Additional financing expands water and sanitation services, heritage-sensitive resilience, and a PPP wastewater reuse facility in Rajasthan towns.
An additional financing loan augments the Rajasthan Secondary Towns Development Sector Project to expand water supply and sanitation services, convert groundwater to surface water, replace and install extensive water pipelines, provide household water meter connections, establish water treatment plants, rehabilitate sewer networks and build sewage treatment plants with co-treatment units, implement heritage-sensitive nature-based resilience measures, and pilot a public-private partnership special purpose vehicle to deliver treated wastewater to industrial users.

Backstop facility for corporate bonds to purchase debt and a clearing corporation to deepen corporate bond repo liquidity.
A Limited Purpose Clearing Corporation, AMC Repo Clearing Limited (ARCL), has been created to provide triparty repo services and central counterparty functions for corporate bond repos to improve collateral efficiency, settlement and liquidity. Complementing ARCL, the Corporate Debt Market Development Fund (CDMDF) - an Alternative Investment Fund in trust form - will purchase investment grade corporate debt in normal and stressed conditions to enhance secondary market liquidity. The Department of Economic Affairs has instituted a Guarantee Scheme for Corporate Debt (GSCD) managed via a Guarantee Fund for Corporate Debt and guarantees from National Credit Guarantee Trustee Company Ltd., with SEBI designated to trigger activation.

GDP growth estimates timing changed to align revisions and reduce user confusion, clarifying use of provisional benchmarks.
The Ministry aligned release timings by making the First Revised Estimate coterminous with the Second Advance Estimate to prevent last minute recomputation, using the previous year's provisional estimate as the benchmark for the First Advance Estimate; provisional revisions published on 31 May, 2023 revised manufacturing growth figures and the statement stresses the interpretive importance of the base effect.

Faceless assessment and related compliance reforms streamline taxpayer services and widen the tax base while simplifying procedures.
Technology-led direct tax administration reforms focus on expanding the tax base through taxpayer-friendly measures such as faceless assessment, prefilling of forms and instant PAN, complemented by legislative measures in the Finance Act 2023 for relief to salaried taxpayers, start-ups, MSMEs and cooperative societies; operational enhancements include the Annual Information Statement, e-verification, updated returns, quicker return processing, expedited refunds and multiple grievance redressal channels, with governance priorities on automation, training and monitoring to support compliance.

Financial inclusion targets pressed on public sector banks to accelerate scheme enrollment and digital payments uptake nationwide.
Secretary, Department of Financial Services convened a review with Public Sector Bank heads and NABARD stressing achievement of allocated targets under social-security and financial-inclusion schemes (PMJDY, PMJJBY, PMSBY, APY, PMMY, Stand Up India), intensification of the Jan Suraksha saturation campaign in Gram Panchayats, promotion of digital payments and implementation of District Level Review Committee roadmaps for covering unbanked adults and credit outreach in credit-deficient districts.

PM SVANidhi scheme digital onboarding urged: banks to expedite loan sanctions and scale digital payments for vendors
Review and implementation oversight of the PM SVANidhi scheme focused on accelerating sanction and disbursement of microloans to street vendors and expanding their digital payment adoption. The Department urged public sector banks to clear pending sanction/disbursement applications expeditiously, increase digital onboarding, and organise outreach such as workshops and financial literacy programs to raise vendor awareness and recognise digital transaction performance.

International Tax Reform advances multilateral instruments and implementation timelines to strengthen global tax governance and transparency.
The document affirms coordinated macroeconomic, fiscal, monetary and structural policies to achieve SSBIG, emphasising central bank independence, macroprudential tools and targeted fiscal protection for vulnerable groups. It endorses a G20 Roadmap for implementing MDB Capital Adequacy Framework recommendations, calls for IMF governance and resource adequacy work including SDR mobilisation and trust pledges, and prioritises accelerated policy work on sovereign debt treatments under the Common Framework. The G20 endorses FSB and SSB initiatives on crypto assets, NBFI resilience, cross border payments, and promotes sustainable finance, climate risk reporting, and Inclusive Framework tax implementation.

Tariff value fixation for imports updated, setting valuation rates for edible oils, metals, areca nut and specified gold and silver forms.
Amendment under section 14(2) of the Customs Act substitutes revised TABLE 1, TABLE 2 and TABLE 3 in the principal notification to fix tariff values for specified imported goods - edible oils (crude and refined palm oil, palmolein, crude soybean oil), brass scrap (all grades), areca nut, and defined forms of gold and silver - specifying units of valuation and clarifying scope and exclusions for certain gold and silver entries; effective 15 July 2023.

State Disaster Response Fund release expedited by guideline relaxation to provide immediate relief to affected states.
The Central Government released funds to State Disaster Response Funds of 22 States as immediate assistance after relaxing guidelines and waiving the usual requirement for utilisation certificates and activity reports; SDRF, constituted under Section 48(1)(a) of the Disaster Management Act, 2005, is the primary State fund for immediate relief for notified calamities, with central contributions and instalment releases governed by Finance Commission recommendations and allocation based on past expenditure, area, population and disaster risk index.

Priority Sector Lending compliance urged to meet sub category targets, including agriculture and micro enterprises, to expand credit access.
Public Sector Banks have shown improved credit deployment, profitability, asset quality and capital adequacy with higher provision coverage and resilience to macroeconomic shocks. PSBs must adhere to regulatory norms for timely and transparent recognition of stressed assets, meet Priority Sector Lending targets across sub categories-notably agriculture and micro enterprises-sustain PMSVANidhi credit disbursals and digital onboarding, and ensure sponsor banks implement time bound technological upgrades and continuous monitoring of Regional Rural Banks.

Public debt management update: issuance profile, yield trajectory and market ownership shifts reported for the quarter.
Quarterly public debt management data for January-March 2023 shows substantial dated securities issuance with a weighted average yield of 7.34% and weighted average maturity near 16.6 years. The Central Government's cash position remained in surplus, touching Ways and Means Advances for one day. Total gross liabilities (including public account and external debt at current exchange rates) increased marginally quarter on quarter to a higher provisional level at end March 2023, and nearly 29.1% of outstanding dated securities had residual maturities below five years.

Reporting entity compliance failures prompt verifications and outreach to improve accurate financial reporting and information exchange.
The Income Tax Department conducted verifications of Reporting Entities to enforce reporting obligations and found failures to file or accurately complete Statements of Specified Financial Transactions and defective Form 61B filings for Automatic Exchange of Information; outreach programmes are being organised to explain obligations and ease compliance.