New month and some new rules, this is an event that happens every month and it doesn’t just change your life. Rather, it affects your household budget as well. On one hand, changing the rules has some impact on your work. Sometimes, imposition of a new tax, implementation of new GST rates, etc. affects the prices of many essential goods and services, which affects your pocket.
Today is the first of August. Therefore, even today, due to many rules and regulations, the prices of goods are changing. These will have a direct impact on your household budget. Learn about them once again…
Sales will come first, then shoes and sneakers will become more expensive.
New norms for shoes and slippers will be implemented in the country from August 1, 2024. The new norms have been prepared by the Bureau of Indian Standards (BIS). This will affect everything from manufacturing to retail sales of shoes and slippers. At the same time, setting standards ranging from the raw materials used to manufacture them to their quality will also affect their prices. Therefore, your shoes and slippers are expected to be expensive.
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However, the government has asked for old stocks to be cleared, so offers from big brands are likely to appear in early August. After the new rules, good quality shoes and slippers are expected to be available in the country. These new rules will not apply to small manufacturers.
Change credit card charges
HDFC Bank, the country’s largest private bank, has also announced changes in many rules from August 1. These rules are related to credit cards. From now on, if you pay house rent using bank credit card on third-party fintech or payment apps like Cred, Paytm, MobiKwik and Freecharge etc., the bank will charge you a 1% surcharge.
Now, if you spend more than Rs 15,000 on fuel through HDFC Bank credit card, you will still have to pay 1%. Payments less than that amount will not be charged. A limit of Rs 3,000 per transaction has been set for both fare and fuel payment.
