Financial saving shift: demonetisation accelerated household move to market instruments, supporting mobilisation of savings for investment revival.
The document finds that India's investment slowdown began in 2012, with private investment accounting for most of the decline, and that investment slowdowns harm growth; it states policy priority is to revive investment by mobilising savings through measures to unearth black money, encourage conversion of gold into financial saving, and notes that demonetisation has helped raise the share of financial saving while government steps include bad debt resolution and public bank recapitalisation.

Aadhaar linking requirement extended for small savings schemes, postponing mandatory submission and widening scheme coverage.
The government has extended the deadline for mandatory Aadhaar linking for small savings schemes, requiring depositors to submit the unique biometric identifier when opening accounts or purchasing certificates and directing existing depositors who have not furnished it to provide the number by the new deadline; the extension also aligns linkage timelines for a wide range of welfare and subsidy programmes to enhance identity verification and targeted delivery.

Company name removal and director disqualification under Companies Act follow non filing and suspected illicit deposits after demonetisation.
Registrars identified companies failing to file Financial Statements or Annual Returns for consecutive years and removed company names from the register by following the strike off procedure under Section 248 of the Companies Act, 2013. The Government ordered investigations into true ownership where banking records showed exceptional deposits and withdrawals, and identified directors for disqualification under the Companies Act for continuous non filing for three financial years.

Aadhaar seeding requirement mandates submission of Aadhaar for client due diligence, enabling identity verification and curbing illicit accounts.
Amendments require individuals eligible for Aadhaar to submit their Aadhaar number to banks for Client Due Diligence at account commencement or, if not yet assigned, to provide proof of enrolment; the provision integrates Aadhaar submission into onboarding to prevent fictitious and benami accounts and to secure beneficiary identity and entitlements.

Recapitalisation of public sector banks affirmed as government's legal and moral responsibility to protect banking support for growth.
The minister defended demonetisation, GST rollout and large public sector bank recapitalisation as policies incurring short term costs but expected to produce medium to long term economic benefits; he framed bank recapitalisation as a legal and moral responsibility to preserve banks' ability to support growth, noted GST composition threshold changes and uptake, and contrasted government claims of sustained growth and infrastructure activity with opposition allegations of rising unemployment, falling exports, fiscal risks and sectoral distress.