Recovery of tax arrears prioritized through dossier monitoring and standardized asset-detection procedures to accelerate enforcement.
Recovery of outstanding arrears in direct taxes is an ongoing administrative priority; large unpaid dues are monitored at senior departmental levels via dossier-based oversight. Where taxpayers are untraceable or assets appear inadequate, standardized procedures are applied to accelerate enforcement and detect assets, including bank accounts, to facilitate collection.

Microfinance regulation: new Bill proposed to establish statutory framework to promote and regulate microfinance and expand access.
The Department of Financial Services is formulating the Micro Finance Institutions (Development and Regulation) Bill 2012 to provide a formal statutory framework to promote, develop, regulate and orderly grow the microfinance sector and thereby facilitate universal access to integrated financial services for the unbanked population, in response to constraints on MFIs including limited financing sources, an unclear regulatory environment, weak management information systems and insufficient trained management talent.

Access criteria for centralized electronic payment systems eased, enabling more licensed banks to connect through direct or sub membership.
The Reserve Bank of India revised access to Centralized Electronic Payment Systems by rationalizing eligibility thresholds to expand direct membership for licensed banks and opened a sub membership route for banks previously excluded due to access criteria or cost considerations, enabling broader connectivity to centralized payments infrastructure.

Domestic money transfer reporting: banks must report transactions under new relaxations to enable regulatory monitoring.
The central bank issued guidelines relaxing rules for domestic money transfer and required banks and authorised prepaid payment issuers to report the number of transactions effected under that relaxed regime to the regulator for monitoring and data collection.

Revival package review of cooperative credit assesses STCCS implementation impacts and informs LTCCS policy adjustments.
A Task Force assessed the impact of the Agricultural Debt Waiver and Debt Relief Scheme, 2008 and the implementation of the Revival Package for the Short Term Cooperative Credit Structure in the implementing States on the Revival Package for the Long Term Cooperative Credit Structure; the Task Force has submitted its report and the government is finalising a proposal in consultation with the concerned Ministries.

Payment network approval enables a domestic card scheme to operate as an authorized network facilitating cashless transactions.
Approval under the Payment and Settlement Systems Act, 2007 authorized a domestic payment entity to operate a card payment network and permit public issuance of affiliated cards by banks for ATM and micro ATM use and a pilot debit card launch, enabling banks to issue cards on the approved network and to enable cashless transactions at Point of Sale and Micro ATM channels.

BIFR-like institution: no proposal to create an agriculture-sector analogue; BIFR does not provide grants.
The Board for Industrial and Financial Reconstruction (BIFR) serves to detect sick and potentially sick companies and consider their revival or rehabilitation and does not provide grants or financial assistance; no proposal exists to create a comparable BIFR-like institution to deliver basic infrastructural facilities to the agriculture sector.

Tax enforcement targets concealed income using searches, seizures and penalties to unearth unaccounted assets and prosecute where appropriate.
The Income Tax Department conducts searches, seizures and surveys on credible information indicating possession of money, bullion, jewellery, documents or other valuables that may represent undisclosed income, applying these powers to individuals, HUFs, firms, companies, associations, bodies of individuals, local authorities and other juridical persons; operations are intelligence-driven and centralised person/sector/state-level details are not maintained.

White Label ATM permission expands ATM deployment and supports financial inclusion in underserved areas nationwide.
Reserve Bank policy authorises non-bank entities to establish, own and operate White Label ATMs under a regulated framework, with detailed deployment guidelines to be issued following public consultation. The initiative aims to increase ATM penetration and support financial inclusion in underbanked rural and urban areas.

Interest subvention scheme continues, providing concessional short term crop loan rates but excluding land development banks from coverage.
The Interest Subvention Scheme subsidises interest on one year short term crop loans to make them available to farmers at a concessional rate, with incremental additional subvention for prompt payers and continuation announced for the next budget year. The scheme is payable to Public Sector Banks, Regional Rural Banks and Cooperative Banks; Land Development Banks are not covered because they are not Cooperative Banks as defined in the banking regulatory framework.

Interest rate deregulation for NRI deposits broadened banks' pricing flexibility and raised FCNR(B) rate ceilings for select maturities.
Deregulation of interest rates on non-resident rupee accounts gave banks discretion to raise NRE term deposit rates, driving increased NRE balances and modest NRO growth. Additionally, the ceiling on FCNR(B) deposit interest was raised, increasing permitted spreads above corresponding LIBOR/swap rates for specified one-to-three and three-to-five year maturities, thereby changing the regulatory cap on foreign-currency non-resident term deposit pricing.

Investment limit for government cash surplus may be revised to allow broader RBI investment and reduce interest burden.
The existing arrangement permits the RBI, in consultation with the Government, to invest Government cash surpluses up to a fixed maximum in securities from the RBI's portfolio, while any surplus above that ceiling remains idle; authorities propose revising the investment limit to enable broader RBI investment of surplus funds to reduce the Government's net interest payments.

Repayment of Government Stock at par: payment via bank credit or pay order; submit bank mandate or tender securities in advance.
Outstanding 10.25% Government Stock, 2012 is repayable at par on maturity and interest ceases thereafter. If a holiday under the Negotiable Instruments Act falls on the maturity date, repayment in that State will be made on the previous working day. Maturity proceeds to registered holders in SGL/CSGL or Stock Certificate form shall be paid by pay order with bank particulars or by credit to an account able to receive electronic funds under sub-regulations 24(2) and 24(3) of the Government Securities Regulations, 2007. Absent bank particulars, holders may tender discharged securities at designated paying offices twenty days before maturity.

Investor-friendly regulatory reforms streamline approvals via a unified online single-window to ease foreign investment procedures.
The government links improved capital inflows and a better Doing Business ranking to sustained regulatory and administrative reforms aimed at attracting Foreign Direct Investment. Central measures emphasise digital platforms (MCA-21, ICE-Gate), statutory transparency and enterprise support, state single-window systems, consolidated tax payment windows, and the eBiz Project-a unified online single window for registrations, filings, approvals and clearances across government levels to streamline investor interactions.

Fiscal consolidation urged to restore growth; push for Direct Tax Code, GST and targeted duty reliefs announced.
Emphasises the imperative of fiscal consolidation to restore growth, citing high fiscal and current account deficits, oil import dependence and subsidy burdens; defends the 2009 stimulus. Advocates structural tax reforms-Direct Tax Code and GST-to boost revenue buoyancy and compliance, and announces targeted Customs and Central Excise concessions and operational measures for jute bags and foodgrain storage. Commits to publish a White Paper on black money with prosecutorial disclosures and rejects treating India as a tax haven.

Current account deficit containment via customs duty hikes on gold and RBI prudential limits on gold backed NBFC lending.
The current account deficit widened through 2007-2011 and has been financed by capital inflows and reserve drawdowns; higher imports of petroleum and gold drove the increase. The Union Budget 2012-13 proposes increased basic customs duty on specified gold and platinum imports, and the Reserve Bank of India has adopted prudential measures restricting gold collateral lending by NBFCs to limit gold financed imports' impact on the balance of payments.

Outstanding credit of scheduled commercial banks shows reported annual growth and higher public sector lending trends over 2008-2010.
The Reserve Bank of India maintains and publishes data on outstanding credit of Scheduled Commercial Banks, distinct from loan disbursement figures, reporting aggregate outstanding credit and annual growth rates for the years ending 31 March 2008-2010. Separate figures and growth rates are provided for outstanding credit to Central and State Government departments and public financial and non financial corporations, and these data were furnished to Parliament in a written reply by the Minister of State for Finance.

Public financial institution investment: disclosure of equity holdings and regulatory compliance for investments in a tobacco company.
Disclosure reports substantial equity holdings by two public financial institutions in a tobacco company and identifies those investments as part of institutional portfolios. One institution's investments span government securities, infrastructure financing and corporate equity within permissible regulatory norms; the other operates under its founding statute and makes equity investments across sectors as part of its main business. The investment in the tobacco company is thus presented as effected pursuant to institutional investment policies and legal mandates and was disclosed in a parliamentary reply.

Search and seizure enforcement using international tax information leads to verification, penalties and prosecution under direct tax laws.
Information received under DTAAs and TIEAs is verified under Direct Tax laws to detect undisclosed foreign remittances and holdings; upon concealment the Income Tax Department levies penalties, may initiate prosecution, and employs compliance measures including scrutiny, surveys and search and seizure to bring undisclosed amounts to taxation.

Outsourcing security protections: no data leaks or refund frauds tied to outsourced IT; third-party audits and SLA enforcement.
Outsourcing of IT functions by the income tax department assigns CPC and e filing tasks to vendors while requiring continuous performance evaluation and third party certification of compliance with Service Level Agreements, including Security SLAs, to prevent data leaks and refund frauds.