New G20 President, Timeline Change For IPOs: 5 Changes Coming Into Effect From Dec 1

From December 1, several changes will come into effect that will impact the day-to-day lives of people across the country.

With the beginning of December, the last month of the year, a number of changes will come into effect that will affect the day-to-day lives of people across the country. From procuring SIM cards to visa-free entry in Malaysia, these changes will make the life easier and more secure for people of the country. Another important change coming into effect will impact your digital life, especially those who have unused Gmail accounts as Google has announced it will delete such accounts.

Change in G20 presidency: Brazil will assume the presidency of the Group of 20 (G20) nations from December 1, 2023. Prime Minister Narendra Modi had in September handed over the presidency to Brazil's President Luiz Inacio Lula da Silva. India will hold the position until November 30, 2023. India's presidency began on December 1, 2022, leading up to the summit in the third quarter of 2023. Brazil will host the G20 in 2024, and South Africa will host it in 2025.

New rules for SIM card purchase: The Department of Telecommunication (DoT) is introducing new rules for buying and selling SIM cards from December 1, in a bid to combat scams and frauds. The new rules will make it mandatory for all SIM card dealers to undergo verification. Failure to comply may result in a fine of Rs 10 lakh. The central government is also tightening the norms for bulk purchase of SIM cards. Only a business connection will be allowed to do so, however, there is no change for rules for an existing individual connection. However, closing a SIM card will render that number applicable to another person only after a 90-day period. SIM selling vendors must register by November 30 to comply with the new rules.