Resolution Corporation roadmap: Task Forces to design institutional setup and governance following FSLRC's principle-based architecture.
The Government constituted Task Forces to develop a roadmap, pursuant to FSLRC recommendations, for establishing a Resolution Corporation, Financial Data Management Centre, Financial Sector Appellate Tribunal and Public Debt Management Agency, and for restructuring/upgrading regulators under a non-sectoral, principle based legislative architecture to enhance governance and accountability.

Information security certification enhances taxpayer data protection and supports greater electronic engagement with the tax department.
CPC of the Income Tax Department at Bengaluru achieved ISO information security certification, implementing standardized policies and controls to ensure confidentiality, integrity, and availability of taxpayer data and departmental information assets. The Department positions this compliance as assurance to taxpayers on the security of financial data in returns and as a governance mechanism to promote trust and electronic engagement.

Departmental participation in cleanliness programme with pledge, staff cleaning duties and monitored time bound records weeding.
Departmental directive requires active participation of the Department of Revenue, CBDT, CBEC and their attached and subordinate offices in the national cleanliness initiative, with a Swachhta Shpath pledge to all officers and staff. Preparatory individual and collective cleaning of desks, office spaces and surrounding premises is mandated, with ongoing cleanliness activities to be vigorously continued and regularly monitored by senior officers. The ensuing action plan will include awareness measures and time bound division/section wise weeding of old and obsolete files and records.

Treasury bill issuance schedule announced, with preserved government and central bank flexibility to modify auction timing and amounts.
Notification of a quarterly auction calendar for Treasury Bills specifying scheduled weekly auctions across 91 day, 182 day and 364 day tenors with aggregate issuance targets, while preserving the Government of India and Reserve Bank of India discretion to modify amounts and timing in response to financing needs and market conditions; auctions will be conducted under the terms and conditions of General Notification No. F2(12)-W&M/97 as amended.

Issuance calendar for government dated securities sets weekly auction allocations and reserves retail access under non-competitive bidding scheme.
The indicative issuance calendar schedules weekly auctions of marketable dated securities across specified maturity buckets for the second half of fiscal 2014-15, providing aggregate supply targets and recurring security-wise allocations. All auctions will include the non-competitive bidding scheme reserving a portion for specified retail investors. The Government and the Reserve Bank retain the flexibility to modify the calendar, including amounts, timing, maturities and instrument types, in response to financing requirements and market conditions after due notice.

Due date extension for assessees with tax audits to November, interest liability under section 234A remains applicable.
The tax administration, exercising power under section 119, extended the due date for filing returns to 30th November for assessees required to obtain a Tax Audit Report under section 44AB and working partners of such firms; assessees not subject to tax-audit obligations retain the original due date. The extension does not affect liability for interest on late filing under section 234A, which continues to apply.

Extension of ITR filing due date subject to interest under Section 234A; taxpayers may prepay to avoid interest.
Court directed extension of the ITR filing due date to 30 11 2014 for all purposes tied to timely filing, including carry forward of losses and allowability of specified deductions, to accommodate taxpayers awaiting tax audit reports; the extension is subject to interest under Section 234A from 01 10 2014 until actual filing, with the option for taxpayers to prepay tax before the original due date to avoid such interest.

No new account required to access PMJDY benefits; existing accounts can receive RuPay cards and microcredit on application.
Existing bank account holders need not open new accounts to obtain PMJDY benefits; they can apply to their branch to receive a RuPay Card for insurance access and may seek extension of microcredit limits subject to satisfactory conduct. Where customers lack valid ID or Aadhaar, banks may open restricted Small Accounts on two signed photographs under RBI guidelines, with specified balance, credit and withdrawal caps and continuation contingent on applying for valid identification within the prescribed period.

Exchange rate notification for customs valuation sets distinct import and export currency conversion rates effective from the specified date.
Determination of exchange rates for conversion between specified foreign currencies and Indian currency for customs valuation of imported and exported goods is made under the Customs Act authority, effective from 19th September, 2014. The notification prescribes distinct rupee-equivalent rates for each listed currency when used for imported goods and for export goods, with Schedule I providing per-unit rates and Schedule II providing rates per one hundred units.

Urban infrastructure loan supports municipal capacity, enabling PPP water and sewer upgrades and performance-based contracting.
A loan under the North Karnataka Urban Sector Investment Program finances expansion and rehabilitation of potable water systems for continuous supply, completion of sewerage networks, selective road improvements, and institutional measures: public private partnership arrangements and performance based management contracts for water utilities, GIS for property tax and utility mapping, a heritage planning cell, and plumber training and certification to connect beneficiaries to sewer networks.

Advance release of central funds for disaster relief enables immediate fiscal support and state recovery operations.
The Ministry of Finance advanced scheduled October transfers to Jammu and Kashmir as emergency fiscal support, disbursing Special Central Assistance, Non-Plan Revenue Deficit support and the State's share in central taxes and duties to meet urgent expenditure needs arising from severe flooding and natural calamity.

Bilateral financial cooperation via reinsurance joint ventures strengthens risk retention and regional catastrophe risk management between neighbours.
The first anniversary of GIC Bhutan Re Ltd illustrates bilateral financial cooperation through joint ventures (Druk PNB JV and GIC Bhutan Re) established by the Department of Financial Services, Government of India to deepen financial inclusion, expand domestic risk retention, attract inward reinsurance and bring foreign exchange to Bhutan, while promoting regional cooperation for catastrophe risk management among underinsured SAARC nations.

Exchange rate determination for import and export conversions set, specifying per currency import and export rates effective immediately.
The Central Board of Excise and Customs notifies exchange rates for conversion between specified foreign currencies and Indian rupees under the Customs Act, 1962, effective 5th September 2014, superseding the earlier notification. Distinct import and export conversion rates are prescribed in two annexed schedules: Schedule I (per unit rates) and Schedule II (rates per 100 units), applicable for conversion into Indian currency or vice versa for imported and export goods.

Prior approval requirement for retrospective indirect transfer assessments mandates committee review before initiating action in tax cases.
A High Level Committee constituted under section 119 requires Assessing Officers to obtain prior approval before pursuing fresh assessments where income is alleged to have arisen before 1 April 2012 due to retrospective amendments on indirect transfer; the Committee must afford the taxpayer an opportunity to be heard, issue time-bound directions, and submit periodic reports to the CBDT.