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    8-9 lakh registered companies not filing returns, says Adhia
    Jaitley calls for expeditious use of penalising power by ED
    No question of taxing agriculture income: Panagariya
    Mega Prizes of ₹ 1 crore, ₹ 50 lakh and ₹ 25 lakh for Consumers making digital payments of less than ₹ 1600
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    April 29, 2017
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    Money laundering risk: Unfiled corporate annual returns flagged as potential conduit; authorities monitoring and issuing notices.
    A substantial number of registered companies are not filing required annual returns and are being treated as potential conduits for money laundering; a PMO task force conducts periodic monitoring, notices have been issued to some non filers, and authorities are targeting domestic shell companies and trade based laundering with punitive measures including freezing of bank accounts.
    April 29, 2017
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    Penalising power of ED urged for swift use to curb foreign exchange non compliance and protect public revenue.
    The finance minister urged prompt use of the penalising power of the Enforcement Directorate to counter non compliance with foreign exchange rules and protect the exchequer, while noting that many registered companies failing to file annual returns create potential money laundering risks being monitored by a PMO task force.
    April 29, 2017
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    Taxation of agricultural income clarified: policy documents contain no proposal to tax farmers' income, only anti abuse measures.
    Taxation of agricultural income is expressly not proposed in the NITI Aayog's 3 year action agenda; the document focuses on preventing misuse of agricultural income claims to convert black money, not on taxing farmers. States remain empowered to waive farm loans within their fiscal constraints, and a personal remark advocating taxation was disavowed as not reflecting institutional policy.
    April 10, 2017
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    Digital payment incentives reward small-value cashless transactions, boosting adoption, inclusion and Aadhaar-enabled payment use nationwide.
    A national promotional scheme uses daily, weekly and monthly lucky-draw incentives to encourage small-value digital payments. Eligible channels include RuPay cards, UPI/BHIM, USSD *99# and Aadhaar Enabled Payment System (AePS). The 100-day initiative pairs centralized prize draws and public outreach events to drive adoption, widen formal financial access, and measure impact through qualification volumes, prize disbursements and increased platform usage.

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