Stamp duty collection mechanism via exchanges postponed; no extension of the financial year.
No extension of the financial year has been made. A government notification concerning amendments to the Indian Stamp Act establishes a mechanism for collection of stamp duty on securities market transactions through stock exchanges, clearing corporations authorised by stock exchanges, and depositories, and postpones the previously scheduled implementation date; this is a timing adjustment and does not alter the financial year or substantive tax liabilities.

Compliance deadline extensions for tax and corporate filings reduce penalties and lower interest for the pandemic relief period.
Announcements implement broad compliance deadline extensions and temporary procedural relaxations across tax, indirect tax, customs, corporate, insolvency, fisheries, banking and commerce regimes in response to COVID 19. Direct tax measures extend filing and statutory cut off dates, suspend penalties for delays within the relief period and prescribe a reduced interest rate for delayed tax payments while GST relief extends periodic and annual return timelines, eases composition scheme deadlines, suspends late fees if complied within the extended window, and reduces interest on delayed GST payments; corresponding extensions and operational clarifications will be issued by competent authorities.

Fiscal consolidation roadmap review to standardize deficit and debt definitions and measure contingent liabilities across general government.
A Committee will recommend harmonised definitions of deficit and debt across Central, state, general government and public sector enterprises, prescribe debt netting principles to avoid double-counting, define and quantify contingent liabilities and set conditions when they become explicit liabilities, review current deficit and debt positions, and propose a multi-year debt and fiscal consolidation roadmap with scenarios for public sector enterprises.

Country-by-Country Reporting: designated income-tax authority to receive parent and alternate reporting entity notifications and CbC reports.
Multinational enterprises with a constituent entity resident in India must notify the Income-tax Department of their parent and alternate reporting entities and the jurisdictions of residence; the notified parent or alternate reporting entity must furnish a Country-by-Country Report with aggregate jurisdictional financial and operational data and constituent-entity details. Amendments to the Income-tax Rules designate a specific income-tax authority within the risk-assessment function to receive such notifications and oversee CbC reporting compliance, and the designation has been published on the official website.

Public debt management: increased dated-security issuance, cash management bills and market liquidity absorption affected yields and holdings.
Quarterly update records increased issuance of dated securities with a weighted average maturity above 16 years and slightly lower primary issuance yields; short-term resources were raised through Cash Management Bills. RBI liquidity operations produced net average absorption under LAF and included simultaneous purchases and sales via open market operations. Total government liabilities rose, public debt remained the majority share, a significant portion of dated securities had residual maturity under five years, and commercial banks and insurance companies were primary holders. Yields were range-bound then firmed in early December, and central government dated securities dominated secondary-market outright volumes.

Investment incentives expand private projects in Jammu and Kashmir through subsidised land, tax and transport reimbursements and employment support measures.
A package of incentives seeks to stimulate private investment in Jammu and Kashmir by providing subsidised land, cheaper power, and targeted central supports: a Capital Investment Incentive (30% of qualifying plant and machinery subject to an upper limit), a Central Interest Incentive on working capital, Comprehensive Insurance Incentive (insurance premium reimbursement), income tax and central GST reimbursements, transport cost incentives for finished goods, employer-focused employment incentives, and an overall cap on benefits per unit.

Tariff value revision updates import valuation benchmarks for specified commodities and precious metals under customs rules.
Amendment under section 14(2) of the Customs Act substitutes the prior notification tables with revised tariff values: Table 1 fixes per metric tonne values for specified vegetable oils, brass scrap and poppy seeds; Table 2 fixes unit values for gold and silver with form based distinctions and exclusions; Table 3 fixes a per metric tonne value for areca nuts, replacing the corresponding tables in Notification No. 36/2001 Customs (N.T.).

Incentive Scheme for Acquisition of Plant & Machinery boosts jute mill modernization and supports diversified jute enterprises.
The National Jute Board's Incentive Scheme for Acquisition of Plant & Machinery reimburses capital subsidy to jute mills and JDP MSMEs to replace obsolete machinery and raise productivity. Complementary measures include imposition of anti-dumping duties to protect domestic producers, mandated compulsory use of jute packaging for specified commodities, inclusion of jute items in the Technical Textiles category, MSP for raw jute and mesta, a certified-seed subsidy, and demand-creating deployment of jute geo-textiles. Additional NJB programmes provide market development, raw material banking, design support and skill development to strengthen value chains.

Nanotechnology innovation showcase highlights eco friendly pest control and rechargeable Zn air battery enabling self powered water splitting.
An exhibition showcased nanotechnology innovations for antimicrobial resistance, eco friendly pest control devices for coconut and palm crops, and a rechargeable Zn-air battery using a Metal-Organic Framework-derived core-shell nanocomposite that is trifunctional for ORR, OER and HER and was demonstrated in a self powered water electrolysis configuration, emphasizing translational applications and institutional collaboration.

Loan financing for climate-resilient agriculture enables water management, hydrological monitoring and downstream irrigation investments and capacity building.
The Governments of India and Himachal Pradesh and the World Bank agreed on an IBRD-financed project to improve water management and climate resilience in rain-fed agriculture across 428 Gram Panchayats, combining upstream source sustainability, hydrological monitoring and downstream irrigation investments, supported by institutional collaboration, Gram Panchayat capacity building, and measures to increase water-use efficiency and crop diversification.

Rules of origin enforcement tightened: importers now bear verification burden and face extended customs checks under new trade measures.
Trade and regulatory measures target import substitution by raising duties on select goods, strengthening safeguard and anti dumping measures, and introducing procurement and monitoring rules for domestic steel. Import prohibitions for certain food products were adopted. Crucially, the onus of verifying rules of origin for preferential tariff claims under free trade agreements is placed on importers, and customs authorities may request verification within an extended period from the date of claim.

Investment promotion bolsters domestic investment through coordinated fiscal, policy and targeted support to businesses and small enterprises.
Investment promotion measures coordinate central and state facilitation of investment events and investor handholding, complemented by policy measures such as infrastructure planning, corporate tax reduction, liquidity support for NBFCs and banks, and trade policy adjustments to boost domestic manufacturing. Small enterprise support is delivered through targeted streams including credit, marketing, entrepreneurship development, technology upgradation, industrial infrastructure, technical training, institutional structures, assistance programmes and special incentives for backward areas, with central schemes supplemented by state-level incentives to attract investment and promote industrial production and employment.

MSME funding reform: RBI measures and platforms aim to expand credit access and reduce payment delays for enterprises.
The Reserve Bank recognises MSMEs' economic role and recent constraints - infrastructure, formalisation, technology uptake, credit access and delayed payments - and has implemented measures: priority sector incentives for NBFC on lending, a one time restructuring window for eligible GST registered MSME accounts without asset classification downgrade, temporary CRR relief for incremental MSME lending, external benchmark linkage for floating rate loans, and expansion of receivables financing through TReDS and authorisation of new platforms, while promoting data driven underwriting, Regulatory Sandbox cohorts and a Public Credit Registry to reduce information asymmetry.

Dispute resolution under Vivad se Vishwas clarifies scope and payment procedures, easing compliance and dispute closure.
The Vivad se Vishwas Scheme provides a statutory mechanism for taxpayers to settle pending income tax disputes by declaring matters within the Scheme's scope, calculating and paying the disputed tax, and thereby obtaining specified benefits. The administration issued FAQs clarifying eligibility, disputed-tax computation, payment procedures, and consequent benefits, and has proposed amendments to widen coverage and reduce compliance burdens, subject to enactment and presidential assent.

Listing of Indian companies on foreign exchanges permitted under amendment, expanding capital access and investor base subject to regulatory framework.
The Companies (Second Amendment) Bill, 2019 proposes to permit listing of Indian companies on foreign stock exchanges by amending the Companies Act, 2013; implementation will follow a detailed framework under foreign exchange and securities laws to be finalized by the Ministry of Finance in consultation with relevant regulators.

TDS compliance breaches prompt enforcement, uncovering systemic failures in deduction and deposit obligations and liability for interest.
Surveys uncovered widespread non compliance with TDS and TCS obligations across sectors, manifesting as non-deduction, short deduction and deduction without deposit. Sectoral examples include technical and construction contracts, misclassification of payments to medical practitioners, omissions in collection on large cash receipts, and deducted but undeposited TDS on interest. The department used historical filings and CPC-TDS data to quantify liabilities. Statutorily, deducted tax must be deposited within seven days from month end and failures attract interest at the prescribed monthly rate from deduction to deposit.

Integrated company incorporation via SPICe+ consolidates registrations and mandates bank account application at incorporation.
The Ministry advanced an integrated e governance incorporation process by introducing SPICe+ linked with AGILE PRO, consolidating name reservation, incorporation, DIN/PAN/TAN issuance, EPFO/ESIC/GST registration, and bank account opening into a single mandatory web form for new companies, alongside supporting measures including MCA 21, RUN, a Central Registration Centre, investor helpline, de criminalization of certain compoundable offences, revised de minimis thresholds for mergers, an Independent Director databank, and a cyber forensic facility.

Women empowerment through targeted credit and social-security schemes shows predominant female participation and bank-led support.
Ministry of Finance schemes use bank-led delivery and targeted eligibility to increase women's participation in credit, savings, pension and insurance. Stand Up India mandates at least one woman borrower per bank branch for Greenfield enterprise loans and shows a predominant female share of account holders. MUDRA, PMJDY and APY record substantial and growing female participation in loans, basic bank accounts and pension subscriptions. PMJJBY and PMSBY are low-premium, bank-account-linked insurance schemes with significant female enrollment and claim shares.

Search and seizure uncover extensive unaccounted cash, alleged hawala networks and benami assets; investigations and asset restraints continue.
Income Tax authorities carried out coordinated searches on alleged hawala operators and businessmen in Raipur that uncovered documents and electronic records indicating monthly illegal gratification to public servants, daily unaccounted sales, bank accounts in employees' names with significant transactions, accommodation entries from shell companies, undisclosed property investments, benami vehicles and hawala transfers; substantial cash and materials were seized, investigations and forensic scrutiny are ongoing and prohibitory orders including restraints on bank lockers have been imposed.

Public Financial Management strengthens fiscal transparency and enables direct digital benefit transfers and integrated fund monitoring.
The Public Financial Management System (PFMS) is the government-wide digital platform for payments, receipts, accounting, expenditure control and pensions that enables tracking of fund flows to implementation level, just-in-time fund releases, monitoring of unspent balances and supports large-scale Direct Benefit Transfer operations, while the Controller General of Accounts and Indian Civil Accounts Service execute monthly consolidation, provisional accounts preparation, fiscal reporting improvements and internal audit modernization under GIFMIS.