Several important updates have come into effect from May 1, impacting everyday expenses and major sectors.
From a sharp rise in commercial gas cylinder prices to record GST collections, here’s a quick and simple breakdown of the biggest news.
Commercial Gas Cylinder Prices Shoot Up
Commercial LPG cylinders have become much more expensive from May 1.
The price has increased by ₹994, making a cylinder cost around ₹3,071.50 in Delhi.
The 5-kg Free Trade LPG (FTL) cylinder, also known as the “Chhotu” cylinder, has also become costlier by ₹261.
Its new refill price is ₹813.50.
GST Collections Hit All-Time High
India’s GST collections have reached a new record.
In April, total GST collection stood at ₹2.42 lakh crore.
This is 8.7% higher than last year’s April collection of ₹2.23 lakh crore.
This rise usually happens because companies settle their yearly tax payments after closing accounts in March.
Stock Market Update and Other Key Highlights
Here are some quick updates you should know:
The stock market is closed today
Petrol and diesel prices remain unchanged
Kotak Mahindra Bank and DMart will announce their fourth-quarter results
New Portal for PF Users and Pension Update
There is good news for employees and pensioners linked to Employees’ Provident Fund Organisation (EPFO).
A new portal called “e-Praapti” will soon help users track old or inactive PF accounts.
Even people without a UAN number will be able to withdraw their money through this platform.
At the same time, the government is also considering increasing the minimum monthly pension under the EPS-95 scheme to ₹7,500.
Air India to Cut Flights
Air India is planning to reduce its flights by around 10%.
The airline may cut nearly 100 flights per day starting from its winter schedule in October.
This decision has been taken due to rising fuel prices and a shortage of spare parts.
Flights to Australia, Europe, and the US may be affected.
New Rules for Online Gaming
The government has introduced new rules for the online gaming industry from May 1.
Under the “Online Gaming Rules 2026,” money-based games have been banned, while e-sports will be promoted.
Companies that break these rules may face heavy fines of up to ₹2 crore.
What This Means for You
These changes can directly impact your daily life, from higher gas costs to new rules in gaming and updates in PF withdrawals.
