India (SEBI) has made changes to the timeline for listing a company’s stock on the stock market after an Initial Public Offering (IPO) concludes. This timeline has been reduced to three days from the previous six days. The new rule will apply voluntarily to all IPOs post-September 1, 2023, becoming mandatory from December 1, 2023.
Axis Bank Credit Card Charges:
Axis Bank credit card holders need to take note of a significant update. Starting September 1, 2023, the bank will impose an annual fee of Rs 12,500 for the Magnus Credit Card. However, customers who spend at least Rs 25 lakh using the card within the year will have this fee waived.
Last Aadhaar Update Opportunity:
For those who need to update their Aadhaar information, the free update facility provided by the Unique Identification Authority of India (UIDAI) will conclude on September 14. This marks the final extension after the original deadline was extended by three months from June 14.
As September unfolds, these changes will undoubtedly impact various aspects of individuals’ financial and daily lives, making it essential for everyone to stay informed and prepared.
