Major Rule Changes From December 1

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29 November 2024

Several rule changes are set to impact daily life and finances for households across the country from December 1


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These updates aim to improve transparency, fairness, and financial management. Here's what to expect


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Gas cylinder price: Monthly revisions to LPG cylinder prices by oil marketing companies could see changes in domestic rates


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These adjustments will depend on international market trends and policies, potentially affecting household budgets


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Credit card changes: Banks are introducing changes in credit card fees and reward structures


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SBI will discontinue reward points on gaming-related transactions for several credit cards, while other institutions like Axis Bank will impose fees on reward redemptions


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TRAI's new regulation: To counter spam and phishing, the Telecom Regulatory Authority of India (TRAI) will enforce traceability mandates for commercial messages


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This measure aims to secure transactions involving OTPs and other sensitive information


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Maldives increasing its departure fees: Maldives, one of the most popular tourist destinations, is hiking the fees it charges tourists who visit the archipelago


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While economy-class passengers will have to $50 (Rs 4,220), business-class passengers will have to pay $120 (Rs 10,129)


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