1 February New Rule: Many important changes are seen on the first date of every month, which impact the pockets of the common man. But this time today i.e. on 1st February some big changes have been made. Which will directly impact the public’s pockets. The general budget is also being presented today. The prices of tobacco and cigarettes will also increase from today, which is the most talked about issue. Apart from this, many big changes are going to happen from today. Know here what will change and what will be the impact on the common man’s pocket?
tobacco and cigarettes
From today the prices of tobacco, gutka, pan masala and cigarettes will increase the most. Because the government has implemented 40 percent GST on tobacco products from today. Due to which the price of tobacco products will increase by 15 to 40 percent. At the same time, GST on beedis has been reduced.
interest rate
The monetary policy meeting of the Reserve Bank of India is going to be held from 4th to 6th February this month. In such a situation, it is expected that interest rates may be reduced by 0.25 percent. If this is done then middle class people will get a lot of relief and loans will become cheaper.
air ticket
Oil companies have reduced the prices of Aviation Turbine Fuel (ATF), due to which the costs of airlines will reduce. Passengers can get this benefit, which means tickets are expected to be cheaper.
Also read: Before the presentation of the budget, the price of gold and silver fell sharply, silver became cheaper by Rs 27 thousand.
Effect will be visible on property also
There will not be much change seen on the property in most areas. But in Uttar Pradesh and Karnataka, Aadhaar authentication has been made mandatory on the purchase and sale of property. Apart from this, it will be mandatory for everyone to undergo biometric verification.
Relief for Fastag users
There is relief news for Fastag users. Now there will be no need for KYV (Know Your Vehicle) process while issuing Fastag for a new vehicle. Because NHAI has announced this closure. Vehicles which already have Fastag will also not require routine KYV verification. Only those vehicles will be verified for which complaint is received.
