Excise duty increase on petrol and diesel to fund infrastructure, directing additional revenue to road projects effective early January.
The Government increased the Basic Excise Duty on petrol and diesel (branded and unbranded) by a per litre increment to fund an infrastructure programme directed at road construction; the additional revenue is allocated to the road sector to spur construction activity and employment. The revised duty is effective from the night of 1st-2nd January, 2015, and no other excise duty rates on these fuels have been changed.

Cooperative federalism: replacing the Planning Commission with a state partnership think tank to steer strategic policy advice.
Establishment of NITI Aayog replaces the Planning Commission and shifts the centre-state relationship to a partnership model emphasizing cooperative federalism. The Aayog will act as a think tank providing strategic and technical policy advice to central and state governments, improve inter ministerial and centre-state coordination, develop mechanisms for village level planning and aggregation, monitor and evaluate programme implementation, and focus on technology upgradation and capacity building to accelerate the development agenda.