Key Regulatory, Banking And Payment Changes Take Effect Across India From June 1
New Delhi, June 1 -- Several regulatory and operational changes have come into effect from June 1, impacting household expenses, digital payments, banking services, taxation and public transport across the country. PNG Users Required To Surrender LPG Connections One of the major changes relates to domestic cooking fuel. Following amendments to the Liquefied Petroleum Gas (LPG) Regulation Order, households that obtain a Piped Natural Gas (PNG) connection will be required to surrender their existing LPG cylinder connections within 30 days of activation. To facilitate the transition, public sector oil marketing companies have introduced a Connection Transfer Voucher mechanism that allows consumers to restore their LPG connection later if the...
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