India Implements Major Regulatory Changes from January 1, 2026
Starting January 1, 2026, India will roll out significant updates including weekly credit score reports for better financial monitoring. PAN-Aadhaar linking becomes mandatory for accessing most banking and government services, with non-compliance risking account restrictions. Banks will impose stricter checks on UPI transactions to curb fraud, alongside tightened SIM verification for apps like WhatsApp and Telegram. The 8th Pay Commission is set to take effect, potentially revising salaries for central and state government employees as the 7th Pay Commission's term ends. Farmers must obtain unique IDs for PM-Kisan payments, while PM Crop Insurance now covers wild animal damage if reported within 72 hours. LPG, commercial gas, and aviation fuel prices will be revised, possibly impacting household and travel costs. Cities like Delhi and Noida may restrict petrol/diesel commercial vehicles to reduce pollution.[1][2][3][4]
Try the question
Which scheme now covers crop damage by wild animals under new rules effective January 1, 2026?
Answer: (c) PM Crop Insurance Scheme
The correct answer is (c) PM Crop Insurance Scheme.