December 10 New Rules: Some new rules and changes come into effect at the beginning of every month. This time too, many important changes are going to take place from December 1, 2024, which will have a direct impact on the lives of common people. These changes include everything from LPG gas cylinder prices to credit card rules. Besides, some new rules will also be implemented in the telecom sector.
These changes are going to impact every home and every pocket. Therefore, it is important that we know about these changes and prepare ourselves. Let us see what is going to change from December 1 and what effect it will have on our everyday life.
Overview of new rules
| shift | Description |
| LPG cylinder price | Possible changes in the prices of domestic and commercial gas cylinders |
| sbi credit card rules | Reward points closed on digital gaming platforms |
| telecom rules | New traceability rules for commercial messages and OTP |
| bank holidays | Banks will remain closed for 17 days in December |
| ATF prices | Possible changes in air fuel prices |
| healthcare price transparency | New rules for hospitals and insurance companies |
| maldives tourist fees | Increase in departure fees for tourists |
Change in price of LPG cylinder
The prices of LPG gas cylinders are changed on the first of every month. This time too, there may be a change in the prices of domestic and commercial gas cylinders from December 1. Last month in October, the price of 19 kg commercial gas cylinder was increased by Rs 48. However, there was no change in the prices of domestic gas cylinders.
There is a possibility of change in prices this time also. This change may affect the household budget. If prices rise, people may have to find new ways to handle their expenses. At the same time, if the prices decrease, it will be a matter of relief.
Changes in SBI credit card rules
There is going to be a major change in the credit card rules of State Bank of India (SBI) from December 1. Under this change, reward points will not be available on transactions related to digital gaming platforms or merchants on 48 credit cards of SBI.
This change will affect those who use their SBI credit cards for online gaming. Now they will not get any additional benefit on these transactions. This step may have been taken to reduce spending on online gaming.
New rules in telecom sector
The Telecom Regulatory Authority of India (TRAI) has decided to implement new traceability rules related to commercial messages and OTPs. These rules will come into effect from December 1. The main objective of these rules is to prevent activities like scam and phishing.
Under the new rules:
- All commercial messages will be traceable
- There will be changes in the process of sending OTP
- The sender of the message can be easily identified
These rules will provide a safe digital experience to customers. However, there may be a slight delay in receiving OTP initially.
changes in bank holidays
Information regarding bank holidays in the month of December has also come to light. According to the list released by the Reserve Bank of India (RBI), banks will remain closed for a total of 17 days in December. These also include holidays on Sunday and second-fourth Saturday.
List of Bank Holidays:
- 3 December (Sunday)
- 9 December (second Saturday)
- 10 December (Sunday)
- 17 December (Sunday)
- December 23 (fourth Saturday)
- 24 December (Sunday)
- 25 December (Christmas)
- 31 December (Sunday)
Additionally, some states may have additional holidays due to local festivals. Customers are advised to plan their banking operations keeping these dates in mind.
Change in ATF prices
Aviation Turbine Fuel (ATF) prices are also revised on the 1st of every month. There may be a change in ATF prices also on 1st December. This change may affect air travelers.
If ATF prices rise, airlines may increase their fares. Whereas if the prices decrease, passengers can get cheaper tickets. So if you are planning air travel in December, keep an eye on this change.
Improving healthcare price transparency
New rules will be applicable for hospitals and insurance companies from December 1. The objective of these rules is to bring transparency in healthcare expenses. Under the new rules:
- Hospitals will have to provide standard template of treatment cost
- Insurance companies will have to make the claim process more transparent
- Patients will get information about the estimated cost even before the treatment.
These changes will help patients make better financial plans. Besides, unnecessary expenses will also be curbed.
Maldives tourist fees increase
Departure fees for tourists going to Maldives will be increased from December 1. The new fees will be as follows:
- Economy Class: Increase from $30 (approximately Rs 2,532) to $50 (approximately Rs 4,220)
- Business Class: Increase from $60 (approximately Rs 5,064) to $120 (approximately Rs 10,129)
- First Class: Increase from $90 (approximately Rs 7,597) to $240 (approximately Rs 20,257)
- Private jet passenger: increased from $120 (approximately Rs 10,129) to $480 (approximately Rs 40,515)
This increase will make traveling to Maldives a bit expensive. If you’re planning to visit the Maldives, include this additional expense in your budget.
New rules for digital messages
Under the new rules of TRAI, there will be a change in the way of sending commercial messages and OTP from December 1. The main objective of these rules is to make digital communication secure. Key points of the new rules:
- Every commercial message can be tracked
- Additional security layer will be added to the process of sending OTP
- AI will be used to stop spam and phishing messages
These rules will provide customers with a secure digital experience, but initially there may be a slight delay in receiving the OTP.
Impact of changes in credit card rules
Changes in SBI credit card rules will affect cardholders in the following ways:
- People spending on digital gaming will no longer get reward points
- The habit of spending on online gaming may be banned
- Cardholders may have to change their spending habits
- Spending in other categories for reward points may increase
This change will be applicable to 48 credit cards of SBI. With this the bank wants to reduce unnecessary expenses on digital gaming. Cardholders are advised to review their spending habits and change them if needed.
Impact of LPG price changes
Changes in the prices of LPG gas cylinders will affect every household. Its effect can be understood like this:
- If prices rise:
- Pressure on domestic budget will increase
- cooking expenses will increase
- Some families may turn to alternative fuels
- If prices fall:
- Families will get relief
- The scope for savings will increase
- Gas usage may increase
The government is likely not to change the prices of subsidized cylinders. However, there may be changes in commercial cylinder prices, which will impact businesses like restaurants and hotels.
impact of bank holidays
The closure of banks for 17 days in December will affect the daily lives of people. Its effect can be understood like this:
- People in need of cash will have to plan in advance
- Check clearance may be delayed
- There may be delays in bank related work
- Use of digital mediums like online banking and UPI may increase
People are advised to complete their important banking work in advance. Also, use digital banking services that are available 24×7.
Effect of change in ATF prices
Changes in Aviation Turbine Fuel (ATF) prices will have a direct impact on air travel. Its effect can be understood like this:
- If prices rise:
- Air ticket prices may increase
- Airlines may increase their expenses
- The number of passengers may decrease
- If prices fall:
- Air travel can become cheaper
- Airlines can start new routes
- Number of passengers may increase
ATF prices impact not only passengers but the entire aviation sector. Therefore, everyone will keep an eye on this change.
Disclaimer
Disclaimer: The information provided in this article is for general information purposes and has been collected from various government and non-government sources. However, it is important to note that rules and policies are subject to change and may even change at the last minute.
The final decision on issues like LPG prices, bank holidays and ATF prices are taken by the concerned authorities and are subject to change. Similarly, changes in credit card rules and telecom rules depend on the decisions of the respective companies and regulatory bodies.
Readers are advised to consult relevant authorities or experts and obtain latest information before taking any important decisions. This article provides general information only and should not be construed as legal, financial or business advice.
