Several new rules will kick in from March 1 which will directly impact people at all levels. These changes include new social media rules, LPG cylinder rates, train timings, and much more. In this article, Times Now has curated a list of 5 rules that will have a significant effect on ‘Aam Aadmi’s’ (Common man) lives.
Expensive Bank Loans: Bank loans are expected to get expensive from tomorrow as several private and public lenders have raised the MCLR rate following the hike in repo rate by the Reserve Bank of India (RBI). Earlier this year, the RBI had hiked the key benchmark policy rate by 25 basis points to 6.5 per cent to rein in retail inflation. Thus, home loan and auto loan EMIs may add to the burden of the common man from March 1.
Changes in Train Timetable: Speculations are rife that the Indian Railways may revise its timetable in the wake of summer. If media reports are to be believed, the timetable of thousands of passenger trains and 5,000 goods trains might be revised from March 1.
New Social Media Policy: The centre recently has altered the IT rules, thus Twitter, Facebook, Youtube and Social media giants will have to abide by the new rules of India. Contentious posts may also result in fines for users.
LPG and CNG Might Get Expensive: The prices of LPG and CNG are fixed at the beginning of every month, however, there were no changes in the price of LPG last month. Thus, it is expected that Indian Oil Corporation (IOC) may take a decision to increase the prices of LPG/CNG in March.
Bank Holidays: Public and private banking operations will remain affected for 12 days in March 2023. As per the Reserve Bank of India’s holiday list, the banks will observe holidays on second and fourth Saturdays ie March 11 and 25. Besides, the RBI calendar showed there are six bank holidays next month, apart from four Sundays that fall on March 5,12,19, and 26.
