As we gear up for the onset of November 2023, a series of pivotal shifts are on the horizon, and they are bound to have a direct impact on your wallet. It’s essential to be informed about these changes to safeguard oneself from unforeseen losses. These changes span across multiple domains – from the pricing of LPG cooking gas cylinders to rules linked with LIC policies and stock market investments. Here’s a deeper dive into what you can expect:
1. Important Update for Stock Market Investors:
The country’s premier stock exchange has made a significant decision that’ll come into play from 1st November 2023. Trading related charges will see an increase. Specifically, these changes will be applicable primarily to the S&P BSE Sensex options. Transaction charges will be structured as follows:
- For a turnover up to ₹3 crore: ₹500 per crore
- For turnovers between ₹3 crore to ₹100 crore: ₹3,750 per crore
- For turnovers between ₹100 crore to ₹750 crore: ₹3,500 per crore
- Turnovers ranging from ₹750 crore to ₹1,500 crore: ₹3,000 per crore
- For turnovers between ₹1,500 crore to ₹2,000 crore: ₹2,500 per crore
- And for turnovers exceeding ₹2,000 crore: ₹2,000 per crore
2. Significant News for LIC Policyholders:
Many individuals purchase LIC policies but occasionally fail to pay their premiums on time, leading to a lapse in their policies. To address this and offer a solution, LIC has initiated a special revival campaign. This limited-time opportunity will only be active until 31st October. Policyholders can renew their lapsed policies through the official LIC website (licindia.in). However, this special campaign will not be available from 1st November onwards.
3. Possible Revision in Cooking Gas Prices:
Every month, on the first day, oil marketing companies review the pricing of LPG gas cylinders. While the price of the cylinder could increase or decrease based on this review, it’s also possible that there might be no change at all. However, a review of the pricing is a guaranteed monthly event.
As we move forward, it’s crucial to stay updated and make informed decisions based on these changes, ensuring that one remains prepared and avoids potential pitfalls.
