Chargeability to Securities Transaction Tax: Section 10(38) exemption restricted, but government exempts certain equity acquisitions from STT requirement.
The notification clarifies that the STT chargeability condition for claiming exemption on long term capital gains from equity share transfers shall not apply to acquisitions entered into on or after 1 October 2004, subject to exclusions for specified transactions (such as preferential issue acquisitions in infrequently traded companies, off exchange acquisitions of listed shares, and acquisitions during delisting), with further exceptions in those categories to protect genuine investors.

Public service access under RTPS Act enhanced to improve timeliness, efficiency and accountability in Assam service delivery.
The World Bank IBRD credit supports a multi-source programme to improve citizens' access to selected services under the RTPS Act in Assam, combining Bank finance with State budget contributions. An implementing entity agreement assigns implementation responsibilities to the State, while the programme uses an integrated approach to enhance timeliness, efficiency and accountability in service delivery over a multi-year period.

Government website standardization: unified, GIGW compliant portals improve accessibility and content delivery across devices.
A common landing webpage for the Ministry of Finance and a mobile friendly Department of Expenditure site were deployed using a Content Management Framework to centralize departmental websites and improve content delivery; both sites conform to the Guidelines for Indian Government Websites and incorporate mobile responsiveness, in built search, text to speech, language translation, and visitor analytics to standardize accessibility and governance under the Digital India initiative.

Indian economy reforms: GST rollout, Insolvency Code, FDI liberalisation and anti black money measures to widen formalisation.
The government implemented coordinated fiscal, monetary, taxation and sectoral reforms to restore macroeconomic credibility, including fiscal consolidation and a statutory Monetary Policy Committee; wide-ranging FDI reforms; preparation and rollout of GST to unify indirect taxation and digitise administration; demonetisation and enforcement measures (Black Money Act, Benami amendments, Operation Clean Money) to broaden the taxpayer base; enactment of the Insolvency and Bankruptcy Code, 2016; banking resolution powers via the Banking Regulation amendment; and market oriented disinvestment and financial inclusion initiatives under JAM and DBT.

Registered valuer regime: mandatory certification, standards and disciplinary framework for valuation practice and professional bodies.
These Rules require individuals and partnership entities to obtain a certificate of registration from the Registration Authority before practising as registered valuers, prescribe eligibility, qualifications and a Valuation Examination, set conditions of registration including compliance with Valuation Standards and record-keeping, and establish recognition, governance and disciplinary obligations for Valuation Professional Organisations including model bye-laws, monitoring, grievance redressal and disciplinary procedures with power to suspend or cancel registration or recognition.

Tariff value revision for specified edible oils and commodities alters customs valuation and notification entries.
Amendment substitutes Tables 1-3 of Notification No. 36/2001-Customs (N.T.) under authority of the Customs Act, prescribing revised tariff values for specified imported commodities including crude and RBD palm oil, palmolein varieties, crude soybean oil, brass scrap, poppy seeds, areca nuts, and valuation entries for gold and silver where certain notification benefits are availed; the substituted tables serve as the operative basis for customs valuation and administration of the referenced notification benefits.

Loan guarantee for solar rooftop financing mobilises multilateral credit to expand commercial and industrial rooftop solar deployment.
ADB provided a government guaranteed loan to Punjab National Bank to finance large commercial and industrial solar rooftop systems, with PNB on lending to developers and end users. The loan is the first tranche of the Solar Rooftop Investment Program, financed from a concessional climate fund administered by ADB, and is structured to mobilise multilateral concessional financing and a public guarantee to catalyse private lending for rooftop solar deployment.

Extension of SFT filing deadline grants additional time for reporting specified financial transactions to ease compliance nationwide.
Extension of the filing deadline for the Statement of Financial Transactions (SFT) was granted to address implementation teething problems and the large volume of data, thereby providing additional time to persons nationwide required to furnish the SFT and facilitating ease of compliance by altering the statutory timeframe for reporting specified financial transactions.

Statement of Financial Transaction filing requires ITDREIN registration when reportable transactions exist; preliminary response option available online.
The CBDT requires reporting persons with reportable transactions to register on the e filing portal and obtain an ITDREIN using their income tax e filing login; PAN holders must use PAN based ITDREIN while TAN holders may generate ITDREIN where organisational PAN is unavailable. A portal "SFT Preliminary Response" lets reporting persons mark specified transaction types as not reportable. Form 61A upload utilities, schema, and guidance are on the e filing and clean money sites, and electronic submission mandates a class 2 or 3 Digital Signature Certificate with instructions in the help section.

Phasing out Foreign Investment Promotion Board transfers FDI approval processing to administrative ministries with DIPP-led SOPs.
The Government has abolished the Foreign Investment Promotion Board and transferred processing and approval of FDI applications under the extant FDI Policy and FEMA to the concerned administrative Ministries/Departments, to act in consultation with the Department of Industrial Policy & Promotion, which will issue a Standard Operating Procedure for processing applications and governmental decisions.

Benami prohibition enforcement: strengthened attachment and prosecution powers drive intensified investigations and dedicated enforcement units.
The Benami Transactions (Prohibition) Amendment Act, 2016 empowers provisional attachment and confiscation of benami properties and criminal prosecution of beneficial owners, benamidars, abettors and inducers with imprisonment and fines related to fair market value. The Income-tax Department has identified and provisionally attached numerous benami transactions across bank deposits, land, flats and jewellery, established 24 dedicated Benami Prohibition Units for enforcement, and undertaken targeted searches to uncover illicit wealth.

India-Africa partnership emphasizes voluntary equal collaboration shaping shared development priorities and aligning with AfDB High Five agenda.
India-Africa cooperation is framed as a voluntary, non-impositional partnership supported by high-level engagement, with partner countries retaining autonomy to set their development priorities. The AfDB Annual Meeting in India emphasised alignment between the AfDB's High Five strategic priorities and Indian policy, identifying mutual opportunities to coordinate development cooperation, policy alignment, and institutional efforts to advance shared infrastructure, energy, and growth objectives.

Public debt management: comfortable cash position enabled buy backs and reduced market borrowings, lowering rollover risk.
Public debt management in Jan-Mar 2017 combined completion of scheduled dated security issuance with cash driven buy backs and reduced fresh market borrowings to lower net borrowing needs and rollover risk; internal debt and marketable securities remained the dominant components of public debt, about one quarter of stock had residual maturity up to five years, and implementation of budgeted buy backs/switches contributed to reduced rollover exposure.

India's macroeconomic stability improved via fiscal consolidation, lower CPI inflation and stronger external sector buffers.
Improvement in macroeconomic stability is attributed to fiscal consolidation with a declining fiscal deficit to GDP ratio, sustained reduction in headline CPI supported by food management and adoption of a formal inflation target of 4% 2%, and strengthened external resilience through narrowing current account deficits, higher foreign exchange reserves and sustained net FDI inflows.

Asset confiscation of fugitive economic offenders proposed to secure submission to jurisdiction; public consultation on draft bill invited.
The draft Bill establishes a mechanism to detain and realise domestic property of persons who abscond to evade legal process, targeting high value economic offenders and envisaging asset confiscation of assets located in India until the fugitive submits to the jurisdiction of the appropriate forum, while affirming that constitutional safeguards will be followed.

Multilateral instrument for BEPS: implements anti treaty abuse and MAP measures to modify existing tax treaties upon ratification.
Approval authorizes signature of a multilateral instrument to implement BEPS measures by modifying the application of existing bilateral tax treaties; it implements two minimum standards-prevention of treaty abuse and MAP dispute resolution-applies alongside covered treaties, allows exclusions and reservations, and requires signature followed by ratification with provisional and final lists of covered agreements and reservations.

Tax compliance drive expanded as data matching and digital verifications brought unexplained cash holdings into the tax net.
Demonetisation led tax authorities to identify persons whose cash transactions diverged from their tax profiles and to deploy data driven matching, targeted SMS and email verifications, and an online portal to regularise unexplained deposits and collect undisclosed income.

Tax compliance portal enables citizen engagement and targeted e-verification to strengthen transparent tax administration through data analytics and centralized monitoring.
Operation Clean Money creates an online portal for e-verification of large cash deposits to enhance tax compliance and transparent tax administration, enabling taxpayers to submit explanations electronically and allowing the Income Tax Department to record satisfactory responses without further action. The initiative couples data analytics with a targeted enforcement framework-digital communication of specific issues, segmental reporting, centralized monitoring and escalation, and selection of enforcement measures for inadequate responses-while incorporating incremental transaction reporting to identify additional cases for verification.

Benami property allegations prompt income-tax raids targeting nominee firms and suspected tax evasion linked to land transactions.
Income-tax authorities conducted coordinated searches and surveys at multiple premises on allegations of benami deals and associated tax evasion linked to a political family, targeting businessmen, real estate agents and nominee firms said to have no employees or turnover, with raids conducted to gather evidence of concealed ownership and undeclared land transactions.

Public financial reforms streamline rules, rationalise schemes, expand benefit transfers and digitise pension and revenue processes.
The Department issued General Financial Rules to streamline fiscal management, removed the plan/non plan distinction, rationalised Central Sector and Centrally Sponsored Schemes with defined start/sunset dates and third party evaluation, expanded Direct Benefit Transfer via PFMS for social payments, introduced a Non Tax Receipt Portal, raised delegation thresholds for appraisal and approval to speed decisions, digitised pensioner services, and approved modifications to pension revision and disability pension arrangements with quantified fiscal implications.