Project monitoring mechanism enables issue resolution for large infrastructure and industrial projects through centralized review and digital coordination.
To minimize project delays the Government has institutionalized a monitoring mechanism, the Project Monitoring Group, for large infrastructure and industrial projects above a specified investment threshold; the PMG conducts centralized reviews, facilitates inter-ministerial and state-level issue resolution, and allows private companies to register implementation problems. Departmental oversight by the Department for Promotion of Industry and Internal Trade and the National Industrial Corridor Development Corporation supports regular monitoring of greenfield industrial nodes, while the digitally supported PM GatiShakti National Master Plan enables synchronized multimodal infrastructure planning for industrial zones and clusters.

Tax searches target real estate group over alleged evasion, authorities examining company records and financial transactions.
Income tax authorities conducted coordinated searches at multiple premises of a major real estate group across the national capital region and neighbouring states, seizing and reviewing company records, corporate documents, and financial transaction data to investigate allegations of tax evasion tied to the group's real estate business and to determine compliance across project and transactional streams.

Local body grant eligibility: transparency, uploaded accounts and action plans required before central funds are disbursed to rural governments.
The Department of Expenditure released a tranche of grant-in-aid to Rural Local Bodies as part of 2021-22 allocations, structured with 60 percent as tied grants for drinking water and sanitation and 40 percent as untied grants for local discretion. Eligibility requires publication of provisional and audited accounts by at least 25 percent of local bodies, upload to eGramSwaraj and Audit Online, and that recipients be duly elected; tied grants additionally require uploaded Annual Action Plans for sanitation and drinking water and reporting of fund utilization. States must transfer funds to local bodies within ten working days or pay interest on delayed transfers.

Consolidated social registry to expand cash transfers and digital social protection access for vulnerable groups in West Bengal.
A loan-supported project will strengthen West Bengal's capacity to expand coverage and access to targeted social assistance by establishing a consolidated social registry and digitizing the Jai Bangla unified delivery platform to improve cash transfer and social pension delivery to vulnerable groups, while introducing a tele-consultation network, case management workforce, and institutional coordination to address data fragmentation and improve program effectiveness.

Land monetization SPV to centralize and professionalize disposal and management of surplus public land assets.
NLMC, a government-owned Special Purpose Vehicle, will acquire, hold, manage and monetize surplus non-core land and building assets of CPSEs and act as agency for monetization on behalf of other government entities; it will be a lean company with a board of government and expert directors and hire private-sector specialists to maximize value realization and support closure and strategic disinvestment processes.

Financing for growth: budget measures to mobilise institutional, digital and sustainable finance for infrastructure and startups.
The document summarises post budget measures to mobilise finance for growth by attracting foreign capital, strengthening institutional financing (new DFIs, NIIF, GIFT IFSC), expanding credit to MSMEs, granting infrastructure status to affordable housing, and advancing digital finance (Digital Banking Units, digital payments, CBDC). It emphasises innovative and sustainable financing for Industry 4.0, startups and sunrise sectors, and the use of thematic/blended funds and climate finance instruments to channel investment into high employment and sustainable areas.

Financing for growth and aspirational economy webinar to accelerate implementation of Union Budget measures through multi stakeholder inputs.
The Ministry of Finance is convening a Post Budget Webinar titled 'Financing for growth and aspirational economy' to accelerate implementation of Union Budget 2022 announcements by obtaining stakeholder inputs and catalysing actionable plans. The webinar will include central ministries, NITI Aayog, Capacity Building Commission, state governments, financial regulators, industry associations and investor communities, and is organised into five thematic sessions on infrastructure finance, employment intensive sectors, infrastructure enablers, digital banking and finance, and climate, sustainable and sunrise sector finance to shape an implementation action plan.

Digital market concentration risks: regulators urged to assess intangible-asset driven dominance and adapt competition policy accordingly.
The conference focused on economic drivers of concentration in digital markets-network effects, scale economies, synergies among intangible assets, and venture capital/private equity financing-and questioned when size and capital concentration should influence competition assessment. It stressed that application of the Competition Act, 2002 requires market-specific economic analysis, promoted a feedback loop between antitrust research and enforcement, and committed to undertaking market studies and stakeholder consultations to inform enforcement and advocacy.

Transfer pricing scrutiny: unsupported related party technical service and royalty claims face disallowance and further tax adjustment.
Investigations disclosed unsupported cross border related party payments for technical services and royalties lacking substantiation of receipt, nature, or valuation, rendering those expense claims prima facie disallowable. The probe also identified profit shifting via understated margins in a software services entity and manipulation of accounting provisions to reduce taxable income; inquiries continue to determine appropriate tax adjustments.

Tax evasion exposed via search operations uncovering inflated expenses, hawala links and undisclosed assets; investigations continue.
Income-tax search and seizure operations in Mumbai uncovered incriminating documents and digital evidence indicating unaccounted cash receipts and payments, particulars of around three dozen immovable properties held through associates or benamidars, and evidence of international hawala routing. Records show a modus operandi of tax evasion through inflated expenses and over invoicing of sub contract payments, extraction of cash for undue favours and unaccounted property investments. Preliminary assessment notes substantial suppression of income; undisclosed cash and jewellery were seized and investigations are ongoing.

e-Bill processing system enhances transparency and expedites government payments with real-time tracking and efficiency.
The e-Bill processing system creates an electronic, faceless and paperless workflow for suppliers to submit and track payment claims in real time, integrating with PFMS and TSA to reduce processing delays, improve fund-release efficiency and strengthen safeguards against diversion of public funds; rollout begins with a pilot in selected Pay & Account Offices.

Digital bill submission mandated for government vendors, enabling authenticated online filing, FIFO processing and digital payments.
Launch of the e-Bill system establishes a mandatory digital mechanism for electronic submission, authentication by digital signature or Aadhaar-based e-sign, online tracking, digital processing and direct electronic payment of government bills; backend processing will follow a First-In-First-Out (FIFO) rule, with comprehensive digital storage and audit trail, initial rollout across nine Pay and Accounting Units and phased expansion planned.

Economics of Competition Law conference emphasizes market reforms and enforcement dialogue through virtual sessions and expert plenary.
The Competition Commission of India will hold the 7th National Conference on Economics of Competition Law in virtual mode, featuring a keynote, a plenary on reforms and market deepening, and two technical sessions. The Conference aims to stimulate research, develop antitrust economist capacity, and derive enforcement-relevant inferences for the Act. Media access is permitted in virtual mode subject to advance registration to receive the event weblink.

Electronic bill processing enhances government payment transparency and enables online, trackable supplier claims across central ministries.
Launch of a nationwide Electronic Bill (e Bill) processing system to be implemented across all Central Ministries and Departments, enabling suppliers and contractors to submit claims online and track payments in real time to achieve faceless, paperless, transparent and efficient government payment operations; and emphasis on the Public Financial Management System (PFMS) as the unified IT platform for government payments including direct benefit transfers and accounting functions.

Non-Million Plus city grants split into untied and sector-tied components to bolster sanitation and water services.
Grants targeted to Non-Million Plus cities were released to six States as part of a broader fiscal programme: allocations follow a Finance Commission-based framework splitting grants for Non-Million Plus cities into 40% basic (untied) grants-usable for location-specific needs except salaries-and 60% tied grants. Tied grants are equally earmarked for sanitation and solid waste management (including star-rating attainment) and for drinking water, rainwater harvesting and water recycling, intended to supplement existing central and state schemes; State-wise releases are recorded in an annexure.

Financial stability oversight: FSDC urges continuous regulatory vigilance to address macro financial vulnerabilities and promote sector development.
The Financial Stability and Development Council (FSDC) reaffirmed its role in monitoring macro financial conditions and institutional functioning, emphasising continuous vigilance by the Government and regulators to identify and mitigate medium to long term financial vulnerabilities. The Council reviewed mandates and macro financial challenges, discussed measures for financial sector development to support inclusive growth with macroeconomic stability, and noted actions by the FSDC Sub Committee and follow up on prior decisions.

Trade promotion strategy revamped to create a future-ready commerce department with centralized processes and strengthened negotiation teams.
Revamping the Department of Commerce aims to create a future-ready institutional architecture with a dedicated Trade Promotion Body to set export targets and execution accountabilities, strengthened DGFT and missions for market intelligence, multi-skilled negotiation teams, a Trade Remedies Review Committee for transparent investigations, centralized digitized trade facilitation, and a centralized data and analytics ecosystem to support Brand India and agile market-responsive operations.

Tax Audit Report compliance: taxpayers must accept submitted audit reports to complete statutory filing and verification.
More than 29.8 lakh Tax Audit Reports and related statutory audit forms were filed via the electronic portal, with substantial submissions on the extended due date and in the final five days; filings included major audit report categories and other specified forms. Additionally, over five crore income tax returns were verified, a majority processed, and refunds issued, and taxpayers are urged to accept the audit reports submitted by their chartered accountants to complete statutory submission and enable return processing.

Urban local body grants released to states for Non Million Plus cities, with distinct untied and tied funding for services.
The Department released grants to States for Urban Local Bodies in Non Million Plus cities, with funding structured per the Finance Commission's recommendations: 40% as basic (untied) grant for location specific needs (excluding salaries and establishment costs) and 60% as tied grant to support service delivery. The tied portion is split equally between sanitation and solid waste management (including star rating attainment) and drinking water, rainwater harvesting and recycling, intended to supplement existing central and state schemes.

Sovereign souvenir coin launch underscores need for upskilling, quality assurance, and branding of state numismatic production.
SPMCIL celebrated its seventeenth foundation day with a virtual programme unveiling the first colour souvenir coin themed "Panchtantra," attended by senior finance ministry officials and company leadership, and recognising meritorious employees. The finance ministry emphasised upskilling and technological upgrading, together with improving product quality and branding SPMCIL as a lead producer of currency and other sovereign products, signalling operational priorities for workforce development, quality assurance, and public branding of the state-owned issuer.