Permanent residency for foreign investors tied to prescribed investment thresholds and annual employment generation requirements.
Permanent Residency Status will be available to qualifying foreign investors for ten years with multiple entry, contingent on prescribed capital infusion within specified timeframes and annual generation of employment for resident Indians; the status extends to spouse and dependents and is subject to existing FDI policy restrictions and applicable government security guidelines.

Compulsory delisting triggers promoter acquisition at fair value and freezes transfers and corporate benefits until public exit option provided.
Recognised stock exchanges may compulsorily delist companies under specified statutory provisions for prolonged suspension of trading. Under Regulation 23, promoters must acquire shares from public shareholders at a fair value determined by an independent valuer, subject to shareholders' option to retain shares. SEBI directed restraints on transfers and a freeze on corporate benefits for promoters' holdings where fair value is positive, and barred promoters and whole-time directors from serving as directors of any listed company until the exit option is provided and certified by the exchange.

Non-performing assets: enhanced recovery and resolution measures using IBC, SARFAESI and diverse restructuring tools.
Public Sector Banks reported total advances and a substantial Gross Non-Performing Assets stock with the number and amount of NPA accounts quantified; to improve recovery and resolution, authorities have enacted the Insolvency and Bankruptcy Code, amended SARFAESI and the RDDBFI Act, established additional Debt Recovery Tribunals, and the central bank has authorised tools such as Corporate Debt Restructuring, Joint Lenders' Forums, the 5/25 restructuring scheme, Strategic Debt Restructuring, and Sustainable Structuring of Stressed Assets.

Access to bank credit for educated unemployed: government facilitation expands loan support and guidance for self-employment.
Access to bank credit for educated unemployed persons depends on meeting banks' bankability norms; rejections commonly arise from unclear activity, lack of training or managerial capacity, non-viable or inflated business plans, inability to provide required margin money, or prior defaults. The Government facilitates improved access by guiding applicants on applications, identifying suitable business activities, assisting in viable business plan preparation, offering entrepreneurship education, providing model business plans online, and supporting self-employment through complementary government schemes.

Cyber security reporting: banks required to report unusual incidents promptly and maintain crisis management and preparedness.
Guidance requiring banks to adopt a comprehensive cyber-security framework including a cyber-security policy, a cyber crisis management plan, gap assessments against baseline requirements, monitoring of risk indicators, and mandatory reporting of unusual cyber security incidents within 2 to 6 hours; supported by RBI's CSITE Cell, Cyber Crisis Management Group, IT examinations, CERT-In preparedness testing, PCI DSS forensic audits for card breaches, and an IT Subsidiary to focus on cyber security across RBI and regulated entities.

Debit card fraud prevention strengthened through cyber security framework, bank operational controls, and a central fraud registry.
Measures to prevent debit card fraud focus on strengthening cyber oversight via a Cyber Security and IT Examination Cell, an IT Subsidiary, a comprehensive Cyber Security Framework, crisis-management and testing with CERT-In; operational bank controls (PIN changes, blocking international payments, withdrawal limits, monitoring, card replacement, re-crediting); prior skimming guidance advising PIN confidentiality and prompt reporting; and an online Central Fraud Registry to inform credit and fraud-risk decisions across banking channels.

Clean Environment Cess change expands levy on coal and lignite to fund clean energy initiatives, maintaining polluter-pays principle.
Increase in Clean Environment Cess imposes a levy on coal, lignite and peat to finance clean environment and clean energy initiatives and fund related research, functioning as a green tax aligned with the polluter pays principle; the government stated no proposal to reduce the levy.

Centre State funding pattern revised to differentiated scheme and regional shares, preserving existing lower central contributions where applicable.
The Centre State funding pattern for Centrally Sponsored Schemes is set by category and region: Core of the Core Schemes remain on existing arrangements; Core and Optional Schemes carry differentiated central contributions for Northeastern and specified Himalayan States versus other States; a proviso caps the Centre's share where its present contribution is already below the indicated pattern; Union Territories without legislatures are fully funded by the Centre while Union Territories with legislatures follow existing cores and an elevated central share for Optional Schemes.

Interest rate reduction for long-term government savings schemes announced due to lower government securities yields.
A 0.10 percentage point reduction in interest rates was applied for the quarter 01.10.2016-31.12.2016 to Public Provident Fund, Kisan Vikas Patra, Senior Citizens Savings Scheme (2004) and Sukanya Samriddhi Account, described as a percentage point change rather than a percentage per annum, attributed to a significant fall in comparable Government Securities yields and communicated by the Minister of State in a written parliamentary reply.

KYC compliance in cooperative banks: uniform AML obligations, inspection reporting and penalties enforce regulatory oversight.
Regulatory framework places banking function oversight of cooperative banks under the Banking Regulation Act and Reserve Bank Act while registration, management and liquidation remain with co operative registrars; concurrent inspection powers exist under Section 35(6). Uniform KYC and AML Master Directions apply to all banks, with inspections, mandatory transaction and suspicious reporting to the financial intelligence unit, and penalties imposed for KYC/AML breaches.

Tax amnesty disclosure: immunity from wealth and civil taxes if undeclared income is declared and required tax paid.
A temporary disclosure scheme allows depositors after demonetisation to declare undisclosed income and obtain immunity from Wealth Tax, civil tax claims and other taxation laws if they make full disclosure and pay the prescribed tax and penalties; the scheme will be enacted as a new finance chapter and cover deposits from the demonetisation date until a notified cut off, but it does not provide immunity from foreign exchange, anti money laundering, narcotics or black money criminal laws.

Taxation of undisclosed deposits: combined tax, surcharge and mandatory deposit for declarants; steeper charges and penalties if caught.
Declarants under the Pradhan Mantri Garib Kalyan Yojana must pay 30% tax, a 10% penalty, and a surcharge equal to 33% of tax, and must deposit 25% of the undisclosed amount into a notified scheme with no interest and a four-year lock-in. Persons found holding undisclosed cash face a higher flat tax rate plus a surcharge that substantially increases the levy, and the assessing officer may additionally impose a 10% penalty.

Tax Amnesty Regime permits disclosure with high tax, surcharge, penalty and a mandatory deposit to regularise undisclosed income.
The Bill proposes the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016, permitting declaration of undisclosed cash and bank deposit income subject to a flat special tax and a specified surcharge, an additional penalty, and a mandatory deposit of a portion of declared income into an interest free deposit scheme for a fixed term. The regime disallows deductions or set offs for declared income. Concurrently, the Bill preserves and increases statutory penalties and flat tax treatments for unexplained credits, investments and assets, and raises penalties in search and seizure assessments.

Government debt issuance and market borrowings rose, easing liquidity and lowering rollover risk through scheduled auctions and debt management.
Government financing in Q2 FY17 comprised dated securities and Treasury Bill auctions held under a pre announced calendar, including issuance of two new securities; gross and net market borrowings accounted for major proportions of budgeted estimates. Auctions, buybacks and switches were used to manage debt composition and rollover exposure. Liquidity was comfortable and in surplus, supported by central bank measures, while debt remained concentrated in internal marketable securities with a material short to medium term maturity share and declining rollover risk.

Income Declaration Scheme: banks must accept ITNS-286 payments through 30 September 2017 and not seek sources.
Banks are directed to accept payments under the Income Declaration Scheme, 2016 via ITNS 286 up to the scheme's final payment deadline and not to seek the source of funds; the Government prescribed a staggered payment schedule requiring minimum instalments of 25% and further 25% before the balance is paid, and Reserve Bank/industry circulars instruct banks to notify and sensitize branches while applying KYC identification without enquiring into source of cash deposits.

Private investment in infrastructure urged to boost growth, alongside tax reforms and stronger cheque enforcement.
The Finance Minister urged increased private investment in infrastructure and highlighted governance reforms and fiscal discipline to improve the investment climate. Attendees proposed policy measures including corporate tax reduction, reduction or removal of Minimum Alternate Tax, raising the personal income tax exemption, targeted tax concessions, higher public investment in infrastructure and rural sectors, lower interest rates for manufacturing and MSMEs post-demonetisation, amendments strengthening negotiable instrument enforcement, infrastructure status for broadcasting, expanded skill-development funding, and incentives for women entrepreneurs.

Cashless transactions mandated across government ministries to eliminate cash usage and require downstream payments be cashless.
Directive for cashless transactions requires all central ministries and departments to adopt online or cheque payments and to ensure downstream disbursements by contractors to labourers are cashless, with officials instructed to submit status reports to the Prime Minister's Office and ministries convening implementation steps while some public agencies report near-complete cashless operations.

Tax on unexplained deposits: voluntary declaration incurs concessional tax and part of funds subject to multiyear lock-in.
A proposed amendment to the Income Tax Act treats deposits of demonetised currency notes above specified thresholds as unexplained income, subjecting voluntarily declared amounts to a minimum concessional tax and imposing a multiyear lock-in period on half of the post-tax residual; non-declared deposits detected by authorities will attract a substantially higher combined tax-and-penalty charge.

Mandatory listing of insurers increases investor participation and transparency through enhanced disclosure and minority protections.
Mandatory listing of insurers is proposed to enable retail and institutional investor participation and to subject life and non life insurers to stock exchange obligations. The Discussion Paper identifies key operative effects: enhanced investor participation, higher disclosure requirements, greater scrutiny and transparency of decision making, and protection of minority shareholders through statutory and regulatory safeguards.

Tax treatment of Senior Citizens Savings Scheme: deposits eligible for income-tax deduction, interest taxable and TDS applies.
The Senior Citizens Savings Scheme, 2004 is operated through post offices and designated bank branches with a reported aggregate of 161,912 accounts. It sets an upper investment ceiling of fifteen lakh for persons aged sixty and a cap equal to total retirement benefits for those retired before sixty. Deposits are exempt under the applicable income-tax deduction provision, but interest earned is taxable and Tax Deduction at Source provisions apply; a specified interest rate was declared for the quarter.