1 August New Rules 2026: With the beginning of the month of August, many big rules have come into effect across the country from 1st August. These changes will have a direct impact on the pockets and everyday life of common people. New prices of commercial LPG cylinders and petrol and diesel have come into effect from today. There has been a change in the Tatkal ticket booking system of Railways, there will be a penalty for late filing of ITR and Aadhaar CKYC 2.0 has also been implemented. Apart from this, many important changes including speed post, bank holidays, and buyback rules of SEBI are applicable from today.
10 big changes implemented from August 1
1. Commercial LPG cylinder becomes cheaper
Government oil companies (IOCL, BPCL and HPCL) have implemented new rates of LPG cylinders from August 1. Giving huge relief to commercial consumers, there has been a big reduction in the price of 19 kg commercial LPG cylinder.
Commercial cylinder has become cheaper by Rs 209 in Kolkata and by Rs 202 in Delhi. After this, its price has become Rs 2,872.50 in Kolkata and Rs 2,738 in Delhi. However, there has been no change in the prices of 14.2 kg domestic LPG cylinder.
2. New rates of petrol and diesel released
Government oil companies have also released new rates of petrol and diesel this morning. There is no change in prices across the country today. In Delhi, petrol is stable at Rs 102.12 and diesel at Rs 95.20 per liter. However, due to VAT, minor changes have been seen in some cities.
3. New token system for Tatkal ticket booking implemented
From today, a new token system has been implemented for booking Tatkal tickets at the Railway Reservation Counter. Now passengers will get tokens first and tickets will be booked in that order. This is expected to reduce long lines and chaos.
4. Penalty will be imposed for late filing of ITR
After the deadline of July 31, eligible taxpayers who file ITR-1 and ITR-2 late may have to pay late fees. At the same time, for those taxpayers filing ITR-3 and ITR-4, whose accounts are not required to be audited, the last date for them is 31st August. Under Section 234F of the Income Tax Act, late fees of up to Rs 5,000 can be imposed.
5. Aadhaar based CKYC 2.0 implemented
From today, banks, insurance companies and mutual fund houses have started implementing CKYC 2.0. With this, KYC information can be obtained directly from the central registry on the basis of digital consent of the customers and the need for repeated submission of documents will be reduced.
6. New rules and new rates of Speed Post implemented
From today, new categories of speed post and new charges have come into effect. Aadhaar, PAN, passbook, checkbook and other government documents will now come under the ‘Documents’ category. The remaining goods will remain in the parcel category.
7. Banks will remain closed for 14 days in August
In the month of August, banks will remain closed for a total of 14 days including Sunday, second and fourth Saturday, Independence Day, Rakshabandhan, Janmashtami and festivals of various states. However, holidays will not be the same in all states, so please check the RBI holiday list of your city.
8. New stock limit imposed on sugar
New stock limit has been implemented on Chinese dealers from today. Now no dealer will be able to keep sugar stock for more than 30 days and more than 4,000 quintals. This rule will remain effective till 30 November 2026.
9. Smart card mandatory for free bus travel in Delhi
Pink Saheli Smart Card has become mandatory for women in Delhi from today to avail the benefit of free bus travel. The free ticket will be issued only after tapping the card in the bus.
10. SEBI’s new buyback rule implemented
SEBI’s new buyback rule has also become effective from today. Now listed companies will be able to buyback only a maximum of 15% of their total paid-up capital. Also, the entire process will have to be completed within 66 working days. The purpose of the new rule is to increase transparency and better protect the interests of investors.
