Electronic payment systems enabling direct, traceable government payments and automated reconciliation to replace cheque-based disbursements.
The central government inaugurated a security compliant, digital signature-based electronic payment system and a Government Electronic Payment Gateway (GePG) developed with NIC and banks to replace cheque-based payments with direct electronic credits, enable automated processing and bank reconciliation, create a transparent, trackable payment trail, reduce transaction and administrative costs and leakages, support direct subsidy transfers, and require IT certification, staff training and capacity building for nationwide rollout.

Loan agreement for dedicated freight corridor expands rail capacity with long term IBRD financing and structured repayment terms.
A loan agreement with IBRD finances the first phase of the Eastern Dedicated Freight Corridor, funding the 343 kilometer Khurja-Kanpur section to increase freight capacity, raise axle loads to 25 tons, enable speeds up to 100 km/h, operate entirely with electric traction, and build DFCCIL and Ministry of Railways institutional capacity; the IBRD loan is provided on long term terms including a multi decade maturity and an initial grace period, and the project is presented as delivering significant greenhouse gas reductions versus non DFC alternatives.

Electronic payment gateway implementation increases transparency and enables paperless direct credit to beneficiaries' bank accounts.
The Government e-Payment Gateway creates a secured electronic mechanism whereby PAOs upload digitally signed e-advices that banks download to credit beneficiaries through CBS/NEFT/RTGS, replacing physical cheques, enabling online reconciliation, reducing transaction costs, expediting central payments (including subsidies), and promoting paperless, green banking across Central Government ministries and departments.

Monetary policy tightening aims to curb inflationary expectations while preserving room for later growth recovery.
The Reserve Bank implemented a measured monetary policy tightening by raising policy rates to reinforce commitment to tempering headline inflation and curbing inflationary expectations, accepting that such rate adjustment will affect credit costs and investment growth. The Finance Minister described the move as helping restore a more comfortable inflation trajectory while leaving scope for growth to pick up later in the fiscal year and indicated that the Government will explore measures to bolster investment sentiment.

IMF quota increase secures a higher national quota and elevates India's ranking among IMF quota shareholders.
Approval is recorded for governmental consent to an increase in India's quota in the IMF under the Fourteenth General Review of Quotas, which, when effective, raises India's quota share from 2.44% to 2.75%-moving India to the eighth largest quota holder-and increases its quota in absolute terms from SDR 5,821.5 million to SDR 13,114.4 million.

Interest subvention on housing loans expanded to higher loan and house-cost limits, raising borrower subsidy and national implementation.
Cabinet expanded the 1% interest subvention scheme by increasing eligible housing loan limit to Rs.15 lakh where house cost does not exceed Rs.25 lakh, designating the National Housing Bank as nodal agency for both scheduled commercial banks and housing finance companies, and providing a budgetary allocation for the financial year to support implementation; the change raises the maximum per-borrower subsidy entitlement on a reducing-balance basis compared with the previous loan ceiling.

Bilateral Investment Promotion Agreement promotes investor framework and enables prioritized infrastructure and trade facilitation.
India committed to support development projects in Nepal contingent on Nepali prioritisation. Construction of Integrated Check Posts on the Indo-Nepal border has begun on the Indian side and India urged Nepal to expedite completion to improve customs and immigration processing. The Bilateral Investment Promotion Agreement was noted as providing an institutional framework for investors, while India requested Nepal ensure the safety of Indian businessmen; Nepal assured security and sought support for project completion and expedited finalisation of a Double Taxation Avoidance Agreement.

Goods and Services Tax: seeks state cooperation for constitutional amendment to enable comprehensive national tax reform.
The address urges pursuit of fiscal consolidation while enhancing expenditure quality, calls for state cooperation on legislative tax reforms including the Direct Tax Code and a Goods and Services Tax requiring constitutional amendment, and prioritises finalising a National Food Security Act with Centre-State joint implementation and PDS computerization to reduce leakages.

Coordination between monetary and fiscal policies urged to bolster economic stability and sustainable growth amid global sovereign debt strains.
Emphasis on enhanced coordination between monetary and fiscal policies to bolster economic stability and growth amid global sovereign debt pressures, coupled with reliance on the banking sector to sustain credit flow. Complementary measures include implementing Financial Inclusion Plans, expanding branches and ATMs, adopting technology such as core banking and mobile services, and targeted rural initiatives to extend banking access to underserved habitations.

Publication of tax defaulters' names to proceed after show cause notices and asset verification process is completed.
The Income Tax department will issue show cause notices to assessees reporting no assets or inadequate assets for recovery, asking why their names should not be published; after considering replies each case will be decided on merit and names may be published in newspapers and online. The department identified cases using data from the Financial Intelligence Unit and enforcement agencies, with a CBDT committee examining categories of "assessees not traceable" and "no assets/inadequate assets for recovery," and will proceed in phased disclosures while gathering more information on not-traceable assessees.

Tax Accounting Standards provide binding rules for taxable income computation, removing alternatives and easing IFRS transition.
The CBDT's discussion paper proposes Tax Accounting Standards (TAS) to govern computation of taxable income under the Income Tax Act, removing alternative accounting treatments, providing certainty on tax accounting issues, facilitating transition to IFRS, and remaining distinct from company-law standards while not requiring separate books of account.

E-filing requirement for foreign investment approvals improves transparency and expedites processing under the FIPB framework.
The Foreign Investment Promotion Board operates as the single window clearance for non-automatic FDI proposals, providing inter-ministerial review and investor-friendly interpretation while recommendations are processed through Ministerial or collective executive approval; a mandatory e-filing facility has been introduced to improve efficiency, transparency and responsiveness and the Secretariat invites suggestions to refine the e-filing system and FIPB procedures.

Public Private Partnership appraisal: centralized clearance and standardized contracts to ensure commercial robustness and capped contingent liabilities.
A structured institutional framework requires strengthened PPP nodal agencies (PPP Cells) to identify and develop projects, commission consultants and pre feasibility studies, manage transparent tendering, develop evaluation guidelines, build capacity, disseminate information, coordinate transactions for efficiency, and monitor implementation. Central government PPP projects must obtain clearance from the PPP Appraisal Committee to ensure commercial robustness, capped contingent liabilities and protection of user and public interests, with encouragement to use standardized contractual and bidding documents allocating risks and setting performance standards. Oversight and audit obligations remain under applicable law, covering selection, payments, quality monitoring, Value for Money analyses and contract compliance, while regulation of natural monopoly services will be through independent regulators or contractual arrangements, respecting existing contract provisions.

PPP enabling frameworks strengthen financing, land provision, capacity building and stakeholder engagement to support project implementation.
The policy establishes an enabling framework to facilitate PPPs by coordinating financing mechanisms (including Viability Gap Funding, annuity/availability payments, long tenor lending and credit enhancement), supporting equity/debt/hybrid structures and alternative finance sources, permitting considered use of user fees based on cost recovery and affordability, requiring sponsoring agencies to provide unencumbered land or allow bidder proposed acquisition with risk allocation, mandating capacity building through strengthened PPP cells and toolkits, and creating a specialist PPP Cell to provide technical support, independent project review and programme coordination.

Value for Money analysis drives PPP project selection and award, with structured risk allocation and active contract management.
The policy prescribes a four phase PPP process: identification with sector plans, prefeasibility and Value for Money analysis; development with technical, economic, financial, affordability and bankability assessments and clear contractual drafting; procurement through transparent, competitive procedures using model documents and, where needed, competitive dialogue; and active contract management supported by MIS, project monitoring units and strict, transparent rules for any post award renegotiation.

Public-private partnership principles expand transparency and preferred PPP models to enhance project delivery and stakeholder protection.
The policy mandates a life cycle PPP approach to harness private efficiencies for asset creation, maintenance and service delivery, ensure affordable and sustainable services, and manage risks by adopting fair, transparent procurement and governance. It requires formalising preferred PPP models, publishing PPP rules on procurement and contract clauses, enhancing transparency through mandatory disclosures and dispute resolution mechanisms, using market based price discovery where projects grant exclusive resource rights, and providing for contingent liabilities in government budgets.

Public Private Partnership definition: risk allocation, performance linked payments and finite term arrangements guiding supported PPP models.
Public Private Partnership (PPP) is a time bound contractual arrangement between a public sponsor and a private sector entity for providing public assets or services, characterized by defined risk allocation, private financial and/or managerial participation, and performance linked payments benchmarked to predetermined measurable standards. Preferred PPPs retain public ownership of assets with reversion at contract end, and government supports models such as user fee concessions, annuity/availability contracts, performance based management, and modified turnkey arrangements. Unsolicited bids are discouraged due to transparency and bidding asymmetry concerns, with limited exceptions subject to Value for Money analysis and competent authority approval.

Public Private Partnership policy expansion and standardisation to streamline project identification, structuring, procurement and oversight.
Public Private Partnership policy to expand and standardise PPP use for infrastructure by setting principles for project pursuit, appraisal, structuring, awarding and lifecycle management, emphasising value for money, optimal risk allocation, transparent competitive procurement and institutional measures such as appraisal committees, project development support, viability gap funding, long tenor financing and capacity building to strengthen PPP delivery and oversight.

Tax Accounting Standards: standardized tax-specific recognition and measurement rules for construction contracts and government grants.
The document proposes Tax Accounting Standards (TAS) for computing taxable income under the mercantile system, distinct from general accounting standards, with statutory provisions prevailing in case of conflict. TAS apply only for tax computation and not for book maintenance. The TAS for construction contracts prescribes definitions, revenue and cost components, the percentage of completion method for recognition, treatment of early-stage contracts and disclosure obligations. The TAS for government grants sets recognition criteria, measurement rules for grants related to depreciable and non-depreciable assets, treatment of refundable grants, and related disclosure requirements.

Fiscal policy consolidation and anti illicit finance measures to stabilise growth, inflation and public delivery systems.
The address assesses a recent slowdown in GDP growth caused by global commodity price shocks, monetary tightening and weak investment sentiment, notes persistent WPI inflation shifting toward non-food and imported commodities with an expected easing by year-end, and affirms a fiscal consolidation stance while monitoring revenue and expenditure trends. It details market and regulatory responses including liberalization of capital flow and ECB norms, adjustments to FII/QFI limits, export scheme transition, and ongoing legislative and banking-sector reforms. It recounts measures against illicit financial flows through expanded information-exchange treaties and investigations, and endorses systemic governance reforms such as Aadhaar-enabled delivery.