As December begins, the nation is set to experience several significant changes starting from the first of the month. These updates will directly affect everything from household kitchens to the pensions of retirees. On one hand, oil marketing companies are expected to revise the prices of LPG cylinders (LPG Cylinder Price). Additionally, changes in aviation fuel prices are anticipated. Here are six significant changes taking effect from the 1st...
First Change - LPG Cylinder Prices
The initial change relates directly to household budgets. Oil companies typically update LPG prices on the first of every month and are likely to release new rates on December 1st. Recently, the 19-kilogram LPG Gas Cylinder Price saw multiple adjustments. On November 1st, its price was reduced by 6.50 Rupees. While domestic 14-kilogram gas cylinder prices have been stable for a long time, expectations for a change in these prices at the year-end are high.
Source: aajtak
Second Change - ATF Prices Adjustments
Oil companies not only revise LPG prices but also set new rates for aviation turbine fuel (ATF) at the start of every month. On December 1st, 2025, these changes could impact the wallets of air travelers. Additionally, announcements regarding changes in CNG and PNG prices could take place.
Third Change - Deadline for Choosing UPS
The third significant change involves government employees. The deadline to opt for the Unified Pension Scheme (UPS) was extended from September 30th to November 30th, and today marks the last chance. Any government employee must choose between NPS and UPS by the deadline; failing which they lose the option post December 1st.
Fourth Change - Pension Continuity at Stake!
Among the changes at the end of December 2025 is an alteration concerning the pensions of senior citizens. Life certificates must be submitted to ensure continued pension disbursement, and today is the final opportunity as the deadline is November 30th. Without any further extension, pension disruptions may occur.
Source: aajtak
Fifth Change - Tax Regulations
The next change revolves around taxes. If TDS deductions have occurred in October, then submission of statements under sections 194-IA, 194-IB, 194M, and 194S is a must. This cannot be done post December 1st. For those needing to submit reports under section 92E, November 30th is the income tax department's deadline.
Sixth Change: Extensive Bank Holidays
If you have bank-related tasks, be aware of extensive holidays in December. According to the RBI's holiday list, December starts with a holiday. Combining the second and fourth Saturdays with the weekly Sunday off, banks will be closed for a total of 17 days in December. Note that these holidays vary by state, so checking the RBI Bank Holiday List before heading out is advisable.
