India to Roll Out Five Major Policy Changes on 1 August, Impacting LPG, Banking, Railways and GST

The Indian government has announced that five major policy changes will take effect on 1 August, reshaping several key sectors. The first change involves the pricing and distribution of Liquefied Petroleum Gas (LPG), aiming to streamline subsidies and improve consumer access. Banking regulations will also be revised, introducing new compliance norms for digital transactions and customer data protection. Railway services are set to see operational adjustments, including updated fare structures and enhanced safety protocols. Finally, a new GST rule will modify tax rates on certain goods, affecting both businesses and consumers across the country.