Delhi's new Electric Vehicle Policy 2026 will be implemented entirely through an online portal with real-time monitoring capabilities, as confirmed by Transport Minister Pankaj Singh on Thursday. According to Minister Singh, the policy will handle approvals of vehicle models, processing of purchase and scrapping incentives, and exemptions for eligible vehicles in a completely digital and time-bound manner. The minister emphasized that the operational guidelines include a single-window portal for approval of eligible EV models, submission and processing of purchase and scrapping incentive applications, exemption from no-entry restrictions for N2 electric goods vehicles, publication of approved models, application tracking and real-time monitoring. Minister Singh has asked officials to adhere to prescribed timelines to ensure transparent and time-bound processing of approvals, incentives and exemptions.
Several significant policy changes took effect from July 1, including substantial improvements to rural employment programs and commercial fuel pricing. According to reports from Business Standard, the VB-G RAM G Act replaced MGNREGA with enhanced benefits for rural workers. The national average wage increased from ₹298.8 per day to ₹327.4 per day, representing an average rise of ₹28.6. A new minimum base wage of ₹300 per day has been introduced, while the statutory employment guarantee has been raised from 100 days to 125 days for eligible rural households.
Delhi's new Electric Vehicle Policy 2026 came into effect from July 1, targeting investments of around ₹15,000 crore over four years. As reported by Business Standard, electric cars priced up to ₹30 lakh and registered in Delhi will receive full exemption from road tax and registration fees. The policy also provides incentives for electric two-wheelers and auto-rickshaws, with support for replacing older vehicles with electric alternatives. The policy was approved by Delhi cabinet on Monday and will remain in force until March 31, 2030, ensuring long-term commitment to electric mobility adoption. Transport Minister Pankaj Singh held a review meeting with transport department officials on Thursday to finalize the operational guidelines of the policy.
The government implemented significant changes to fuel pricing and export duties from July 1. According to Business Standard, commercial LPG cylinder prices were reduced by ₹183.50, with commercial cylinders now costing ₹2,930 in Delhi and ₹2,884 in Mumbai. Export duties on petroleum products were also revised, with diesel export duty reduced to ₹8.5 per litre from ₹14 per litre and aviation turbine fuel duty lowered to ₹7.5 per litre from ₹12.5 per litre. Meanwhile, petrol export duty was increased to ₹4 per litre from ₹1.5 per litre to maintain domestic supply.
The Reserve Bank of India implemented stricter anti-miselling rules effective from July 1, designed to prevent financial product misselling. As reported by Business Standard, the new framework requires banks to refund customers and compensate them if financial loss results from misselling. The rules also limit promotional and telemarketing calls to between 9 am and 6 pm. Additionally, new RBI norms for capital market participants require bank guarantees for proprietary trading firms and stock brokers to be fully backed by collateral, with at least half maintained in cash.
