The government reported a total tax collection of Rs 17.10 lakh crore during 2016-17, highest in last six years.
The statement was issued after the central bank received complaints that many branches were not accepting soiled banknotes.
Taxing farm incomes has been a political hot potato in India.
India could prevent foreign firms monopolising the market for genetically modified seeds by allowing the sale of only locally developed varieties, the think tank said.
The think tank outlined the "300 action points" as part of the government's 15-year long-term vision.
The day-long session will discuss ways to accelerate the country's economic development.
Finance Minister Arun Jaitley for the first time presented the annual accounts on February 1 instead of at the end of February as is the usual practice.
Withdrawal of money from bank accounts was curbed amid a massive cash crunch that followed Prime Minister Narendra Modi's sudden announcement on November 8 last year scrapping 500 and 1000 rupee notes.
The government has capped anonymous cash donations to political parties at Rs 2,000 per donor.
The lucky award schemes have been launched to promote only small transaction between Rs 50 and Rs 3,000.
Finance Minister Arun Jaitley on Wednesday said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.
Reserve Bank Governor Raghuram Rajan held repo rate steady at 6.75 per cent in his monetary policy announcement on Tuesday. The status quo on repo rate comes amid a pick-up in economic growth, the recent uptick in retail inflation and the prospects of a rate hike in the US.
RBI Deputy Governor Urjit Patel on Thursday said the central bank expects Current Account Deficit (CAD) around 1.5 per cent of GDP in the current fiscal.
The Indian economy is shown signs of improvement, the governor of the Reserve Bank of India said on Thursday, adding that a pickup in rural demand would further improve economic growth.
Moody's Analytics, an economic research unit of Moody's Corp, also raised a red flag over the Parliament logjam.
The bill, which has already been approved by Lok Sabha, will now have to be taken up for passage in the Upper House.
The I-T department has particularly been bolstered by ever-increasing collections under the TDS head as it believes that collecting taxes this way promotes a "non-adversarial" regime and according to latest data of the Finance Ministry, TDS now contributes 36.08 per cent of the total direct taxes collection.