Summary: The Department established a central repository and had assessing officers upload outstanding demands to the CPC portal; taxpayers were sent informational communications about arrears to enable verification and correction, with chief commissioners directed to amend incorrect entries when approached. Very small demands are not enforced but remain liable for adjustment against future refunds, and the outreach is intended as an assessee-friendly transparency measure, not a demand notice.
Summary: The Government launched a pilot Credit Enhancement Scheme administered by IIFCL, using partial credit guarantees (in association with an international partner) to uplift infrastructure bond ratings and make them eligible for insurance companies and pension funds. MoUs among IIFCL, LIC, seven public sector banks, and HUDCO create a single-window financing mechanism to accelerate financial closure, address bank asset-liability and exposure constraints, free bank capital, and channel long-term funds into infrastructure while reducing developers' financing costs.
Summary: IIFCL has launched a pilot Credit Enhancement product, developed with the Asian Development Bank, to attract insurance companies, pension funds and other long term investors into infrastructure bonds, thereby developing the infrastructure bond market, addressing long term debt shortfalls, releasing bank credit for new projects and mitigating asset liability mismatches for financial institutions.
Summary: Parties should diversify bilateral economic relations beyond petroleum into non-oil trade, services, joint ventures and investment. The Joint Working Group on Hydrocarbons should pursue bilateral and third-country Exploration & Production and downstream projects, leveraging Indian upstream and downstream expertise. A Memorandum of Understanding on Labour and Employment is proposed for the large expatriate workforce, and priority is assigned to establishing an India-Saudi Arabia Investment Fund to support India's infrastructure requirements. Joint Committees and sub-committee co-chairs must regularly interact and submit joint six-monthly progress reports to the JCM co-chairs.
Summary: Primary Articles index rose 0.1 percent to 197.6 with an annual point to point inflation of 0.10 percent; Food Articles declined 0.2 percent while Non Food Articles increased 0.6 percent due to higher prices in oilseeds, fibres and raw jute. Fuel & Power index was unchanged at 172.7 with an annual inflation rate of 14.60 percent. Annexures provide build up, year on year, 52 week averages and six week trends for key sub groups and commodities.
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