Repayment at par for government special bonds; maturity proceeds payable by bank credit or pay order under securities regulation.
Repayment at par of the specified Government special bonds is due on the stated maturity dates and interest stops thereafter. If a State-declared holiday under the Negotiable Instruments Act falls on a payment date, repayment will be made on the previous working day. Maturity proceeds to registered holders must be paid by pay order with bank particulars or by electronic credit to the holder's bank account; holders should submit bank details in advance or tender discharged securities at designated paying offices twenty days before maturity to obtain payment.

Autonomy and independence of supreme audit institutions: recognition reinforces SAIs' expanded performance audit role and objective reporting.
India's ASOSAI chairmanship advocates widening public audit mandates from probity and compliance to objective evaluation of outcomes, urging auditors to provide balanced, positive reporting and recommend mid-course corrections to improve service delivery. The statement affirms the autonomy and independence of Supreme Audit Institutions as essential for objective audits and promotes regional cooperation and capacity-building, including an environmental audit training facility.

Capacity building for supreme audit institutions boosts regional public audit cooperation and training infrastructure through multilateral exchanges.
A regional assembly of supreme audit institutions convenes to advance public audit cooperation by exchanging ideas, promoting and publishing professional research, and supporting capacity building. A related donor-steering meeting emphasized capacity building, presenting a national audit institution's training infrastructure and bilateral projects as models for strengthening developing SAIs and coordinating donor support.

Public audit cooperation: ASOSAI Assembly spotlights capacity building and knowledge exchange to strengthen Supreme Audit Institutions.
The Assembly emphasizes strengthening cooperative public audit frameworks by facilitating exchange of ideas, experiences, and the publication of research to improve audit practices across member Supreme Audit Institutions. The INTOSAI Donor meeting highlighted the Comptroller and Auditor General of India's training infrastructure and bilateral capacity building projects, underscoring mechanisms for technical assistance and institutional development for developing SAIs.

Loan agreement to finance transmission and distribution upgrades in Assam, enhancing capacity, efficiency and access.
A Loan Agreement was signed under a Multitranche Financing Facility to finance transmission and distribution upgrades in Assam, setting out shared financing between ADB and the State, loan term and grace period with an ADB LIBOR-based interest rate mechanism, project implementation obligations, and infrastructure measures including substation capacity additions, modernization of 33/11 kV substations, high-voltage distribution systems and conversion to aerial bunched cables to reduce losses and expand access.

Public private partnership model enables ADB loan to develop solar power transmission and support feed-in tariff implementation.
An ADB loan will finance a transmission system for the Charanka Solar Park using a public private partnership model where state agencies lease land and provide common infrastructure while developers receive an attractive feed-in tariff. The LIBOR based loan from ADB's Ordinary Capital Resources has a 25 year term including a five year grace period. Associated Technical Assistance administered by ADB will provide vocational training and livelihood opportunities, targeting at least half women participants, and the project seeks to support distribution companies' clean energy procurement and promote the solar park PPP model.

Infrastructure financing secures ADB tranche to expand continuous rural electricity and feeder separation in Madhya Pradesh.
Agreement for an ADB loan tranche provides project financing to expand reliable, continuous electricity supply to rural households in Madhya Pradesh by establishing separate feeders for households and agriculture, installing high voltage distribution systems, extending new household connections, and reducing transmission losses, supplemented by concessional technical assistance and counterpart funding from the state government and three distribution companies.

Mutual cooperation between supreme audit institutions enhances capacity building and training support for developing audit offices.
Mutual cooperation between supreme audit institutions emphasizes collaborative capacity building and training exchange, with a national audit department offering its training institutes to assist officials from the INTOSAI community and less developed Supreme Audit Institutions under donor coordinated support frameworks.

Social security expansion strengthens worker protection; ESIC modernization and schemes improve access to healthcare and cash benefits.
The speech emphasises expansion of the Employees' State Insurance Scheme to broaden comprehensive social security-medical care, cash benefits and institutional infrastructure-alongside increased public expenditure on social services. It situates ESIC reforms within demographic challenges and government programmes for health, education and skills, and highlights operational measures including an IT digitisation roll-out (Project Panchdeep), entry into medical education, and an unemployment allowance scheme to improve delivery, transparency and access for beneficiaries.

Mutual Administrative Assistance in Tax Matters expands multilateral tax information exchange and recovery cooperation following India's ratification.
India ratified the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, becoming the first non OECD, non Council of Europe party to the amended Convention. The Convention provides a multilateral legal basis for cooperation on all taxes, founded on standards of transparency and exchange of information. Operative mechanisms include compulsory exchange of past information in criminal tax matters for a specified period, assistance in tax recovery, simultaneous tax examinations with cross border participation, automatic exchange and spontaneous exchange of information, service of documents abroad, and conditional use of information for other purposes like anti money laundering with supplier approval.

Aadhaar-enabled payments to channel government transfers into interoperable electronic accounts, expanding access and reducing leakage.
The report recommends converting government payments and receipts into an interoperable, Aadhaar-enabled electronic payments architecture: directing social-benefit and subsidy transfers into Aadhaar-linked accounts, mandating electronic payment acceptance by government entities without surcharge, and promoting electronic salary credits for frontline workers. It proposes a platform approach comprising a Government e-Payments Gateway for straight-through fund release, an Aadhaar account opening and authentication capability, an Aadhaar Payments Bridge for routing transfers to accounts by Aadhaar identifier, an interoperable MicroATM network for last-mile access, and mobile banking; and it recommends a government-paid last-mile transaction fee to incentivize access infrastructure.

Supreme Audit Institution support: donors and INTOSAI coordinate funding and strategic capacity building under MoU.
A Memorandum of Understanding between INTOSAI and donor partners creates a coordinated framework to strengthen Supreme Audit Institutions through mobilised donor funding, strategic focus on governance and development roles, demand-driven sustainable support based on strategic and development action plans, and a hierarchy of country, regional and INTOSAI-global activities. Implementation is overseen by a jointly chaired multilateral Steering Committee composed of donor and INTOSAI representatives to ensure coordinated assistance and strategic oversight.

Presidential awards recognising meritorious service will be marked by presentation of Appreciation Certificates to eligible enforcement officers.
Presidential awards recognise meritorious service by Customs, Central Excise and Narcotics Enforcement officers who have rendered service involving significant personal risk or a specially distinguished record; the Ministry of Finance, via the Central Board of Excise and Customs, organises an investiture ceremony to present Appreciation Certificates to identified recipients under the longstanding awards scheme.

Inclusive development policy expands market access and skills initiatives to broaden participation and mobilise investment.
Government policy prioritises inclusive development to reduce inequalities by combining adequate growth with measures broadening participation across sectors, regions and groups. Recent steps ease capital controls, introduce a Direct Investment Scheme for qualified foreign financial investors, and liberalise FDI in retail; these complement pooled debt frameworks for infrastructure and an impetus to revive FDI and FII flows. Key domestic measures stress rural development, empowerment through skill upgradation supported by a National Skill Development Fund, and the New Manufacturing Policy to expand manufacturing and employment.

Insurance sector liberalisation promotes competition and consumer protection while expanding regulated services to underserved districts.
The speech prioritises continuation of insurance sector liberalisation-including private participation, foreign investment within statutory limits, and de-tariffing-to promote competition, technology adoption, and product innovation. It stresses regulatory oversight and consumer protection measures such as improved transparency, streamlined grievance redressal, prevention of mis-selling, and faster claims settlement. Operationally, it calls for insurance led financial inclusion via micro insurance and community delivery models, targeted products for vulnerable groups, expansion into underserved districts and towns, and strengthened recruitment, training and technology deployment to improve penetration and service delivery.

Financial inclusion drive emphasized; banks urged to expand access, adopt e-payments and meet enhanced capital norms.
The speech emphasises financial inclusion as a strategic priority requiring expansion of basic banking services to underserved habitations through Ultra Small Branches, Financial Literacy & Credit Counselling centres and the Swabhiman scheme, alongside preparation for government e-payment systems for direct transfers. It underscores compliance with the phased introduction of draft Basel III capital regulations and the Government's commitment to maintain higher Tier-I capital buffers for public sector banks, while urging technology upgradation, product innovation, customer-centric practices and effective grievance redressal to improve competitiveness and inclusion.

Anti Money Laundering reforms recognised: revised international recommendations approved and India commended for strengthening AML/CFT legislation.
The FATF plenary endorsed revised international recommendations and commended India for progress in remedying deficiencies identified in its Mutual Evaluation Report, noting India's commitment to implement an effective AML/CFT framework. India has introduced amendments to primary legislation to address technical deficiencies, and the plenary cited the legislative Statement of Objects and Reasons as evidence of intent to comply with its Action Plan.

Flood management funding secures central support for basin drainage works, enabling re sectioning, embankment reconstruction and land acquisition.
The basin drainage scheme addresses chronic flood inundation by re sectioning about 140 km of rivers, realigning and reconstructing embankments, building a regulator on the Kaliaghai and three bridges on the Chandia, requiring about 450 hectares of land and expected to benefit roughly 1.7 million residents; the State must provide land and the work is projected for completion in about three years. The project is funded centrally after inclusion in the Flood Management Programme, with initial funds released and complementary World Bank supported minor irrigation financing noted to enhance regional irrigation capacity.

Government securities auction: uniform price sale with competitive and non-competitive bids and reserved allocation for eligible investors.
Sale (re-issue) of three central government stocks will be conducted by the Reserve Bank of India through uniform price auctions with up to five percent reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Both competitive and non-competitive bids must be submitted electronically on the Negotiated Dealing System within specified time windows. Auction results and payment dates are scheduled, and the securities will be eligible for when-issued trading under existing RBI guidelines.

Search and seizure operations: significant assets seized and restraint orders pending while tax investigation continues.
Search operations on 1 February 2012 resulted in seizure of cash of Rs.2.03 crore, jewellery and ornaments valued at Rs.5.18 crore, fixed deposits of Rs.4.4 crore, and numerous documents; restraint orders on thirteen bank lockers and two other premises are pending and the search remains incomplete with investigation ongoing.