The Month of March has started, with every new month starts, the rules related to money change. Numerous changes come along that directly affect people's daily life.
Reetu | Mar 2, 2023 |
Rules Change from 1st March 2023: Many rules have changed, Burden on your pocket increased; Know New Rules
The Month of March has started, with every new month starts, the rules related to money change. Numerous changes come along that directly affect people’s daily life.
These changes will have an effect on your household budget. Sometimes these restrictions benefit you, and occasionally they cost you more money. LPG, CNG, and PNG prices are set on the first of each month. Banks will also be closed for 12 days next month. Please provide us with the specifics of these new rules.
Before Holi, common people have got another blow of inflation and the price of 14.2 kg domestic gas cylinder has increased by Rs 50. At the same time, an increase of up to Rs 350.50 has been registered in the price of 19 kg commercial cylinder. Domestic LPG cylinder in Delhi will be available at Rs 1103 per cylinder from today.
In March, there is also Holi and Navratri, for which banks will be closed for 12 days. This contains weekly bank holidays. Have your bank-related work done right away. Banks in India are open on the first and third Saturdays of each month. Banks are closed on the second and fourth Saturdays. According to the Reserve Bank of India (RBI) calendar, commercial and government banks will be closed for 12 days in March 2023.
The RBI raised the repo rate in February, and as a result, many banks have already raised their MCLR rates, making bank loans more expensive. After February 28, Bandhan Bank has increased the cost of their loans. Aside from that, HDFC and Punjab National Bank have raised lending rates, making loans more expensive beginning March 1st, i.e. Wednesday.
IELTS (International English Language Testing System) announced One Skill Retake last year, stating that students will be allowed to take a distinct module test in the IELTS exam beginning in March 2023. This exam is required before going to study, settle, or work in nations where English is the native language, such as the United Kingdom, Canada, Australia, and New Zealand. The exam is divided into four sections. If the score is low, the student must retake each module’s test; however, if he wants to improve his score in any one module, he will only be able to take that module’s exam.
In order to address any complaints made via social media, the government on Tuesday unveiled the Grievance Appellate System online. The issues raised on social media platforms will soon be resolved through this portal. From tomorrow, this will be put into practise. According to the government, this gateway will ensure the responsibility of social media businesses.
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