Financial Changes from 1 November : The year 2022 is about to end. There are only 2 days left for the 10th month of October to end. The next month is November. A lot will change from November 1. This time some economic changes are going to happen which will have a direct impact on you. The bearing attaches directly to your pocket. So you need to know. So let’s tell you. What will change next month?
It is possible that the price of LPG will increase
Financial Changes by 1st November: New LPG cylinder prices are released on 1st of every month and their reduction or increase is announced. On this occasion also, new prices of both LPG and commercial gas can be announced on November 1. Since international gas prices are rising, it is believed that this time the prices of LPG cylinders may increase on the first date. This can be for both 14.2 kg domestic LPG cylinder and 19 kg commercial LPG cylinder.
Mandatory KYC for general and health insurance claims from November 1
Financial changes from November 1: The Insurance Regulatory and Development Authority of India (IRDAI) may compel insurers to provide KYC (Know Your Customer) details from November 1. As of now, giving KYC details while buying a non-life insurance policy is voluntary and may become mandatory from November 1. KYC norms may be mandatory for both new and old customers. Based on this, if you do not submit KYC documents at the time of making an insurance claim, then your claim may get rejected.
Know about these changes related to electricity subsidy in Delhi from November 1
Financial changes from November 1: Those who have not registered for electricity subsidy in the capital Delhi can stop receiving electricity subsidy from the first date. Now registration has become mandatory for people in Delhi to get free electricity up to 200 units in a month, those who have not registered till October 31 may be deprived of electricity subsidy from October. Therefore, you should also do this work before 31 October.
New indian railway timetable
Financial changes from November 1: Under the new timetable of Indian Railways, there will be a change in the schedule of several thousand trains from November 1, so if you are traveling on or after November 1, check the train schedule before leaving for the journey. Do it Earlier these changes were to be implemented from October 1, but now they will come into effect from November 1, which will also change the hours of operation of the country’s capitals.