Loan co financing agreement enables joint World Bank and AIIB support to strengthen electricity distribution and reliability in Andhra Pradesh.
A Loan Agreement and a Program Implementing Entity Agreement formalise co financing by the World Bank and AIIB for the "24X7 Power for All in Andhra Pradesh Project," with the Government of Andhra Pradesh providing counterpart funding and acting as the implementing entity to increase electricity delivery and improve distribution efficiency and system reliability.

Infrastructure financing enables upgrades to urban water and sanitation services using long-term design build operate contracts for sustainability.
A multilateral loan finances sustainable, inclusive, climate-resilient water supply and integrated sewerage and stormwater works across 64 towns, emphasizing improved service quality, coverage, efficiency, and institutional capacity. Design-build-operate contracts with extended operation and maintenance obligations are central to achieving financial viability and service sustainability, and State counterpart support complements the external financing over a multi-year implementation period.

Retrospective tax recovery prompts seizure of dividends and shareholding while investor continues treaty arbitration seeking restitution.
The Income Tax Department ordered coercive recovery of a retrospective tax demand by directing the subsidiary to remit dividends and withhold a tax refund due to the foreign investor, and by moving to attach the investor's remaining shareholding; the investor's injunction request before an arbitration panel was refused and the investor continues a UK India Bilateral Investment Treaty claim for restitution and damages alleging expropriation and unfair treatment.

Secondary adjustment: failure to repatriate excess funds triggers imputed income and annual interest under Rule 10CB.
Rule 10CB operationalises secondary adjustments by attributing income to excess funds held by an associated enterprise when repatriation does not occur, prescribing an outer repatriation period and annual interest computation, with distinct interest treatment for transactions in Indian currency and in foreign currency. The repatriation period commences only after a primary transfer pricing adjustment above the monetary threshold attains finality, and where appeals exist the period begins after finalisation of appellate proceedings.

Tariff value revision: Revised import valuation notified for edible oils, metals, seeds, and precious metals.
Statutory authority under the Customs Act is used to substitute TABLE-1, TABLE-2 and TABLE-3 of Notification No. 36/2001-Customs (N.T.) with revised tariff values for listed goods. The amendment prescribes US dollar per metric tonne values for edible oils, brass scrap, poppy seeds and areca nuts, and specifies per-unit valuation for gold and silver where specified notification benefits apply, thereby updating the import valuation schedule for assessment and compliance.

Place of Effective Management triggers transitional tax adaptations and carryforward rules for foreign companies becoming resident.
The draft notification prescribes transitional adaptations where a foreign company becomes resident in India by reason of its Place of Effective Management, retaining its status as a foreign company for many purposes while applying specified exceptions for computation of total income, adoption of opening WDV from foreign tax records or books, deemed brought forward losses and unabsorbed depreciation allowed for set off and carry forward, interim accounting and accounting year alignment rules, application of withholding and double taxation relief mechanisms, and Rule 115 exchange conversion.

Aadhaar-PAN linkage mandatory for PAN applications and tax returns; PAN invalidation proviso partially stayed pending privacy review.
The judgment affirms the constitutional validity of Section 139AA, mandating quotation of Aadhaar or Aadhaar enrolment ID for PAN applications and income-tax returns and requiring eligible existing PAN holders to intimate Aadhaar for linking; however, the proviso rendering PANs invalid for non-intimation is temporarily stayed pending authoritative consideration of Article 21 privacy issues, so PANs of non-Aadhaar holders are not treated as invalid during the interregnum.

Safe harbour regime provides reduced transfer pricing margins and expanded eligible transactions, offering optional certainty to taxpayers.
The notification establishes a Safe Harbour Regime prescribing predetermined margins and expanding eligible categories, including Receipt of Low Value-Adding Intra-Group Services, with monetary eligibility limits for certain services. It reduces peak margins for software and IT-enabled services, introduces a graded margin structure for knowledge process outsourcing based on employee-cost ratios, lowers margins for specified contract R&D services, and prescribes benchmarks for risk spreads on intra-group loans tied to specified reference interest rates; the regime is optional and taxpayers eligible under the prior regime may elect the most beneficial option.

Economic policy education expanded through a national workshop, live telecasts, and MOOC conversion to teach Economic Survey analysis.
A national one week workshop for economics teachers will teach the analytical content of the last three Economic Surveys through in person lectures, live telecasts, and conversion into a self paced MOOC, covering macroeconomic outlook, fiscal and monetary frameworks, sectoral transitions, state and social sector finance, infrastructure, trade and migration, and policy issues including subsidies, JAM trinity, Universal Basic Income, financial sector stress, and demonetisation.

Multilateral Convention on BEPS: implements treaty measures to prevent treaty abuse and ensure taxation where profits arise.
India signed the Multilateral Convention implementing BEPS treaty-related minimum standards, including the Action 6 minimum standard to prevent treaty abuse. The Convention operates alongside existing tax treaties to modify their application rather than directly amending treaty texts, with the aim of curbing treaty abuse and base erosion by ensuring profits are taxed where substantive economic activities and value creation occur.

Chargeability to Securities Transaction Tax: Section 10(38) exemption restricted, but government exempts certain equity acquisitions from STT requirement.
The notification clarifies that the STT chargeability condition for claiming exemption on long term capital gains from equity share transfers shall not apply to acquisitions entered into on or after 1 October 2004, subject to exclusions for specified transactions (such as preferential issue acquisitions in infrequently traded companies, off exchange acquisitions of listed shares, and acquisitions during delisting), with further exceptions in those categories to protect genuine investors.

Public service access under RTPS Act enhanced to improve timeliness, efficiency and accountability in Assam service delivery.
The World Bank IBRD credit supports a multi-source programme to improve citizens' access to selected services under the RTPS Act in Assam, combining Bank finance with State budget contributions. An implementing entity agreement assigns implementation responsibilities to the State, while the programme uses an integrated approach to enhance timeliness, efficiency and accountability in service delivery over a multi-year period.

Government website standardization: unified, GIGW compliant portals improve accessibility and content delivery across devices.
A common landing webpage for the Ministry of Finance and a mobile friendly Department of Expenditure site were deployed using a Content Management Framework to centralize departmental websites and improve content delivery; both sites conform to the Guidelines for Indian Government Websites and incorporate mobile responsiveness, in built search, text to speech, language translation, and visitor analytics to standardize accessibility and governance under the Digital India initiative.

Indian economy reforms: GST rollout, Insolvency Code, FDI liberalisation and anti black money measures to widen formalisation.
The government implemented coordinated fiscal, monetary, taxation and sectoral reforms to restore macroeconomic credibility, including fiscal consolidation and a statutory Monetary Policy Committee; wide-ranging FDI reforms; preparation and rollout of GST to unify indirect taxation and digitise administration; demonetisation and enforcement measures (Black Money Act, Benami amendments, Operation Clean Money) to broaden the taxpayer base; enactment of the Insolvency and Bankruptcy Code, 2016; banking resolution powers via the Banking Regulation amendment; and market oriented disinvestment and financial inclusion initiatives under JAM and DBT.

Registered valuer regime: mandatory certification, standards and disciplinary framework for valuation practice and professional bodies.
These Rules require individuals and partnership entities to obtain a certificate of registration from the Registration Authority before practising as registered valuers, prescribe eligibility, qualifications and a Valuation Examination, set conditions of registration including compliance with Valuation Standards and record-keeping, and establish recognition, governance and disciplinary obligations for Valuation Professional Organisations including model bye-laws, monitoring, grievance redressal and disciplinary procedures with power to suspend or cancel registration or recognition.