New Delhi, Oct 1
: Here some changes which can impact your financial decisions and finances from today.
External benchmarking of loans:
All floating rate loans, i.e., personal, housing, auto etc. given by banks from October 1, have to be linked to an external benchmark.
The external benchmark can be RBI's repo rate, 3 or 6 month treasury bill yield or any other market interest rate benchmark published by the Financial Benchmarks India (FBIL).
DIN or unique number for IT notices
Starting from October 1, all income tax notices, letters or any other official tax related correspondence will carry a unique number called 'Document Identification Number' or DIN. which will be computer generated and will be verifiable on the income tax department's e-filing website.
No cashback on credit card for fuel payments:
Now you won't get any discount which was earlier given on credit card payments made to buy fuel at petrol pumps.
Government pensioners:
After the government's amended of the Central Civil Services (Pension) rules, now the families of government employees who passed away before completing seven years of service, will also be eligible for enhanced pension.
Selling of travel insurance via online ticket portals:
IRDAI has imposed curbs on selling of travel insurance as pre-selected default option at the time of buying of tickets on online portals.
LPG cylinder price:
Prices of non-subsidised LPG
cylinder has been increased by Rs 15 per cylinder from today.
Hotel fare will be reduced:
The GST (goods and services tax) rate on hotel rooms with tariffs of up to Rs 7,500 per night has been cut to 12 per cent from the existing 18 per cent. Similarly, the tax on rooms with tariff above Rs 7,500 has been slashed to 18 per cent from the existing 28 per cent. There will be no GST on rooms with tariffs below Rs 1,000 per night.
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