New Delhi :
In this article, we’ll discuss the significant rule changes that took effect on November 1, 2023, and their potential financial implications for the common man.
Commercial Gas Cylinder Prices Surge
Oil marketing companies implement monthly LPG price adjustments, and as of November 1, 2023, they have increased the cost of 19 kg commercial gas cylinders by over Rs 100, while the price of 14 kg domestic gas cylinders remains unchanged.
Air Passengers Catch a Break as Jet Fuel Prices Drop
On November 1, 2023, oil marketing companies finally reduced the price of Air Turbine Fuel (ATF) by Rs 1074 per kilolitre after a series of continuous increases, offering some relief to air travelers.
Transaction Fee Hike at BSE Hits Traders
As of November 1, the Bombay Stock Exchange (BSE) has raised transaction charges on the equity derivatives segment, particularly affecting S&P BSE Sensex options, with potential negative repercussions for traders, especially retail investors.
GST Invoice Changes for Big Businesses
Starting November 1, 2023, businesses with a turnover of Rs 100 crore or more must upload their GST invoices on the e-invoice portal within 30 days, in compliance with the new rule announced by the National Informatics Centre.
Delhi-NCR Bans BS-3 and BS-4 Diesel Buses
To combat rising pollution levels, Delhi-NCR has banned the entry of BS-3 and BS-4 diesel buses starting November 1, restricting access for such buses from neighboring states. Only electric, CNG, and Bharat Stage (BS-6) buses will be allowed to enter the capital.
KYC Requirement for Insurance Policyholders Begins on November 1
The Insurance Regulatory and Development Authority of India (IRDAI) has made Know Your Customer (KYC) mandatory for all insured individuals, impacting insurance policyholders from November 1, 2023.
