As we step into the month of March, there are a few important rule changes that we need to be aware of. Every month, various rule changes take place in different sectors, and this report aims to highlight some of the significant changes that are expected to take place in March 2023.
LPG Cylinder Price Change
One of the significant changes that are expected to take place in March is the LPG cylinder price change. LPG, which stands for Liquefied Petroleum Gas, is used for cooking purposes in many households across the country. The state-owned oil and natural gas company releases the price of LPG cylinders on the 1st of every month. While there was no change in the prices in February, it is expected to increase in March due to the upcoming festivals of Dol Yatra and Holi.
Changes in Bank Loan Interest Rates
Another change that is expected to impact many people is the change in bank loan interest rates. The Reserve Bank of India (RBI) has recently increased the repo rate to control market inflation. As a result, all banks have increased their Marginal Cost of Funds Based Leading Rate (MCLR). This increase in MCLR will have a direct impact on new borrowers and their monthly installments.
Change in Train Timings
The schedule of local or long-distance trains is subject to change due to various reasons, and as per reports from some media, the timetable of long-distance trains and freight trains is expected to change after March 1. This change is likely to have an impact on local train timings as well.
Change in Social Media Rules
With the increasing number of social media users in the country, there has been a growing concern regarding offensive or religious photos and videos being circulated on these platforms. As per reports, all social media apps like Facebook and Twitter can be fined if no action is taken on such content. This rule is expected to be enforced in the coming months.
All Banks Will Be Closed for 12 Days
Various festivals will be celebrated across the country in March, and as a result, banks will remain closed for 12 days on Saturdays and Sundays. It is important to keep this in mind while planning any banking transactions during this month.
In conclusion, these are some of the important rule changes that are expected to take place in March 2023. It is essential to keep ourselves updated on such changes to avoid any inconvenience or misunderstanding. As the world around us continues to evolve, we must adapt to these changes and stay informed.