New Rules: New Rules From February 1.. Hole In Common Man's Pocket.. Know These Things..

New Rules: New rules will come into force in some key areas from February 1. There are also those that will put a dent in the pockets of the common man. The central government will present the annual budget for the upcoming financial year on February 1. Many changes will take place in this order. What are the new rules that will come into effect from the first day of February? It is in everyone’s interest to know how they affect us. The most important thing to do this February is tax planning. This is an important point for those looking for tax returns.

Whether you are taking any loan now or intending to take it in the future, you should focus on the Reserve Bank of India’s RBI policy announcement that will be held in a few days. There will be new changes for those using debit and credit cards. Some banks are implementing new changes from February 1. They can also put a dent in your pocket.

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Cooking gas prices
Oil companies revise the prices of gas cylinders on the first day of every month. Common people are waiting to see if the cooking gas cylinder price will increase or decrease on February 1. However, the oil marketing companies may increase, or decrease or keep the gas cylinder price fixed. If the price of the cylinder increases, the burden will be more on the common man.

Credit Card New Rules..
Bank of Baroda will give jhalak to credit card users. The new rules will come into effect from February 1. If you pay the house rent by credit card, you will have to pay a fee of 1 percent. This will not burden the people using the credit card of this bank.

Packaging rules..
The central government will implement new packaging regulations from February 1. Packaging information of 19 types of items like flour, cookies, water, cement bags, grains will be mandatory. It should contain all the details like weight and date of manufacture.

Tata Motors price hike
Tata Motors will give a shock to car buyers. To increase the prices of passenger vehicles. The new prices will be effective from February 1. It has already announced that the prices of petrol and diesel vehicles will be increased by 1.2 percent.

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Canara Bank
Canara Bank will increase charges on debit card services from February 13. The annual fee on debit cards has been increased from Rs.125 to Rs.200. Increased to Rs.500 on platinum and business cards. It has also made changes on other cards.

Tax saving plans should be started..
Income tax is an important part of your financial planning. All should be completed by the end of the financial year. If you haven’t done tax planning till now.. you should start now. The deadline is March 31. Invest with your financial goals in mind. PPF, National Pension Scheme, Sukanya Samriddhi Yojana, Equity Linked Savings Schemes include monthly SIP, EPF, Life Insurance etc. A tax deduction of up to Rs.25 thousand is available under section 80D by purchasing health insurance. A discount of Rs.25,000 is also available on the policy taken for your parents.

RBI monetary policy
RBI will announce monetary policy on February 8. Economists are predicting that there may be another rate hike to curb the rising inflation. If that happens, more burden will fall on the common man. EMIs will increase. The February repo rate is likely to be hiked by another 25 to 35 basis points.