Prices of LGP cylinders are likely to go up from October 1 owing to Central government’s planned changes to the scheme related to their subsidy. An internal assessment by the government has shown that consumers are willing to pay Rs 1,000 per LPG cylinder, according to a media report, indicating that the government is planning yet another hike in the prices of gas cylinders.

LPG cylinder prices

There likely change in the prices of LPG cylinders will come into effect from October 1 as new prices of domestic LPG and commercial cylinders are fixed on the first date of every month.

The government is currently the option of selling cylinders without any subsidy to any consumers or announce subsidies only for select consumers, according to Zee News. 

Opposition parties including the Congress have criticised the government over the rise in the petrol, diesel and LPG prices.

Change in Pension (Pension Rules)

The rules related to Digital Life Certificate will change from October 1. Now all the elderly pensioners of the country whose age is 80 years or more, can submit the digital life certificate in the Jeevan Pramaan Center of all the head offices of the country. The deadline has been set at November 30.

Checkbook rules

Checkbook and MICR code of three banks, Oriental Bank of Commerce (OBC), United Bank of India and Allahabad Bank, will be invalid from October 1. These banks have recently merged with other banks. Due to the change in the account numbers, IFSC and MIC codes of the account holders, the banking system will reject the old checkbooks from October 1, 2020.

Auto debit card rules

From October 1, the new rules of Reserve Bank of India will be applicable for auto debit from your credit or debit card. Under this, certain auto debits from debit or credit cards or mobile wallets will not take place unless the customer has the approval.