Several important rules and policies are going to change in India from January 1, 2025, which will affect your daily life in various areas. Let’s take a look at these changes:
1. Guarantee limit for agricultural loans increased:
The guarantee-free agricultural loan limit has been increased from Rs 1.60 lakh to Rs 2 lakh. Small farmers will get special benefits.
2. Banking services timings will change:
Banks’ working hours will be from 9 am to 5 pm. Online banking will be encouraged.
3. Ration Card Rules:
E-KYC will be mandatory for ration card holders from January 1.
Change in income limit: Families with income above ₹3 lakh in urban areas and ₹2 lakh in rural areas will not be eligible for ration.
4. Interest rates on credit cards will increase:
If the bill is not paid on time, interest rates will increase, which can increase from 30 percent to 50 percent.
5. Changes in GST:
New rules for e-way bill will be applicable, and if the seller does not comply with them. Then the input tax credit of the buyer may be at risk. 18% GST will be applicable on the sale of old cars.
6. Changes in Pension Rules:
Changes will be made in the eligibility criteria for widow and disabled pension. Pension beneficiaries will be reviewed regularly.
7. Amazon Prime Membership Terms:
The price of Amazon Prime membership may increase. Additional services will be provided under the new membership.
8. GST on Popcorn
GST will be applicable on popcorn in malls and cinemas, which can be up to 5%, 12% and 18%.
9. Linking Aadhaar Card and PAN Card:
Linking Aadhaar and PAN card will now be mandatory.
10. Changes in GST slabs:
Changes will be made in the GST slabs on certain goods and services.
11. New Pension Scheme:
A new pension scheme will be launched from January 1, 2025, which will have new rules for beneficiaries.
12. Delivery charges under GST:
18% GST will be applicable on delivery charges associated with online purchases.
13. Changes in public sector banks:
Online services will expand in public sector banks, and physical branches may decrease.
14. Shift towards digital education:
New guidelines will be issued regarding online education, which will benefit maximum students.
15. New rules for students:
Changes will be made to the scholarship and scholarship process.
16. Stock market rules:
New rules will come into effect for investing in the stock market, including changes in transaction fees and taxes.
17. Electricity Bill Change:
Online option for electricity bill payment will be encouraged.
18. Waste Disposal Rules:
New rules will be implemented in waste disposal so that the environment can be protected.
19. Insurance Scheme for Natural Disasters:
The government will launch an insurance scheme for areas affected by natural disasters.
20. Tax Return Filing:
New required documents will be prescribed for filing tax returns, and the process will be made easier.
21. International Travel Rules:
Changes will be made to the visa and passport process for international travel.
22. Smart City Scheme:
Under the new changes in the Smart City Scheme, cities will be made more smart and digital.
23. Changes in petrol and diesel prices:
Flexible changes will be made in petrol and diesel prices.
24. Changes in health insurance:
Changes will be made in the rules of health insurance, so that more and more people can take advantage of it.
25. New subsidy under housing schemes:
Changes will be made in housing schemes and new subsidy schemes will be launched for purchasing houses.
The implementation of all these changes will change daily life across the country. It will be important for you to follow these new rules, so that you can avoid any problems and take full advantage of government services.
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