Goods and Services Tax rollout and direct subsidy transfers strengthen fiscal transparency and investment facilitation.
Fiscal and regulatory reforms include decontrol of diesel prices, planned introduction of the Goods and Services Tax, and direct electronic subsidy transfers to eliminate leakages. Investment liberalisation raises FDI limits in select sectors and strengthens banking governance. Resource allocation and anti corruption measures shift coal and mining allocations to transparent auctions and establish investigatory and legislative tools against black money. Infrastructure financing is institutionalised through a National Infrastructure Investment Fund and a dedicated small business credit institution, accompanied by large scale financial inclusion and social security enrolments.

Transparency in resource allocation drives anti-corruption and direct-benefit reforms to restore public trust and improve service delivery.
The communication emphasizes transparency in allocation of natural resources via auctions, anti-illicit-wealth measures through investigative and legislative action, and administrative reforms to restore public trust. It describes welfare and infrastructure initiatives under Antyodaya-direct delivery of subsidies to bank accounts, expanded social security and pensions, broader banking access, investments in education, health, sanitation, agricultural support, disaster relief, and national connectivity-framing a combined policy approach of anti-corruption, direct-benefit mechanisms, federal cooperation and infrastructure investment to improve service delivery.

Goods and Services Tax implementation prioritized as central tax reform, with land legislation and anti black money laws to follow.
Implementation of Goods and Services Tax and passage of the Land bill are primary legislative priorities to effect major indirect tax reform, accompanied by direct tax rate reductions, measures to resolve legacy tax disputes, and laws to squeeze black money. The Government emphasises transparency, an end to investigative agency abuse, and fiscal management measures including contained fiscal deficit, record disinvestment receipts, early reduction in bank NPAs, and commitments to rural infrastructure, social security schemes, and financial inclusion through pension, insurance, and MUDRA initiatives.

Capital account convertibility requires strong macroprudential safeguards before liberalisation to manage financial stability risks and sequencing.
Capital account convertibility permits unrestricted currency conversion for cross border asset transactions and exposes the economy to heterogeneous flows-from long term productive investment to short term volatile portfolio movements. Its benefits include broader financing channels and potential efficiency gains; its risks include sensitivity to macroeconomic conditions, sudden reversals, exchange rate volatility, and crises from unhedged foreign currency liabilities. India has progressively liberalised FDI and portfolio access while maintaining prudential limits on foreign currency debt and restricting speculative offshore rupee trading. Full convertibility should be pursued incrementally, contingent on fiscal consolidation, price stability, financial sector health, market depth, and stronger supervision.

Benami property prohibition expanded to allow attachment and confiscation with penal sanctions to curb concealed wealth.
Amendment to the Benami Transactions (Prohibition) Act, 1988 authorises strengthened measures against benami property by introducing provisions for attachment and confiscation of benami assets and a reinforced penalty regime including fine with imprisonment, implemented through the Benami Transactions (Prohibition) (Amendment) Bill, 2015 as a statutory tool to curb black money.

Disproportionate assets prosecution overturned, reversing a long running conviction and restoring eligibility implications for office.
The Karnataka High Court set aside a Special Court conviction in a prosecution alleging acquisition of assets disproportionate to known sources of income by J Jayalalithaa, reversing a prior sentence and fine imposed after an 18 year trial which featured transfer of trial outside the state, contested prosecutorial appointments, and protracted litigation.