Tax administration integrity urged: trainees must ensure non-arbitrary, non-adversarial tax enforcement while upholding civil service duties.
Induction training emphasised tax administration principles, non-arbitrary conduct, and civil service duties. NADT's 16-month programme covers Income Tax law, jurisprudence, allied laws, accountancy and tax administration and is guided by the Citizens' Charter. Officers were urged to maintain integrity, be fair and firm, and ensure a non-adversarial, non-intrusive tax regime while pursuing revenue objectives. The ceremony acknowledged faceless administration initiatives and recognised top academic and overall performers as part of preparing officers for integrity-driven tax administration.

Investor engagement promotes policy reforms to improve investor experience and facilitate entry and expansion in the domestic market.
DPIIT held an Investor's Roundtable to boost investor confidence, obtain industry policy recommendations, and promote continuous government-industry dialogue to enhance the investor experience. The meeting highlighted reforms including a reduction in Basic Customs Duty, extension of corporate tax eligibility timelines for new companies, Production Linked Incentive schemes, and PM Gati Shakti to improve logistics. It also stressed MSME opportunities for global supply chain integration and involved central and state agencies to respond to investor suggestions.

International financial cooperation: IMF engagement and coordinated support for vulnerable economies following geopolitical and economic shocks.
Bilateral discussions emphasized international financial cooperation and IMF engagement, highlighting India's rapid growth, targeted policy mix, vaccination efforts, and contributions to IMF capacity development. Both leaders discussed IMF financial assistance and continued engagement with Sri Lanka amid its crisis, concerns about geopolitical-driven energy price shocks, and the complementary roles of India's accommodative fiscal and monetary stance alongside structural reforms and targeted support for MSMEs and vulnerable groups to bolster resilience and address global supply chain issues.

Ease of Doing Business: SPICe+ single window integration and regulatory reforms streamline company formation and compliance.
The ministry consolidated multiple statutory registrations into the SPICe+ single window process-covering name reservation, incorporation, DIN issuance, labour and tax registrations, selected state registrations, optional GST capture and bank account facilitation-to expedite and centralize pre and immediate post incorporation formalities, alongside regulatory measures revising the Small Companies definition, waiving government incorporation fees up to a prescribed authorised capital, incentivising One Person Companies and de criminalising technical corporate violations.

Project Readiness Financing to design climate resilient urban infrastructure and strengthen municipal resource mobilization.
The Government of India and the Asian Development Bank provided Project Readiness Financing to prepare climate resilient water supply, sanitation, solid waste management and urban road subprojects in 16 district headquarters towns in Nagaland, including urban sector strategy development, feasibility studies and detailed engineering designs. The facility also supports strengthening state agencies and urban local bodies through capacity building to augment municipal resource mobilization, improve implementation readiness and initiate sector and institutional reforms to expand access for poor and vulnerable populations.

Post Devolution Revenue Deficit Grants: first monthly instalment released to recommended states under constitutional fiscal transfer framework.
The Department of Expenditure released the first monthly instalment of the Post Devolution Revenue Deficit Grant to 14 States pursuant to the Fifteenth Finance Commission's recommendations, implementing a twelve month equal instalment disbursement of the Commission's total allocation for 2022-23. The grant, provided under the constitutional fiscal transfer framework, is designed to cover assessed gaps between state revenue and expenditure post devolution; eligibility and quantum for 2020-21 to 2025-26 were fixed by the Commission and state wise amounts and first instalments are indicated in the release.

Additional borrowing linked to power sector reforms grants states extra fiscal space upon meeting prescribed performance benchmarks.
States are eligible for additional borrowing conditional on undertaking mandated power sector reforms and meeting prescribed performance benchmarks. The scheme-providing extra fiscal space up to 0.5% of GSDP over a four year period-targets improved operational efficiency and increased paid consumption. Mandatory reforms include state assumption of DISCOM losses, transparent financial reporting, timely accounts and audits, and regulatory compliance. Performance metrics for eligibility include metered consumption share, subsidy delivery by DBT, payment of government electricity bills, prepaid meters in government offices, use of innovations, and bonus marks for DISCOM privatization, with the Ministry of Power assessing state performance.

Extension of filing deadline for Form No.10AB: additional short-term time granted for electronic registration applications under charitable tax exemptions.
The tax authority has extended the last date for electronic filing of Form No.10AB for applications seeking registration or approval under the charitable exemption regimes, citing difficulties in electronic submission under the Income-tax Rules and providing a short additional filing date for affected applications.