ATTENTION! 5 Major Changes Coming Into Effect From Today That Will Directly Impact Your Finances

Today (March 1, 2023) is the first day of the ongoing month. Similar to other months, there are many rules changing from March 1. Here we curated a list of 5 major changes which will have a direct impact on your pockets.

Effective from 1 March 2023, 19 kg Commercial LPG cylinder prices have been increased by Rs 350.50. A bottle of 19 kg commercial cylinder will now cost Rs 2119.50 in Delhi. Meanwhile, domestic LPG Cylinder 14.2 kg prices has been hiked by Rs 50. A bottle of 14.2 kg Domestic LPG cylinder would now cost Rs 1103 in Delhi.

Bank loans are anticipated to become more expensive starting tomorrow as a number of private and public lenders increased the MCLR rate in response to the Central Bank of India's increase in the repo rate (RBI). In order to control retail inflation, the RBI raised the important benchmark policy rate by 25 basis points, to 6.5 percent, earlier this year. Home loan and auto loan EMIs may thereby increase the burden on the average person starting on March 1.

At the start of summer and in advance of the nation's festival season, the Indian Railways may alter the train schedule. ABP News said that starting on March 1, the schedule for thousands of passenger trains and 5,000 cargo trains may be altered.

The IT rules were recently modified by the Indian government. The new Indian laws now require social media sites like Twitter, Facebook, YouTube, and Instagram to abide by them. The new rule will be in place starting in March and will apply to posts that call for religious violence. Posts that include factual errors may also result in fines for the offenders.

Operations in both public and private banks will be impacted in March 2023 for a total of 12 days. Banks will be closed on March 11 and 25, the second and fourth Saturdays, respectively, per the Central Bank of India's list of holidays. The RBI calendar also indicated that there will be six bank holidays in March, except the four Sundays that fall on March 5, 12, 19, and 26.