Know which things will be expensive and which will be cheap! – Variousinfo

The new year 2025 is about to come and along with it many important changes are also going to come. These changes will have a direct impact on the pockets of the general public. Be it mobile recharge, electricity bill, or liquor prices, some changes will be seen in every sector.

In this article we will tell you which things will become expensive and which things will become cheaper from January 1, 2025. Besides, we will also give you information about the reasons behind these changes and their effects. This information is very important for you because it will help you plan your budget better and control your expenses.

Major changes to take place in the new year 2025

An overview of the major changes expected in the new year is given in the table below:

Mobile Recharge and Telecom Services

New rules will be applicable for telecom companies from January 1, 2025. Under these rules, companies will have to pay more attention to optical fiber and installation of new mobile towers. This will improve services and make the tower installation process less cumbersome.

Impact of these changes:

• better network coverage
• fast internet speed
• Better connectivity in rural areas

However, these improvements will require companies to invest, which may impact recharge prices.

Possible change in electricity bill

There is a possibility of change in the electricity bill also. However, there is no clear information on this yet. There may be a slight increase in electricity rates in some states, while in some states the rates may remain stable due to subsidy.

Possible reasons for change in electricity bill:

• Fluctuations in fuel prices
• Increase in cost of electricity generation
• Investing in renewable energy sources

Tips for consumers:

• Use energy-efficient appliances
• Adopt measures to save electricity
• Consider alternative energy sources like solar panels

change in liquor prices

Liquor prices may also change. This will depend on the policies of the state governments. Tax on liquor may be increased in some states, while prices may remain stable in some states.

Reasons for change in liquor prices:

• Revenue policies of state governments
• Changes in the cost of wine production
• Fluctuations in demand and supply

Increase in car prices

The prices of cars are also likely to increase in the new year. Many major car companies have announced to increase the prices of their cars by up to 3%.

Companies increasing prices:

• Maruti Suzuki
• mercedes-benz
• BMW
• audi
• Hyundai
• Mahindra

Reasons for increase in prices:

• Increase in raw material prices
• Comply with new safety and emissions standards
• cost of technology upgrades

Tips for buyers:

• If planning to buy a car, it may be beneficial to buy in December 2024
• Take advantage of discounts on older models
• Consider subsidies on electric vehicles

Change in LPG cylinder prices

Oil companies review LPG prices on the first of every month. The price of 19 kg commercial gas cylinder has increased in the last five months. But there is no change in the price of 14.2 kg domestic cylinder.

Reasons for change in LPG prices:

• Fluctuations in crude oil prices in the international market
• changes in foreign exchange rates
• Changes in government subsidy policies

Tips for consumers:

• Adopt gas saving measures
• Consider alternative fuel sources like solar cookers
• Consider taking a Piped Natural Gas (PNG) connection

changes in amazon prime

Amazon India has changed the rules of its Prime membership from January 1, 2025. Now Prime Video can be streamed only on two TVs from one Prime account. For streaming on TV more than this, additional subscription will have to be taken.

Effects of this change:

• More than one member in a family may have to take separate subscriptions
• Content sharing will be banned
• Amazon’s revenue will increase

Options for consumers:

• Subscribe to family plan
• Use other streaming services
• Change your TV watching habits

Changes in GST portal

GSTN has announced three important changes in the GST portal from January 1, 2025. Two of these changes are related to the time limit and validity of the e-way bill. One change relates to secure access to the GST portal.

Impact of changes in GST portal:

• It will be necessary for traders and businessmen to follow the new rules
• There will be changes in the process of e-way bill
• The security of the portal will improve

Tips for traders:

• Stay informed about new rules
• Update your software and processes
• File returns on time and follow rules

Changes in RBI’s FD rules

The Reserve Bank of India (RBI) has also changed the policies related to fixed deposits (FD). These changes will be applicable for NBFC and HFC.

Key points of change in FD rules:

• Rules for taking deposits from the public
• percentage of holding liquid assets
• Rules related to deposit insurance

Impact of these changes:

• Improving financial stability of NBFCs and HFCs
• Better protection of depositors’ interests
• Confidence in the financial sector will increase

Tips for Investors:

• Compare FD rates of different financial institutions
• Keep your investment portfolio diversified
• Also consider other options for long-term investing

Disclaimer:

This article is for informational purposes only. Although we have attempted to provide accurate information, sudden changes in policies and rules may occur. Please consult relevant authorities or experts before taking any important decisions. The author or publisher is not responsible for any damages or consequences caused by the use of this information. All readers are requested to use their discretion and check the latest regulations applicable in their area.