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Nation

8 Big Changes in the New Year, Direct Impact on the Middle Class! Read Details

by TLAteam December 31, 2024December 31, 2024
written by TLAteam December 31, 2024December 31, 2024
8 Big Changes in the New Year, Direct Impact on the Middle Class! Read Details

With only a few hours left for the new year, 2025 brings several major changes. From January 1, 2025, several economic regulations will change, directly affecting the common man’s pocket.

Business News

LPG Cylinder Prices:
Due to crude oil prices at $73.58 per barrel in the international market, LPG cylinder prices may increase in January 2025. Currently, domestic cylinder prices are stable at ₹803 in Mumbai and Delhi.

Fixed Deposit Rules:
From January 1, 2025, major changes will be implemented in FD rules for NBFCs and HFCs.

GST Rules:
From January 1, 2025, GST portal users must follow Multi-Factor Authentication (MFA).

UPI 123 Pay Transaction Limit:
The UPI 123 Pay transaction limit will be increased from ₹5,000 to ₹10,000 starting January 1, 2025.

ATM Facility for EPFO Members:
The government plans to introduce ATM facilities for withdrawing PF from January 1, 2025.

Relief for Farmers:
Farmers’ loan limit will increase to ₹2 lakh starting January 1, 2025.

Car Prices to Increase:
Car prices are set to rise by 2-4% due to higher production costs, starting January 1, 2025.

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