Financial Changes from 1 November: There are just 2 days left for the 10 months of the year 2022 to end and the 11th month of November is about to begin. At the beginning of every new month, some new changes come about which we keep informing you from time to time. This time there are some economic changes that can have a direct impact on you. Here is the key information to bring these changes in your pocket and your financial life to you.
Possible hike in LPG prices
On the first of every month, new prices of LPG cylinders are released and the reduction or increase is announced. This time also on November 1, new prices for both LPG and commercial gas can be announced. Since international gas prices are seeing a jump, it is believed that this time the prices of LPG cylinders can be increased on the first date. This can be for both 14.2 kg domestic LPG and 19 kg commercial LPG cylinders.
KYC mandatory for health and general insurance claims from November 1
The Insurance Regulatory and Development Authority of India (IRDAI) may make it mandatory for insurers to provide KYC (Know Your Customer) details from November 1. As of now, it is voluntary to provide KYC details while buying a non-life insurance policy which may be made mandatory from November 1. Rules related to KYC can be made mandatory for both new and old customers. Under this, if KYC documents are not presented at the time of making an insurance claim, then your claim can be rejected.
Know these changes related to electricity subsidy in Delhi from November 1
Those who have not registered for electricity subsidy in the capital Delhi may stop getting electricity subsidy from the first date. Now registration has become mandatory for the people of Delhi for free electricity up to 200 units in a month, those who did not register themselves till October 31, those people can be deprived of electricity subsidy from October. So you must also get this work done by 31st October.
new time table of indian railways
According to the new time table of Indian Railways from November 1, the time table of several thousand trains will change, so if you are traveling on November 1 or later, then you must check the train time before leaving for the journey. Earlier these changes were going to be implemented from October 1, but now they will be applicable from November 1, under which the timings of the capitals running in the country will also be changed.
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