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    Creation of vertical gardens by the Income Tax Department by using waste plastic bottles
    HARIT Aaykar initiative by Income Tax Department for increasing greenery and creating micro forests
    Fifty Years of Indian Banking Through the Lens of Basic Statistical Returns (Speech delivered by Michael Debabrata Patra, Deputy Governor, Reserve Ban...
    CBDT extends due date for furnishing Return of Income for the Assessment Year 2022-23
    CBDT participates in the ‘RozgarMela’ drive
    Grant of Rs. 1,764 crore released to States for Million Plus Cities/Urban Agglomerations
    Ms Bharati Das takes charge as new Controller General of Accounts (CGA)
    Virtual Launch of DBUs (Welcome Remarks by Shri Shaktikanta Das, Governor, Reserve Bank of India on October 16, 2022)
    Shri Piyush Goyal co-chairs 10th Meeting of the India-UAE High Level Joint Task Force on Investments along with His Highness Sheikh Hamed bin Zayed Al...
    Direct Tax Collections for F.Y. 2022-23 up to 08.10.2022
    Revenue Deficit Grant (RDG) of Rs. 7,183.42 crore released to 14 States
    DFS modifies Emergency Credit Line Guarantee Scheme (ECLGS) to give Civil Aviation sector necessary collateral-free liquidity at reasonable interest r...
    CBDT extends due date for filing of various reports of audit for the Assessment Year 2022-23 under the Income-tax Act, 1961
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    October 31, 2022
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    Plastic waste recycling drives vertical gardens in government buildings, reusing bottles and reducing urban pollution.
    The Income Tax Department has implemented an operational sustainability initiative converting waste plastic bottles into vertical garden planting containers mounted on walls of government and public buildings, integrating plastic waste recycling with urban greening through replication across multiple sites and collaborative outreach to institutions and public infrastructure to reduce landfill waste and mitigate surrounding pollution.
    October 31, 2022
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    Environmental initiative expands urban green cover through departmental micro-forests and plant gifting at official events.
    The HARIT Aaykar initiative commits the Income Tax Department to expand green cover by planting trees and creating micro-forests in and around departmental buildings and public areas, exemplified by an inaugural micro-forest near the Attari border; the program sets an implementation timeframe culminating on the anniversary date the following year and encourages events to welcome dignitaries with potted plants or a single stalk of a flower.
    October 31, 2022
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    Basic Statistical Return reporting guides data-driven bank regulation and reporting rationalisation, supporting financial inclusion and risk analysis.
    The Basic Statistical Return (BSR) system is the Reserve Bank of India's enduring bank-reporting framework that has enabled data-driven policy, tracked branch expansion and financial inclusion, and provided granular statistics to analyse shifts in credit composition and bank asset structures. The BSR has been periodically revised in coverage, periodicity and granularity, with technological improvements and selective discontinuation of schedules to reduce reporting burden; the system is positioned as a living instrument needing continued robustness, timeliness and adaptability to support regulatory analysis and financial intermediation.
    October 27, 2022
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    Return filing deadline extended: due date for specified assessees moved to a later statutory filing date by CBDT circular.
    The Central Board of Direct Taxes extended the due date to furnish the Return of Income for Assessment Year 2022-23: assessees whose original filing deadline was 31 October 2022 are granted an extended filing date of 7 November 2022 by administrative circular, thereby modifying the statutory compliance timeline under sub section (1) of Section 139 for the specified category of taxpayers.
    October 22, 2022
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    Mission Mode recruitment accelerating appointment letters issuance and prioritising filling sanctioned government vacancies nationwide.
    The central tax administration participated in a national Mission Mode Recruitment Drive, issuing appointment letters to newly selected personnel and combining in-person handovers at regional centres with virtual connectivity for other appointees, while ministries and departments were directed to prioritise filling sanctioned vacancies.
    October 20, 2022
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    Grant allocation for million-plus cities advances solid waste management and ambient air interventions under finance commission recommendations.
    The grant disbursement framework directs funds to Million-Plus cities with over two-thirds of the allocation for a Solid Waste Management component and the remainder for Ambient Air quality interventions. The Solid Waste Management component is to support drinking water quality and supply (including rainwater harvesting and recycling), sanitation, and achievement of star ratings by Urban Local Bodies in line with approved City Action Plans and commitments in tripartite Memoranda of Understanding.
    October 18, 2022
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    Appointment of Controller General of Accounts - new CGA assumes responsibility for government accounting, reporting, and exchequer control.
    Ms Bharati Das has assumed charge as Controller General of Accounts, the government-appointed office that functions as the principal advisor on accounting matters, responsible for establishing a Management Accounting System, preparing and submitting Union Government accounts, and overseeing exchequer control and internal audits for the central government.
    October 17, 2022
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    Digital Banking Units expand digital banking infrastructure and deliver paperless savings, credit, investment and insurance with round the clock self service.
    Digital Banking Units will augment digital banking infrastructure and financial inclusion by offering savings, credit, investment and insurance, including end to end digital processing for small ticket retail and MSME loans and facilitation of certain government sponsored schemes. Operations will be in assisted and self service modes, with self service continuously available, and banks may engage digital business facilitators and business correspondents to expand DBU reach.
    October 11, 2022
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    CEPA implementation and investment facilitation steps to accelerate trade benefits and streamline cross border investment processes.
    The Joint Task Force advanced implementation measures under the India UAE Comprehensive Economic Partnership Agreement (CEPA), recorded progress on CEPA governance through the CEPA Joint Committee and sub committees, and urged businesses to use the preferential framework. Parties reviewed twelve rounds of Bilateral Investment Treaty negotiations, committed to accelerate conclusion of a balanced agreement, and agreed to explore sectoral investment facilitation including Single Window Solutions and Virtual Trade Corridors to reduce trade and investment costs and time.
    October 10, 2022
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    Direct tax collections show strong year on year growth and significant refunds issued, reflecting mid year budget progress.
    Provisional direct tax receipts up to 8 October 2022 show gross collections substantially higher than the prior year and net collections after refunds also up, representing just over half of the year's Budget Estimates. Corporate Income Tax grew at a lower rate than Personal Income Tax in gross terms, with narrower net growth differentials after refunds. Refunds issued during the period increased markedly year on year and have materially affected net tax realisations.
    October 6, 2022
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    Post Devolution Revenue Deficit Grant released to recommended states under constitutional Article to address post devolution revenue gaps.
    The Department of Expenditure released the seventh monthly instalment of the Post Devolution Revenue Deficit Grant under Article 275, implementing the Fifteenth Finance Commission's recommendation to distribute entitlements to fourteen recommended States in twelve equated instalments. Eligibility and quantum were determined by the Commission based on assessed gaps between State revenue and expenditure after accounting for devolution; the instalment mechanism enables cumulative tracking of releases to meet post devolution revenue shortfalls.
    October 6, 2022
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    ECLGS modification expands collateral-free liquidity for civil aviation sector, raising eligible loan limits and retaining existing conditions.
    Modification of the Emergency Credit Line Guarantee Scheme increases collateral free credit availability for the civil aviation sector by raising the ceiling on eligible loans and creating an equity linked tranche; all other operational guidelines, eligibility criteria, terms and conditions under the existing ECLGS framework remain applicable.
    October 1, 2022
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    Extension of audit filing deadline for certain assessees under the Income tax Act provides short additional time to submit required audit reports.
    The CBDT has granted a short extension of the due date for filing various audit reports under the Income tax Act for Assessment Year 2022 23, postponing the deadline that was 30 September 2022 to a brief later date for certain categories of assessees, by way of a circular issued on 30 September 2022 to address filing difficulties faced by taxpayers and stakeholders.

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