Fiscal concessions for SEZs generate significant revenue foregone, reflecting exemptions under SEZ Act and income tax provisions.
The statutory framework in the SEZ Act and Rules provides built in fiscal concessions and duty benefits to SEZ Developers and Units - including exemptions from income tax, customs and excise duties, central sales tax, service tax and VAT - and the revenue impact of these incentives is reported as revenue foregone under applicable income tax provisions and duty exemptions for recent financial years.

Auction of government securities provides price-based multiple-price issuance with non-competitive allocation and electronic bidding on E-Kuber.
Announcement of re-issue of multiple government stocks through price-based auctions using the multiple price method, with up to five percent of each notified amount reserved under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the E-Kuber system within prescribed windows on the auction day; auction results will be declared on that date and payment by successful bidders will occur on the stated settlement date. Re-issued stocks will be eligible for when issued trading per existing guidelines.

New Black Money Law public engagement: direct live questioning of tax authorities via talkathon and designated hashtag.
Announcement that senior tax administration officials will participate in a Talkathon on the New Black Money Law, broadcast live on the Ministry's YouTube channel and telecast by a public news channel, allowing the public to pose questions via Twitter using a specified hashtag for real time answers.

Import duty on raw silk under review after state representations; central ministry cites textile nodal role and market monitoring.
Representations sought an increase in import duty on raw silk while the Ministry of Finance implemented a reduction in basic customs duty on raw silk by notification. The Ministry of Textiles is the nodal ministry and the Central Silk Board monitors cocoon and yarn prices, arrivals and import quantities; sericulturists receive support under central and state schemes and prices reflect demand-supply and market conditions.

Tariff value revision for specified imports alters customs valuation and import duty assessment basis under notification substitution.
Revision of tariff value schedules substitutes TABLE 1, TABLE 2 and TABLE 3 of Notification No. 36/2001 Customs and sets amended tariff values in US dollars for specified imports including crude palm oil and derivatives, crude soybean oil, brass scrap, poppy seeds, areca nuts, and specified categories of gold and silver, thereby providing fixed customs valuation benchmarks for assessment of those imports.

Export incentives: duty drawback, exemptions and tax deductions supported; refunds expedited to address exporter delays.
Duty drawback, Central Excise rebate and Cenvat credit refund mechanisms neutralize indirect tax incidence on inputs for exported goods; sectoral duty free entitlements and DGFT administered schemes (advance authorizations, duty free import authorizations, EPCG and export incentive schemes) support exporters. Income tax provisions permit deductions for export derived profits and other business deductions. The Government has received representations about delayed tax refunds and directed field formations to ensure prompt disbursement of rebate and refund claims.

Social security consolidation: national life insurance scheme provides death and disability cover for self employed weavers.
Aam Admi Bima Yojana, following merger of the earlier scheme, is implemented through a designated life insurer and provides death and disability cover to self-employed handloom and Khadi weavers affiliated with Khadi institutions and boards, within a prescribed age band; it is not a health insurance scheme. Annual administrative data on lives covered, premium allocations and claims paid for the handloom and Khadi weaver category are compiled in an annex and reported to the legislature.

Gold ETF regulation permits limited investment in bank gold deposit schemes, maintains daily NAV disclosure and no guaranteed returns.
Gold ETFs invest in gold and gold related instruments with returns tied to the underlying, publish daily net asset value, and do not guarantee returns. A regulatory change allowed limited investment of Gold ETF schemes in bank Gold Deposit Schemes instead of exclusively holding physical gold. Fiscal and external sector measures, including higher customs duties and an import rationalisation mechanism for nominated importers, were employed to contain gold imports and address current account pressures.

Prevention of Black Money in Securities: SEBI interim directions identify misuse of trading to generate exempt long term capital gains.
SEBI's anti money laundering framework under the Prevention of Money laundering Act requires all SEBI registered intermediaries to prevent entry of illicit funds into securities trading; preliminary inquiries resulted in interim directions finding multiple companies acting in concert to misuse the stock exchange system to generate bogus Long Term Capital Gains (LTCG) claimed as tax exempt.

No fault liability expands third party compensation, encouraging alternative dispute resolution to speed motor-accident claim resolution.
Motor third party claims generally proceed through courts when liability is disputed; where liability is undisputed insurers are encouraged to use Lok Adalat and out of court settlement. IRDAI enforces time limits for claim resolution and operates an Integrated Grievance Management System to track complaints. Legislative proposals seek enhanced third party compensation via a structured formula and capped liability for minimum premium policies. Section 140 of the Motor Vehicles Act applies the No Fault principle allowing compensation without proving wrongful act.

Deregulation of deposit rates lets banks set savings and term interest subject to uniformity and recovery compliance rules.
Banks may set term and savings deposit interest rates subject to board approval, with a mandatory uniform rate for savings up to one lakh and permissible differentiated rates above that without customer discrimination. The Base Rate framework deregulated rupee lending rates, allowing banks to determine spreads, risk premia and other pricing elements while preserving defined exceptions where loans can be priced without reference to the Base Rate. Banks are required to maintain Board-approved loan recovery policies and use statutory recovery mechanisms, supplemented by early-detection systems to improve asset quality.

Early Warning System to monitor bank loan stress identifies risky borrower accounts and enables timely corrective action.
Early Warning System established to detect incipient asset stress in performing loan accounts by monitoring accounts against a set of automated triggers and flagging riskiness for timely remedial planning, with proactive telephonic engagement of stressed retail and real estate borrowers through tied Business Process Re-engineering centres to enable early intervention.

Financial inclusion committee reconstituted to monitor bank inclusion and literacy plans and prepare a national strategy.
Reconstitution of the Financial Inclusion Advisory Committee to monitor banks' Financial Inclusion Plans and Financial Literacy initiatives, evaluate their impact through studies and surveys, and prepare and monitor a National Strategy for Financial Inclusion converging stakeholder efforts.

E-verification of tax returns: electronic verification via internet banking, Aadhaar or EVC removes need for paper ITR-V submission.
Administrative measures streamline tax compliance by enabling online PAN/TAN allotment, single-page bank challan, online tax payment, viewing of tax credits, e-filing of income-tax and TDS returns, centralized processing with electronic intimations, ECS direct credit of refunds, online rectification, Tax Return Preparer assistance, and Aayakar Seva Kendra single-window services; E-verification of returns is enabled via Internet banking or Aadhaar, with EVC issuance for eligible taxpayers to avoid submission of paper ITR-V, and paper ITR-V remains acceptable by post within the specified 120-day period.

Declaration of undisclosed foreign assets: rules set form, valuation methods, Form 6 filing, payment and acknowledgement.
The Rules prescribe the form and manner for declaring undisclosed foreign assets, including electronic filing via Form 6, and establish methods to determine fair market value for various asset types. Declarations meeting statutory requirements require payment of tax and penalty and intimation to the designated tax authority; after payment intimation the authority must issue an acknowledgement within 15 days. The statute shields declaration contents from admissibility in related penalty or prosecution proceedings and accompanying explanatory and FAQ circulars have been issued.

Electronic Verification of Income Tax Returns via Aadhaar and net banking expedites processing and removes paper ITR V dispatch.
Electronic verification of income tax returns via Aadhaar linkage and net banking replaces dispatch of ITR V hard copies, enabling taxpayers to verify returns electronically and expediting processing and refund issuance. Taxpayers are encouraged to adopt the Electronic Verification facility for convenience and early e filing to avoid peak period delays; an official notification provides procedural details.

Timely grievance redressal improves taxpayer service delivery through multi-layered complaint mechanisms, service centres and training.
Timely grievance redressal and enhanced public service delivery are prioritized through a multi-layered grievance redressal mechanism using centralised online portals, taxpayer service centres, and processing-centre grievance handling. The Department is expanding service centres, instituting training and tenure certainty for centre staff, and improving systems to expedite disposal of rectification applications. Performance monitoring targets improved disposal rates, reduced pendency, and time-bound quality service through periodic review and process reform.

Tax exemption for disaster relief remittances to Nepal clarified; application checklist expanded with foreign contribution details.
Procedure for claiming tax exemption under 11(1)(c) requires NGOs to submit organisational instruments, tax registration and PAN, registration under tax law, recent returns and assessment orders, details of pending prosecutions or FCRA proceedings, a note on past relief experience, particulars and break ups of proposed remittances (financial and material), sources of funds, distribution mechanism, donor undertakings to follow Nepal's aid criteria, and completed Schedule VII; the SOP adds disclosure of amounts and sources of foreign contributions with year wise break up for intended applications outside India.

Loan agreement supports urban health mission by strengthening primary care and using results-based lending for state flexibility.
Loan agreement between the Government of India and the Asian Development Bank supports the National Urban Health Mission by reinforcing urban health systems to deliver quality services to the urban poor, focusing on strengthening primary health care, promoting coordination between health and urban sectors, enabling public-private partnerships, involving urban local bodies in planning and delivery, and providing capacity building and technical assistance to strengthen NUHM systems and implementation.

Territorial jurisdiction for cheque dishonour clarified: proceedings must follow the payee's bank branch location and be consolidated.
Territorial jurisdiction for cheque-dishonour prosecutions is fixed to the court local to the payee's bank branch where the cheque was presented through the payee's account, with bearer cheques attracting the jurisdiction of the drawee branch's local court; subsequent complaints against the same drawer must be lodged in the same court, and multiple prosecutions before different courts must be transferred to the court having jurisdiction under the new scheme.