Business / LPG prices from June 1, changes in PPF, NSC, Sukanya scheme

Rules Cahnge From 1st June: From June, the rules of many schemes like banking, LPG cylinder price, ITR filing, gold hallmarking, interest on small savings will change. Some changes will be from June 1, and some from June 15. Apart from this, unlock can also begin for freedom from lockdown in many states including MP, UP, Delhi. They will directly affect your pocket. Let us know what are the changes that will affect your life ...

Lpg cylinder price

In the new month, there can also be a big change in the prices of LPG. Oil companies announce LPG cylinders every month. At present, the price of 14.2 kg gas cylinder in Delhi is Rs 809 and the way petrol and diesel prices are going up, it is expected that the price of gas can be increased from 50 to 100 rupees per cylinder.

Air travel will be expensive

Air travel will be expensive from June 1. The central government has approved raising the air fare minimum limit to 16 percent. The air fare limit has been increased from 13 to 16 per cent. This increase will be effective from June 1. The Ministry of Civil Aviation has said in an order that there has been no increase in the upper limit of the fare. Explain that international flights will be suspended on June 30.

Change in interest rates of small savings scheme

In March, the interest rates of government schemes like PPF, NSC, Sukanya Samriddhi Yojana were changed, but then the government withdrew it as a mistake. The decision of the government was then seen to be linked to the elections. This can also be changed on 1 June. However, the new rates are applicable till 30 June.

Bank of Baroda Payment Process

Bank of Baroda is going to make big changes in check payment rules from June 1. Bank is implementing 'Positive Pay Confirmation' from 1st of next month. However, giving convenience to customers, the bank has said that the rule of 'positive pay confirmation' will be applicable only on payments above 50 thousand. According to the information given on the bank's website, now the issuer of the check will have to give the information of the beneficiaries in advance. The bank believes that this will take less time. On the other hand, check fraud can also be avoided.

Change in IFSC Code

Giving information to its customers, Canara Bank has said that from July 1, 2021, the IFSC Code of Syndicate Bank is going to change. All the customers of Syndicate Bank have been asked to get information about the updated IFC Code from their branch. It has been said on behalf of Canara Bank, 'After the merger of Syndicate Bank, the IFC code of all the branches has been changed.' The bank has asked the customers to update the new IFC code, else the benefits of NEFT, RTGS, IMPS will not be available from July 1.

Gold hallmarking rules

The central government has now reduced the mandatory hallmarking deadline of gold jewelery and artifacts to June 15 due to the epidemic. A decision was taken in this meeting chaired by Consumer Affairs Minister Piyush Goyal. It was earlier expected to be implemented from 1 June 2021. Explain that traders associated with the trade union Confederation of All India Traders and the jewelery industry had demanded the government to extend the date of June 1, 2021 for the introduction of hallmarking. Given the current situation, the government has accepted their demand.

New website of ITR

There is going to be a huge change in the next month on the income tax return as well. Existing website www.incometaxindiaefilling.gov.in will not be functional from 1 to 6 June. The website www.incometaxgov.in will be launched by the government on 7 June. The new website will be advanced as well as user friendly as compared to the earlier.