Four new rules that will have an impact on your wallet

For most, 2020 has been a year unlike any. From floods to fires and then to the pandemic that has brought the world to its knees, the leap year has been nothing short of a whirlwind.

The pandemic, in particular, showcased the reeling inequalities both in India and across the world and has had huge ramifications to the way in which people deal with their finances.

Over the year, India saw a number of rule changes and developments in the finance sector, some enacted, and some to be effective from 2021. While the price of some commodities skyrocketed and continues to do so, others have plummeted.