Overview
- PANs not linked to Aadhaar by the December 31 deadline risk becoming inoperative from today, restricting tax filings, refunds and access to key banking and government services.
- Commercial LPG cylinder prices have risen by Rs 111 from January 1, while aviation turbine fuel prices were cut by about 7.3% in Delhi; domestic LPG rates remain unchanged.
- The 8th Pay Commission term begins today, but any salary or pension changes will follow the commission’s recommendations and Union Cabinet approval, a process expected after May 2027.
- The government will notify redesigned income tax return forms in January to apply from April 1, 2026, and credit bureaus are set to shift to weekly data updates starting that same date.
- Major lenders including SBI, HDFC Bank and PNB have implemented lower loan interest rates at the start of the year, offering some relief to borrowers.