Anti-corruption authority empowered to investigate senior public officials and prosecute without prior sanction, with property attachment powers.
Establishes a Lokpal with a Chairperson and eight Members (half judicial), an Investigation Wing and a Prosecution Wing. Jurisdiction covers post tenure Prime Minister, Union Ministers, Members of Parliament, Group A officers and equivalent officers in government financed or controlled bodies, and officers of government aided or publicly funded societies/trusts above a notified income threshold, excluding religious organisations receiving public donations. The Lokpal may initiate prosecution without statutory sanction and may attach property obtained through corrupt means.

Lokpal institution must secure broad consensus and align with constitutional checks before parliamentary introduction.
The government affirms commitment to enact a Lokpal Act establishing a strong, effective and swift institutional mechanism to tackle high-level corruption and intends to present the bill in the forthcoming parliamentary session. A joint drafting committee achieved consensus on many issues but significant divergences remain; the meeting seeks free and frank discussion to build the widest possible support. The Lokpal must complement existing anti-corruption laws, be accompanied by procedural simplification and transparency measures, and operate in harmony with other institutions within the Constitution's basic-structure framework.

Lokpal inclusion debate: Prime Minister urges focused anti-corruption design and national consensus on institutional scope.
The Prime Minister addresses regional security and bilateral engagement, emphasizes a cautious, consultative approach to incorporating the Prime Minister and other officials under a statutory anti-corruption institution, advocates focusing enforcement on high-level corruption, and seeks political consensus on the Lokpal's scope. He defends measured law enforcement responses to public demonstrations while urging civil society to operate within democratic norms. He also highlights priorities for administrative reforms, procurement transparency, infrastructure and defence modernization, and links development initiatives to internal security objectives.

Jurisdictional limitation: Companies Act applies within national territory, while cross-border fund diversion is investigated by other agencies.
The investigatory authority under the Companies Act is confined to the national territory; SFIO operates within that territorial scope and lacks extraterritorial reach, while diversion of funds outside the country is investigated by other law enforcement agencies possessing the requisite powers.

Corporate fraud investigation into alleged diversion of funds continues; disciplinary action pending and international evidence awaited.
Investigation into alleged diversion and siphoning of funds at Satyam is being conducted by SFIO in association with criminal and enforcement agencies to determine directors' roles; disciplinary proceedings against six chartered accountants remain pending, and criminal charge sheets are contingent on evidence sought via letters rogatory from foreign jurisdictions.

Assessment of unaccounted wealth initiated to map money laundering activities and national security implications through institutional research.
The Government approved a coordinated, timebound institutional study to assess unaccounted income/wealth inside and outside the country, identify activities and money laundering mechanisms, and evaluate national security ramifications; three national institutes will undertake the research with inputs from relevant ministries and an eighteen month completion timeline.

Anti money laundering and counter terrorist financing: India joins Eurasian Group, committing to adopt and enforce international standards.
India joined the Eurasian Group, a regional FATF style body, committing to adopt and enforce international AML/CFT standards, engage in peer cooperation, harmonise legal and regulatory frameworks, and strengthen financial sector transparency and safeguards against abuse by organised crime and terrorist groups.

Sustainable business: corporate governance and social responsibility urged to align corporate growth with inclusive, ethical practices.
The address advocates an enabling regulatory framework to promote productive, responsible corporate conduct, noting Ministry initiatives: investor education programmes, MCA21 e governance for company registration, Competition Commission activity, Company Law updates, introduction of limited liability partnerships, and convergence with international accounting standards. It endorses voluntary corporate governance and CSR guidelines, defines sustainability to include economic, social and environmental dimensions, urges corporate-led skill development, rural engagement and responsible resettlement and environmental practices, and requires investigatory powers to be exercised under well defined rules with a Cabinet Secretary review.

PAN mandatory for mutual fund investments-investors must furnish PAN and KYC documents regardless of investment size.
All mutual fund investors, new and existing, must furnish PAN as a mandatory element of revised KYC compliance; fund houses must collect PAN, address proof, and photograph from every investor irrespective of investment amount to align with anti-money laundering requirements and standardise investor identification.

Tracking foreign remittances: joint monitoring mechanism to flag NGOs and share negative list with reporting entities.
An interagency monitoring framework has been established to track inward foreign remittances to NGOs, with 77 NGOs on a prima facie adverse notice list and no FEMA contraventions reported by the Enforcement Directorate. A CEIB sub committee recommended that the Intelligence Bureau share a negative list with the Financial Intelligence Unit for dissemination to reporting entities to enable targeted tracking, and the Government has directed continued joint monitoring to ensure timely legal and procedural follow up of flagged cases.

Information sharing on money laundering: FIU IND authorised to exchange intelligence with foreign FIUs under MOUs for cross border investigations.
Authorization permits FIU IND to conclude Memoranda of Understanding with foreign FIUs to exchange information on money laundering and terror financing; FIU IND has signed MOUs with several countries and some MOUs explicitly reference crimes relating to money laundering, establishing the criminal scope for information exchange.

Fiscal policy commitment: increased short term spending funded by borrowing with a plan for medium term fiscal consolidation.
Government will present the Union Budget in early July, assess prior stimulus measures, and pursue a concrete short term and medium term growth strategy. Near term policy includes increased public spending funded by incremental borrowing to restore growth and employment, consultations with bankers to improve finance availability, re appraisal and strengthening of infrastructure projects, and a commitment to fiscal consolidation over a two to three year period. The Government will advance financial sector and regulatory reforms and bring amendments to the Prevention of Money Laundering Act into force to bolster the anti money laundering framework.

Liquidity support for real estate sector lowers lending costs and provides special refinance and restructuring relief.
RBI implemented liquidity measures for the building and real-estate sector, including repo rate reductions to permit lower lending rates and a Special Refinance Facility routed via the National Housing Bank to enable housing finance companies to obtain funds at reasonable interest; regulators also permitted special treatment for commercial real-estate restructurings up to a specified cutoff. Concurrently, the Government pursued enforcement measures against black money through search and seizure, surveys, return scrutiny, penalties and prosecutions.

Mobile banking regulation requires licensed banks to obtain approval, implement KYC and strong security before offering services.
Only Indian-licensed banks with a physical presence and implemented core banking may offer mobile banking for domestic rupee transactions, subject to prior one-time Reserve Bank approval and board approval. Customer registration requires document-based mandatory physical presence and disclosure of terms. KYC, AML/CFT obligations and STR filing apply. Security mandates include two-factor authentication (for example mPIN with secure storage and end-to-end encryption), application and transport layer encryption, intrusion detection, periodic vulnerability assessments, certified servers and audits. Interoperability, clearing arrangements, transaction limits, complaint redressal and contractual allocation of liabilities are required.

Prevention of Money Laundering amendment to align domestic law with international obligations and strengthen powers over illicit proceeds.
Approval was given for introduction of a Bill to amend the Prevention of Money Laundering Act to enable the Government to meet domestic requirements and international obligations relating to anti money laundering; the original Act provided measures to prevent money laundering and for attachment, seizure and confiscation of proceeds of crime.