These modifications goal to reinforce governance and person safety, requiring people and companies to adapt
Starting December 1, 2024, India will implement a number of regulatory updates throughout varied sectors, together with telecom, tourism, and banking. These modifications goal to reinforce governance and person safety, requiring people and companies to adapt.
TRAI’s New Rule
To fight fraudulent OTPs utilized by scammers, the Telecom Regulatory Authority of India (TRAI) has mandated telecom firms to allow message traceability. The directive’s deadline is November 30, 2024, after an extension from October 31. TRAI clarified that studies suggesting delays in OTP supply as a result of this transformation are “factually incorrect.”
Gas Cylinder Price Updates
Oil advertising and marketing firms (OMCs) will revise LPG cylinder costs as common on December 1. In October, the value of 19 kg industrial LPG cylinders elevated by Rs 48, whereas home gasoline cylinder charges remained unchanged.
Credit Card Rule Changes
Several banks are updating their bank card insurance policies.
YES Bank: Limits on reward level redemptions for flights and lodges will apply.
HDFC Bank: Regalia cardholders should spend Rs 1 lakh per quarter to qualify for lounge entry.
SBI and Axis Bank: Revised reward level insurance policies and elevated fees for sure bank cards.
Maldives Hikes Departure Fees
The Maldives, a favorite journey vacation spot for a lot of, will enhance departure fees for vacationers. Economy-class passengers will now pay $50 (Rs 4,220), up from $30 (Rs 2,532), whereas business-class fees rise to $120 (Rs 10,129) from $60 (Rs 5,064). First-class fees soar from $90 (Rs 7,597) to $240 (Rs 20,257), and personal jet passengers face a steep hike from $120 (Rs 10,129) to $480 (Rs 40,515).
