Changing the regulations as of June 1, 2023: With the appearance of June, a large number of changes are not too far off, ready to impact the monetary conditions of ordinary people straightforwardly.
Oil companies are adjusting the prices of LPG gas cylinders to begin this month, possibly extending their adjustments to the prices of PNG and CNG as well. Normally, these choices bear huge ramifications for the overall population. The following is a list of changes to the rules that will take effect immediately.
- CNG, PNG, and gas cylinder prices that fluctuate:
Oil companies adjust the prices of LPG, CNG, and PNG on a monthly basis. Let’s examine the previous two months: The price of LPG cylinders did not change, but the price of commercial gas cylinders did decrease in April and May. However, in June, oil companies might alter gas prices in some ways.
- 100-day, 100-payment campaign by the RBI:
The Reserve Bank of India (RBI) has launched a 100-day, ambitious campaign aimed at returning unclaimed funds. Within the aforementioned one hundred-day period, the RBI has instructed banks to reimburse at least one hundred deposit holders in each district who have not claimed their deposits.
The RBI hopes to address the growing problem of unclaimed and dormant funds by starting this project.
- Electric two-wheelers will become more pricey:
Be prepared for some unpleasant news if you have been considering purchasing an electric two-wheeler in the upcoming month. The price of electric two-wheelers is expected to rise tomorrow, June 1, 2023. On May 21, 2023, the Ministry of Heavy Industry issued a notification announcing the government’s decision to reduce these vehicles’ subsidies.
Beforehand, a sponsorship of Rs 15,000 for each kilowatt was accessible, however it has now been cut to Rs 10,000. As a result, starting in June 2023, electric two-wheelers will cost a staggering Rs 25,000 to Rs 30,000 more to buy than they currently do.
- Testing for cough syrups is required:
Since the beginning of June, the Drug Controller General of India (DCGI) has mandated that all cough syrups that are exported from the nation must undergo extensive testing.
Before exporting medicines, drug exporters will be required to submit their products to government laboratory testing and provide test results. They will only be permitted to proceed with the exportation if they satisfy this requirement.
