Digital Banking Units expand access to paperless banking and end-to-end digital processing for underserved customers nationwide.
The document outlines the establishment of Digital Banking Units (DBUs) as brick-and-mortar outlets offering digital banking in two modes-self-service (24x7) and assisted digital assistance-to enable paperless access for customers without ICT devices or digital skills, providing core services including account opening, deposits/withdrawals, fund transfers, investments, end-to-end digital processing of small-ticket retail and MSME loans, card services, bill and tax payments, and onboarding to government credit-linked schemes via an integrated portal.

Freedom of entry, competition and exit promoted through insolvency reforms and IBC's role in fostering entrepreneurship.
Conference examined regulatory and institutional measures advancing freedom of entry, competition and exit, emphasizing the IBC's role in promoting entrepreneurship, corporate governance implications, and a forthcoming cross border insolvency framework. The IP Conclave focused on adjudicating authority perspectives, capacity building for insolvency professionals and released a research publication while recognizing nationwide outreach by practitioners.

Anti money laundering commitment reinforces support for FATF strategic priorities and funding to enhance asset recovery and transparency.
The ministerial communique endorses FATF strategic priorities for 2022-24-including strengthening the FATF global network, preserving Mutual Evaluations, advancing Beneficial Ownership Transparency, enhancing Asset Recovery, leveraging Digital Transformation, and ensuring Sustainable Funding-and records a national commitment to combat Anti Money Laundering, Terrorist Financing, and Proliferation Financing while providing resources and political support for FATF implementation.

Monetary policy priority shift to inflation over growth, with accommodative stance transitioning toward gradual liquidity withdrawal.
The Reserve Bank revised inflation and growth projections and reprioritized policy to place inflation ahead of growth while retaining an accommodative stance focused on gradual withdrawal of accommodation. The LAF corridor was normalized and a new uncollateralized Standing Deposit Facility introduced as the corridor floor; the fixed rate reverse repo is retained for specified uses. Liquidity withdrawal will proceed over a multi year timeframe contingent on credit absorption, government spending and capital flows. The RBI also announced HTM limit relief to support government borrowing, supervisory action on digital lending and KYC, cardless ATM withdrawals via UPI, and calibrated CBDC pilots.

Wilful defaulter restrictions limit credit, capital market access and bar participation in insolvency resolution processes.
Authorities and banks pursue recoveries through civil suits, Debts Recovery Tribunals, SARFAESI actions, insolvency proceedings under the Insolvency and Bankruptcy Code, and sale of NPAs, following RBI guidance. Enforcement measures against wilful defaulters include asset attachment under the Prevention of Money Laundering Act with restitution to banks, prohibition of additional banking facilities, five year restrictions on new ventures, debarment from capital market fundraising, and exclusion from insolvency resolution processes.

Property restoration under PMLA and FEOA enables return of laundered assets to legitimate claimants, increasing bank recoveries.
The Prevention of Money Laundering Act and the Fugitive Economic Offenders Act permit Special Courts to restore property/assets involved in money laundering to third party claimants with legitimate interest, including banks; these provisions enable attachment of assets, confiscation to the Government, and restitution to public sector banks. In the cited fraud matters, a large proportion of the alleged defrauded funds had been attached as of 15.03.2022, a substantial share of attached assets was restituted to banks, some assets were confiscated to the Government, and banks realized further recoveries by sale of assets handed over by enforcement authorities.

Company strike-off under section 248 enforces removal of inactive companies from the register after due process.
Registrar-driven strike-off actions under the Companies Act use section 248(1) to remove companies believed inactive for the two immediately preceding financial years after due process and confirmation that no application for dormant company status under section 455 was filed. The term Shell Company is not defined in the Act; red flag indicators recommended by a Special Task Force are used to identify suspected shell companies.

Augmented Reality skilling expands via public-private partnership enabling teacher training and student-focused Lensathon with female participation emphasis.
Atal Innovation Mission, NITI Aayog partnered with Snap Inc. to deliver nationwide AR skilling by training ATL-affiliated teachers, extending AR learning to students, and supporting start-ups via AIC-led AR advertising bootcamps and ad credits; the launch included a Lensathon and targeted workshops to increase participation of girls and young women aged 13 and above, led by Women Lens Creators and Snap Lens network members.

Private currency risks undermine monetary sovereignty, recommending prohibition to protect monetary policy and financial integrity.
Cryptocurrencies are decentralized tokens lacking issuer backing, intrinsic value or cash flows and thus do not fit conventional categories of currency, financial asset or commodity. Their anonymity and borderless design enable evasion of KYC and AML/CFT frameworks and create risks to monetary sovereignty, deposit mobilisation, credit creation, foreign exchange management and financial stability. Stablecoins heighten substitutability risk; concentrated ownership increases manipulation potential. Distributed ledger benefits can be realised without native tokens, and policy assessment finds prohibition the most prudent option to protect monetary policy and financial integrity.