5 rule changes from March 1 effect on middle class men’s lives
New social media guidelines, LPG cylinder prices, train schedule adjustments, and many other changes are among these. In this article, Times Now has compiled a list of 5 guidelines that will significantly impact the lives of middle-class men.
Expensive Bank Loans: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 Reserve 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 therefore increase the burden on the average person starting on March 1.
Train Schedule Modifications: There are many rumours that the Indian Railways may update its schedule following the summer. According to media reports, the schedule for 5,000 goods trains and thousands of passenger trains could be changed starting on March 1.
New Social Media Policy: The centre recently changed the IT rules; as a result, social media giants like Twitter, Facebook, Youtube, and Google+ must now adhere to the new rules of India. Users may also be fined for offensive posts.
LPG and CNG Prices May Rise: Although the prices of LPG and CNG are set at the beginning of each month, LPG prices remained unchanged last month. As a result, it is anticipated that Indian Oil Corporation (IOC) will decide to raise the cost of LPG and CNG in March 1.
Bank Holidays: In March 2023, both public and private banking operations will be suspended for a total of 12 days. Banks will be closed on March 11 and 25, which are the second and fourth Saturdays, respectively, in accordance with the Reserve Bank of India’s list of holidays. The RBI calendar also indicated that there will be six bank holidays in March, excluding the four Sundays that fall on March 5, 12, 19, and 26.