Overview
- Passport application charges rose on July 1, 2026, with a 36‑page standard booklet moving from ₹1,500 to ₹2,500 and Tatkaal and 60‑page fees also increased, reflecting the first major revision since 2012.
- The Unique Identification Authority of India has waived the ₹75 charge for updating the email linked to Aadhaar through the mobile app from July 1 until December 31, 2026, allowing holders to update contact details free of cost during that six‑month window.
- The Reserve Bank of India’s anti‑mis‑selling framework took effect on July 1, 2026, requiring banks to demonstrate product suitability and giving customers routes to full refunds and compensation if a product was sold improperly.
- EPFO completed a June 26–30 system migration and restored online member services from July 1, 2026, and the organisation has signalled an EPFO 3.0 rollout is expected in early July that would permit faster PF withdrawals via UPI and ATMs though a formal schedule is still pending.
- Household and business costs shifted: oil marketing firms cut 19‑kg commercial LPG prices from July 1 easing expenses for restaurants and caterers, several automakers raised vehicle prices citing input costs, banks tightened credit‑card reward and lounge rules, and Indian Railways increased fines; taxpayers also face a July 31 deadline to file ITR‑1/ITR‑2 to avoid late penalties.