Financial Rules Changed From 1 Oct 2023: The month of October is going to start from today. With the beginning of the new month, there have been changes in many financial rules which will impact the pockets of common people. This includes many changes ranging from credit and debit rules to commercial gas cylinder prices, TCS rules etc. Know which financial rules have changed from October 1, 2023.
1. Commercial gas cylinders become expensive
With the beginning of the new month, common people have got a shock. Oil companies have made commercial gas cylinders costlier by Rs 209 from October 1. In the capital Delhi, a 19 kg gas cylinder will now become costlier by Rs 209 and will be sold for Rs 1731.50. Commercial gas cylinder is being sold for Rs 1,695 in Chennai, Rs 1,684 in Mumbai and Rs 1636.00 in Kolkata.
2. ATF price increased
Before the beginning of the festive season, oil marketing companies have increased the price of air fuel. In the capital Delhi, ATF is being sold costlier by 5.50 percent to Rs 1,18,199.17 per kilolitre. After this decision, common people may get the shock of expensive air fares before the festive season.
3. Natural gas prices increased
The government has issued a notification on September 30 informing that the prices of domestic natural gas have also increased from today. After this increase, the price of domestic natural gas has increased from $8.60/MMBTU to $9.20/mBtu. After this increase, the cost of sectors like power sector, steel, petrochemical and fertilizer may increase.
< h3 style="text-align: justify;">4. Changes in credit and debit card rules
There have been major changes in the rules of credit and debit cards from today. From October 1, the Reserve Bank has given the facility to the customers that they can choose the network provider of their card. Earlier this could be chosen only by the card issuing bank or company, but from today customers will also get this freedom. You can choose the network provider at the time of card issuance or even after that.
5.Change in TCS rules
If you travel abroad or invest in foreign stocks, mutual funds, foreign cryptocurrencies, then there is shocking news for you. Except for education and medical expenses, you will now have to pay TCS up to 20 percent on all international remittances of more than Rs 7 lakh. This rule has come into effect from October 1.