New Rules: Regulatory changes occur frequently at the beginning of each month. These significantly affect consumers’ wallets. Numerous regulations will be altered starting on 1 December 2024, and they hold significant importance for consumers. These rules cover aspects ranging from your domestic gas to banking, telecom, and tourism.
TRAI initiative
Frauds are frequently caused by questionable OTPs, resulting in draining individuals’ bank accounts. However, identifying the scammers in these situations can be extremely challenging. TRAI has now requested telecom companies in India to offer message traceability. This implies that telecom companies must make provisions to determine the origin of a message. If companies fail to comply with this regulation, users may not receive OTP or experience delays.
The Maldives is a top choice for many tourists, particularly those from India. However, the cost of visiting this group of islands is now going to increase. The cost for travelers in economy class will now go up from $30 (Rs 2,532) to $50 (Rs 4,220). Business-class passengers will now need to pay double the amount at $120 (Rs 10,129) instead of $60 (Rs 5,064) simultaneously. Simultaneously, first class passengers will be required to pay $240 (Rs 20,257) as opposed to $90 (Rs 7,597). Passengers on private jets will now be charged four times the previous amount, increasing to $480 (Rs 40,515) from $120 (Rs 10,129).
Gas Cylinder Price Update
Every month on the first day, gas cylinder prices are adjusted by oil marketing companies. This pattern will persist on 1 December too. Over the past few months, there have been multiple revisions in the prices of commercial gas cylinders, while the price of domestic gas cylinders has stayed unchanged. Oil companies also adjust the pricing of aviation fuel monthly, specifically on the 1st day of each month. Derived from this, flight ticket prices are determined.