Overview

• NPCI will shut the UPI “collect” or pull request feature from October 1 to cut a common fraud vector.
• Non-government NPS subscribers can allocate up to 100% to equities under a new Multiple Scheme Framework, with higher market risk noted.
• NPS rules add flexibility by allowing multiple schemes under one PRAN, exit after 15 years, and easier partial withdrawals for housing, education or medical needs.
• IRCTC will require Aadhaar verification for access, with Aadhaar-verified users getting the first 15 minutes of booking while agents are blocked in that window.
• An automatic GST refund system will enable quick refunds of up to 90% of eligible ITC with mandatory Aadhaar authentication, alongside compliance changes such as no auto-populated GSTR-2B, penalties for e-commerce operators, and specified refund exclusions; a new regime will also tighten oversight of real-money online gaming.