Share Market News: Beginning January 1, 2025, there will be big financial updates that could have an impact on many facets of daily living. International oil market changes may result in higher LPG cylinder costs, with the present figure of Rs. 803 in Delhi expected to grow. Furthermore, new laws for fixed deposits with NBFCs and housing finance companies will go into force, forcing individuals to be informed about developments. GST requirements are also strengthening, requiring MFA compliance from all taxpayers, including small firms. Meanwhile, UPI 123 Pay users can now transact up to Rs. 10,000, twice the previous limit and providing greater convenience for larger transfers.
Several modifications are planned to help specific sectors. EPFO members may soon be able to withdraw provident money from ATMs, making it easier to save. The Reserve Bank of India has upped the maximum for unsecured loans to Rs. 2 lakh, allowing farmers to borrow more. Stock market fans will notice that the monthly expiry for the Sensex Bank S and Sensex 50 has shifted to the final Tuesday of each month, boosting market activity. On the flipside, higher production costs are expected to raise automobile prices by 2-4%. These revisions highlight the importance of consumers updating their financial plans as the new year begins.
Nifty Next 50: What is Junior Nifty? Is it Different From Nifty 50? Everything You ...
Business News: Diesel Demand Falls as EV Gains Momentum in India ...
Business News: Gensol Engineering Under SEBI Probe Over Misuse of Rs 262 Crore EV Loan ...
Mehul Choksi Arrested: Fugitive Diamond Merchant Held in Belgium Over PNB Loan Fraud ...