Commercial Gas Cylinder Prices Rise
Common folks are in for a surprise as October begins. Oil companies have hiked the prices of commercial gas cylinders by Rs 209, effective October 1.
In Delhi, a 19 kg cylinder will now cost Rs 1731.50. Prices in other cities are: Chennai – Rs 1,695, Mumbai – Rs 1,684, and Kolkata – Rs 1,636.
Aviation Fuel Costs Soar
Ahead of the festive season, oil marketing companies have raised aviation fuel (ATF) prices.
In Delhi, ATF now costs 5.50 percent more, at Rs 1,18,199.17 per kilolitre. This might lead to higher airfares for travelers during the festive season.
Natural Gas Prices on the Rise
The government has announced an increase in domestic natural gas prices, from $8.60/MMBTU to $9.20/mBtu, starting today.
This hike may lead to increased costs in sectors like power, steel, petrochemicals, and fertilizers.
Credit and Debit Card Rule Changes
Significant changes in credit and debit card rules come into effect today. The Reserve Bank now allows customers to choose their card’s network provider.
Previously, this could only be done by the issuing bank or company. Customers can make this choice at the time of card issuance or later.
Revised TCS Rules for International Transactions
If you engage in foreign travel, invest in foreign stocks, mutual funds, or foreign cryptocurrencies, there’s important news.
Starting October 1, you will be required to pay TCS (Tax Collected at Source) of up to 20 percent on international remittances exceeding Rs 7 lakh, except for education and medical expenses.
Aadhaar Mandate for Small Savings Schemes
Investing in small savings schemes like PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, etc., now requires Aadhaar.
Failure to link Aadhaar information to these accounts will result in their freezing, leading to loss of interest and investment access until Aadhaar details are updated.
Birth Certificate’s Enhanced Utility
From October 1 onwards, a birth certificate becomes a crucial document. It is now the sole requirement for a child’s school admission, college enrollment, obtaining an Aadhaar card, securing a government job, obtaining a driver’s license, and more.
