Climate-resilient agriculture financing expands irrigation, crop diversification and aquaculture support for smallholder farmers with long term loan terms.
Loan agreement provides IBRD financing to bolster climate-resilient agriculture for about 125,000 smallholder households across 15 districts by improving access to resilient seeds and production technologies, promoting crop diversification, enhancing water management via rehabilitation of 532 water tanks to expand assured irrigation, supporting aquaculture and post harvest practices, and offering market access support; financing includes a six year grace period and a 24 year maturity.

Tax evasion and money laundering alleged through shell companies and hawala channels, uncovered by search and seizure operations.
Search operations targeted a Delhi-based business group for alleged tax evasion and money laundering, uncovering evidence that funds were routed through shell companies in Delhi and Kolkata and disguised via accommodation entries and hawala channels. Investigators report cross-border commission flows collected in Dubai through offshore shell entities that were layered and laundered back into India through the Delhi group, with search and seizure actions yielding documentary and electronic material indicating large-scale diversion of unaccounted funds.

Tax search and seizure uncovers alleged bogus expenses, over-invoicing and hawala payments; probe and asset seizures continue.
A coordinated search and seizure operation targeted a business group across multiple cities; authorities seized documentary and electronic evidence reportedly showing large-scale bogus expenses, over-invoicing, out-of-books transactions, manipulation of books to suppress taxable profits, and illegal payments routed through hawala channels, with unaccounted assets seized and further investigation ongoing.

Mandatory digital payment acceptance under Section 269SU: invitation for banks and payment providers to apply for prescribed modes.
Section 269SU requires businesses above the turnover threshold to enable acceptance of payments via prescribed electronic modes; the Government will prescribe eligible modes and invites authorised banks and payment system providers to apply for consideration by submitting specified identity, licensing and system descriptions in the prescribed format within the stated timeline.

Undisclosed income and asset seizure in wellness group; investigation targets suppression, offshore diversion and accommodation entries.
A tax search uncovered systematic undisclosed income and off books cash management by a wellness conglomerate: records of cash collections outside accounts, cash receipts from property sales above documented values, and large seizures of cash, foreign currency, jewellery and diamonds. The group invested in domestic and foreign companies including low tax jurisdictions, and investigators found evidence of income diversion to offshore entities and arrangements resembling accommodation entries; investigations into suppression of taxable receipts and related concealment mechanisms are ongoing.

Collective action to restore global growth through structural reforms, financing innovation and strengthened multilateral institution governance.
The Finance Minister urged multilateral collective action to restore global growth and promoted structural reform measures-notably corporate tax reduction, Aadhaar based direct benefit transfers and universal health care-to catalyse investment and inclusive development. She supported New Development Bank membership expansion, recommended recovery mechanisms in the Project Preparation Facility, and cautioned against overreliance on borrowed IMF resources amid stalled quota reviews. The delegation pressed for innovative financing for quality infrastructure, careful handling of debt sustainability so as not to weaken official development assistance, and a holistic, pluralistic approach to universal health care financing.

Controller General of Accounts appointment underscores leadership for PFMS integration and GSTN accounting operationalisation.
Shri J.P.S. Chawla was appointed Controller General of Accounts in the Ministry of Finance, assuming regular charge after officiating earlier; his prior role as Principal Chief Controller of Accounts at CBIC included finalising accounting procedures and operationalising the GST Network and integrating the IGST refund payment network with the Public Financial Management System to advance digitisation of government receipts and payments.

Fixation of tariff value for specified imported commodities establishes customs valuation benchmarks for import duty computation.
The Central Board of Indirect Taxes & Customs, exercising powers under sub-section (2) of section 14 of the Customs Act, 1962, substitutes TABLE-1, TABLE-2 and TABLE-3 in Notification No. 36/2001-Customs (N.T.) to fix tariff value benchmarks in US dollar terms for specified edible oils, brass scrap, poppy seeds, areca nuts and for defined forms of gold and silver, including explanatory scope limitations and links to benefit entries in an existing notification.

Tax evasion by suppression of fee receipts prompts searches, seizure of unaccounted cash and identification of benami arrangements.
Searches of a group running educational and coaching institutions uncovered parallel accounts, diaries, electronic records and large unaccounted cash, including funds in lockers in employees' names indicating benami arrangements. Evidence shows fees collected in cash were omitted from regular books, off-book payments to faculty, and conversion of unaccounted receipts into immovable properties leased to the trust; preliminary findings estimate substantial undisclosed income and seizures continue as authorities assess the tax evasion.

Annuity-based PPP model attracts private investment for road upgrades while state retains toll collection rights and oversight.
ADB will finance part of construction costs for annuity-based PPP concessions and EPC contracts under the Rajasthan State Highway Investment Programme to upgrade 754 kilometres of roads; it will ensure governance, procurement oversight and safeguards during implementation. The project promotes private participation through the Hybrid Annuity Mode and EPC contracts, retains toll collection rights with the state public works department, and includes measures for commuter and pedestrian safety such as bus stops, hard shoulders and raised sidewalks.

Tax search and seizure uncovers undisclosed assets, prompting disclosure and commitment to immediate tax payment
Income-tax authorities conducted coordinated searches on premises of two business groups in Goa linked to a hotel-resort transaction, targeting entities in hotels, hospitality, real estate and catering. The searches resulted in seizure of undisclosed cash and jewellery/valuables and prompted the group to disclose undisclosed income and commit to immediate payment of the related taxes.

Seat conversion corruption exposed, with agents, benami deposits and hawala transfers leading to seizures and ongoing financial probe.
Searches revealed a scheme converting merit allotments into institutional/capitation seats via a dropout mechanism using agents and brokers, supported by written and audio evidence and admissions. Proceeds were handled in cash, routed through hawala and benami arrangements by depositing funds into employees' accounts and creating fixed deposits whose interest serviced trustees' loans; undisclosed real estate investments and seizures of unaccounted cash and deposits were recorded, with further financial investigation ongoing.

Direct tax data release expands public access to time-series and income-distribution datasets for research and policy analysis.
The Central Board of Direct Taxes released Time-series data updated to F.Y. 2018-19 and income-distribution data for A.Y. 2018-19 (F.Y. 2017-18) to expand public access to direct tax statistics; the datasets are available on the departmental website to aid analysis of long-term trends and assessment of tax administration effectiveness.

Faceless e-assessment: electronic, no-human-interface tax scrutiny with automated case allocation and digital notices to taxpayers.
The National e-Assessment Centre (NeAC) is established as an independent central office to implement faceless e-assessment through electronic communication, supported by eight Regional e-Assessment Centres with Assessment, Review, Technical and Verification units. Cases will be allocated by automated systems to units across dynamic all India jurisdiction, eliminating physical taxpayer-officer interfaces. Notices and communications will be issued via registered e-filing accounts, email and SMS; taxpayers must respond electronically within prescribed timelines, enabling standardisation, functional specialisation, improved transparency and expeditious disposal of scrutiny cases.

Faceless e-Assessment streamlines taxpayer interaction by removing physical interface and enabling digital notices and online responses.
Introduction of a Faceless e-Assessment system via a National e-Assessment Centre centralizes digital assessment procedures, replacing physical taxpayer-officer interfaces. Notices are issued through registered email and the designated web portal with real-time SMS alerts, and taxpayers submit responses by uploading documents to the portal, enabling remote handling and centralized digital case management to enhance efficiency, transparency and ease of compliance.

Dividend compliance with DIPAM guidelines results in state-owned SPMCIL remitting annual dividend to the government after strong performance.
SPMCIL, a wholly owned Miniratna Category I central public sector enterprise, remitted its annual dividend to the Government of India for FY 2018 19 in compliance with DIPAM guidelines; the distribution followed increased production of banknotes, coins, security paper, passports and security inks and higher revenue and profit before tax, forming the operational and financial basis for the dividend payment under the administrative framework for CPSEs.