Measures to combat black money: strengthened enforcement, international information exchange, treaty renegotiation and regulatory controls.
Ongoing enforcement against tax evasion and illicit funds comprises investigations, searches and surveys, assessment of income, taxation, penalties and criminal prosecution; measures include the Undisclosed Foreign Income and Assets Bill with enhanced penalties and prosecutions, a Special Investigation Team for offshore assets, strengthened IT-enabled information collection, adoption of Automatic Exchange of Information standards, renegotiation and expansion of tax treaties, and regulatory controls on foreign remittances and trade-based value manipulation.

Redressal of grievances: administrative priority to resolve taxpayer complaints within prescribed timeline under a departmental action plan.
The Income Tax Department has made Redressal of grievances a core taxpayer service with a prescribed administrative timeline and included it as a key result area in the Interim Action Plan; CB DT issued instructions to senior field heads to prioritise and ensure disposal of pending grievances under that Action Plan. Predominant causes of grievance-related delay are refund processing and tax credit issues arising from incorrect return/challan details, TDS mismatches, non submission of requisite documents, changes in PAN jurisdiction, and inaccessibility of older assessment records.

Non-filer monitoring leads to increased tax collection and new return filings using third-party transaction data.
The Non-filer Monitoring System (NMS) identifies persons and entities undertaking high value financial transactions who have not filed returns by analysing in house and third party data (AIR, TDS/TCS, CIB). NMS identification prompted filing of over thirty lakh new returns and collection of additional tax revenue during 2013-2015, and follow up compliance actions are ongoing with similar exercises planned.

Direct taxes share: more than half of central tax revenues in consecutive years, indicating stronger direct tax collections.
Direct tax receipts are reported for 2012-13, 2013-14 and provisional 2014-15 with revised estimates and actual collections provided; 2014-15 figures are provisional/unaudited. The release highlights that direct taxes comprised a majority share of total central taxes in each reported year and exceeded half of combined central tax revenues in 2013-14 and provisional 2014-15, as stated in a written reply by the Minister of State in the Ministry of Finance.

Sole right to issue banknotes affirmed; government guarantee and central bank responsibility for note quality maintained.
Banknotes are printed by designated public-sector presses and a central-bank subsidiary according to the 2005 series technical specifications and security features. Under the Reserve Bank of India Act, 1934 the central bank has the exclusive legal entitlement to issue banknotes of specified denominations; all banknotes carry a government guarantee and the central bank is responsible for maintaining their authenticity and quality in circulation.

Social and Infrastructure Development Fund funding releases support targeted social and infrastructure initiatives across multiple fiscal periods.
The Social and Infrastructure Development Fund was established with Cabinet approval to finance targeted social and infrastructure initiatives-including vocational institute upgradation, agricultural training, disability employment support, scholarships, groundwater recharge, rural death and disability insurance, and institutional infrastructure-and has received budgetary transfers with recorded allocations and disbursements over successive fiscal periods, as reported by the Minister of State in response to a parliamentary question.

Islamic banking regulatory framework requires clarification of legal and technical issues before any systemic introduction.
Introduction of Islamic/Alternative Banking is contingent on clarification of legal, technical and regulatory issues. After a finance reform recommendation, the Government asked the central bank to assess these matters; an internal inter departmental group examined the issues, has submitted its report, and the central bank is considering the findings before any decision on introduction.

Tax concessions on medicines: specified life saving drugs exempt from customs and excise, others attract concessional duty.
The Government exempts life saving drugs listed in List 4 of Notification No. 12/2012-Customs and bulk drugs used to manufacture them from basic customs duty and excise duty/CVD; drugs listed in List 3 and their bulk drugs attract concessional basic customs duty while excise duty/CVD remains nil. Requests for duty exemptions on bulk drugs are forwarded by the Department of Revenue to the Ministry of Health and Family Welfare and the Department of Pharmaceuticals for recommendation, and no change proposals have been received from those departments.

Priority sector classification: urban cooperative banks may finance agriculture and open branches within approved areas, with ATM rules.
UCBs may extend operations into semi-urban and peripheral rural areas within their approved area and open branches anywhere in that area; they are permitted to finance direct and indirect agricultural activities which qualify as priority sector advances. Off-site/mobile ATM permissions depend on FSWM status and a net-worth threshold: FSWM UCBs meeting the net-worth criterion may open such ATMs without prior approval but must report openings promptly, whereas those not meeting the criterion require prior approval.

Refinance of last mile financiers to expand microenterprise credit and promote self employment under a national refinance scheme.
The Budget proposed a statutory Micro Units Development Refinance Agency to provide refinance and a credit guarantee framework under Pradhan Mantri Mudra Yojana, prioritising SC/ST enterprises. Pending legislation, a SIDBI wholly owned subsidiary has been launched as an NBFI to refinance Last Mile Financiers, including NBFCs lending to micro manufacturing, trading and service units across urban and rural areas and to finalise schemes and rates to support self-employment.

Deposit insurance for cooperative bank depositors remains capped at the statutory limit and no increase is proposed.
Deposit insurance under the DICGC Act covers eligible cooperative banks while excluding non-bank cooperative societies; the statutory insurance cover per depositor per bank remains at the existing limit under Section 16(1), and there is at present no proposal to increase that limit. The Corporation continues to collect premiums from covered cooperative banks and to settle depositor claims as reflected in recent premium receipt and claim-settlement figures.

Foreign portfolio investor position limits in exchange traded currency derivatives permit specified currency exposure with hedging relief.
FPIs may take long and short positions in USD-INR up to USD 15 million per exchange, and combined long and short positions in EUR-INR, GBP-INR and JPY-INR up to USD 5 million equivalent per exchange; beyond those per exchange limits FPIs may take a long position on any exchange to hedge the underlying exposure in the Exchange Traded Currency Derivative segment.

Bank governance reform through an autonomous Bank Board Bureau to centralise leadership selection and enable strategic capital planning.
Establishes an autonomous Bank Board Bureau to centralise selection of public sector bank heads, assist in developing differentiated strategies, and facilitate capital mobilisation through innovative financial instruments as an interim measure toward a holding and investment company for banks.

Financial inclusion expands basic banking access, debit card coverage, and targeted insurance to integrate underserved households into formal finance.
Financial inclusion is a central government priority to extend formal financial services to previously unserved populations by ensuring universal access to basic banking, financial literacy, and access to credit, insurance and pension. The Pradhan Mantri Jan-Dhan Yojana (PMJDY) implements this objective by delivering at least one basic bank account per household, issuing RuPay debit cards with accident cover, and providing specified life insurance benefits to newly enrolled eligible account holders, supported by Government and Reserve Bank of India initiatives.

LTV calculation now permits inclusion of stamp duty, registration and documentation charges to ease affordable housing lending.
Banks may include stamp duty, registration and other documentation charges in the cost of a house or dwelling unit when calculating the Loan to Value (LTV) ratio for qualifying low-cost housing, thereby treating these transactional charges as part of the property cost for LTV purposes and enabling adjusted loan sizing for affordable housing loans.

Universal social security via auto-debit bank-linked schemes expands affordable life, accident and pension coverage to underserved populations.
Three bank-account linked social security schemes expand affordable coverage to underserved and unorganised sector populations. Two insurance schemes provide renewable annual accidental death/disability and life covers administered via public or willing private insurers through banks, with enrolment by consent and auto-debit. The pension scheme establishes a guaranteed minimum defined benefit from age sixty for contributors entering within a prescribed age band; the Government funds any shortfall versus assumed returns and offers limited-term co-contribution for eligible early joiners.

Suspension of fresh registrations under NE industrial incentive scheme halts new benefit claims while scheme remains active.
The NEIIPP, 2007 offers fiscal incentives including a 30% Central Capital Investment Subsidy, a 3% Central Interest Subsidy on working capital loans for ten years, insurance premium reimbursement, excise duty exemptions and income tax exemption for ten years. Fresh registration for NEIIPP benefits was suspended from 1 December 2014 due to committed liabilities exceeding budget allocations, though the scheme remains neither cancelled nor withdrawn. ASIDE has been devolved to States and an Export Development Fund has been set up to promote regional exports.

Exchange rate determination for customs: notified rupee equivalents govern conversion for import and export transactions.
The Central Board sets fixed rupee equivalents for specified foreign currencies to be used in conversion of values relating to imported and exported goods, effective from 8th May, 2015, superseding the prior notification. The instrument attaches two schedules: Schedule I lists per unit rupee equivalents for major currencies with separate import and export rates; Schedule II lists rupee equivalents per one hundred units for currencies quoted per hundred. The specified rates are to be employed by customs authorities and traders for assessment, clearance, and documentation of imported and exported consignments.

Financing for integrated water resources management secures tranche to modernize irrigation and strengthen institutional capacity and certification.
A sovereign loan agreement finances a multi year investment program to improve water availability in selected river basins through IWRM and irrigation modernization, funding modernization of a key irrigation system, implementing sub basin planning, monitoring and performance benchmarking, and building capacity and certification for water sector staff and user cooperatives, with external financing covering the principal share and state government co financing the balance.

Atal Pension Yojna: Government-guaranteed minimum pension scheme with targeted co-contribution and bank auto-debit enrolment support.
The Government approved operationalisation and funding for APY, PMJJBY and PMSBY, including budgetary support for implementation, enrolment promotion and publicity. APY guarantees a minimum pension determined by contributions and age, with a limited period government co-contribution for eligible non taxpaying subscribers who join within the specified window, and spousal continuation and corpus return provisions. PMJJBY and PMSBY provide life and accidental-death/disablement coverage with premiums collected via bank account auto debit to facilitate broad enrolment.