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Changes in Rules from 1st June 2023: How These Rules Will Directly Impact Your Finances

Changes in Rules from 1st June 2023: Starting from 1st June 2023, several important rules that impact your daily life are set to change. One of the significant changes is the potential increase in the price of LPG gas cylinders on the first day of each month. Additionally, there will be adjustments in the prices of PNG (Piped Natural Gas) and CNG (Compressed Natural Gas). These changes will have a direct impact on your financial situation. Let’s take a look at the specific changes that will come into effect from 1st June.

There are several important changes taking place from 1st June that will impact various aspects of our daily lives. Here are a few key updates to be aware of:

Price changes for LPG, CNG, and PNG

The government regularly determines the prices of LPG, CNG, and PNG. While there have been reductions in the prices of commercial gas cylinders weighing 19 kg during April and May, the price of the 14 kg cylinder has remained unchanged. It remains to be seen if there will be any alterations in cylinder prices in June.

Increase in cost of electric two-wheelers

As of 1st June, the Ministry of Heavy Industry has announced a reduction in the subsidy for electric two-wheelers. The subsidy has decreased from Rs 15,000 per kilowatt hour to Rs 10,000 per kilowatt hour. This change means that purchasing an electric two-wheeler in June may result in an additional expenditure of approximately Rs 25,000 to Rs 30,000.

Launch of the “100 Din 100 Payment” campaign

Starting on 1st June, the “100 Din 100 Payment” campaign will begin. The objective of this initiative is to enable banks to identify the top unclaimed deposits in each district within 100 days and facilitate their settlement. The Reserve Bank of India has taken this step to reduce the burden of unclaimed deposits in the banking system and ensure they are returned to their rightful owners or claimants.

Mandatory testing of cough syrup befor export

The Drug Controller General of India (DCGI) has made it mandatory for cough syrup manufacturing companies to have their products tested before export. Starting from 1st June, cough syrup exporters will need to undergo tests in government labs to ensure compliance. Only after passing the required tests will they be permitted to export their products.


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