Rule Change From 1st September 2023: Important changes are going to happen across the country from the first date of September. Some of these changes will directly affect your purse. From fall in LPG price to increase in take home pay, here are six important changes you need to know that will come into effect from September 1, 2023.
List of rules that will change from September 1
LPG cylinder price drop
The government has taken an important decision giving relief to the common man by reducing the monthly prices of LPG. The new prices will be applicable from September 1, 2023. Recently, the Central Government had announced a reduction of Rs 200 in the price of 14.2 kg cylinder across the country.
Axis Bank Credit Card
The important update regarding Axis Bank’s Magnus Credit Card will be applicable from September 1, 2023 only. Post these changes, Magnus Credit Card users will get lesser reward points than before and will be able to avail lesser discount on certain transactions. Axis Bank credit card holders will have to pay an annual fee of Rs 12,500. However, users who spend at least Rs 25 lakh in a year using the Magnus card will not have to pay the fee.
IPO listing days will be reduced
The Securities Exchange Board of India (SEBI) took an important step in the initial public offering (IPO) listing. Now reduced IPO listing from September 1, 2023. The time limit for listing of shares in the stock market has been reduced from six days to half i.e. three days.
After the IPO deadline, SEBI will offer the company’s shares in the stock market. This new change is voluntary from September 1, but it will become mandatory after December 1, 2023.
Last chance to update Aadhaar
The free update facility of Unique Identification Authority of India (UIDAI) to update Aadhaar information will end on September 14. The first deadline to update Aadhaar card free of cost was June 14, after which a final three-month extension was given.
Employees’ salaries will increase
The good news for all employed people is that the salary rules for employed people will change from the first of September. With the implementation of the new rules, the take-home salary of an employed person will increase.
This rule will benefit those employees who are given a house to live in by the employer and some deduction is made from their salary because the rent-free house rules are going to change from September 1, 2023.
