Some significant changes are set to take place From December 1, which will affect the lives of the common man. And these changes should be known by you for your day to day dealings. 1. LPG price may change- In India, LPG price is revised by the state-run oil companies on a monthly basis and it is expected that the prices of cooking gases would change in December. Notably, the government took several steps to ensure that domestic LPG prices remained constant during the COVID-19 pandemic.
2. Insurance holder can change premium amount: The insurance holder will get a chance to reduce the premium amount by 50 percent, which means the insurance holder will be able to sustain the policy with only half the installment.
3. New trains to start in December: New trains like the Jhelum Express and Punjab Mail will start operation from December 1. These trains will run under the normal category only. 01077/78 Pune-Jammu Tawi Pune Jhelum Special and 02137/38 Mumbai Ferozepur Punjab Mail Special trains will run every day.
4. Changes in Real-Time Gross Settlement (RTGS): In October 2020, the RBI had said that RTGS will be made available round-the-clock from December 2020 instead of 7 am to 6 pm on all working days of a week, except second and fourth Saturdays of every month. Announcing the bi-monthly RBI Monetary Policy decision, customers will get round-the-clock availability of RTGS System.
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