<h1>Finance Minister Unveils Indian Financial Code, Withholding Tax Extension, and New Accounting Standards to Boost Financial Sector.</h1> The Finance Minister announced several initiatives to enhance India's financial sector, including the enactment of the Indian Financial Code for improved governance and accountability. He proposed extending a 5% withholding tax to all bonds issued abroad by Indian corporations until June 2017 and introduced a more liberal Bharat Depository Receipt scheme. The minister also revamped the Indian Depository Receipt scheme, suggested uniform KYC norms, and announced a single operating demat account for all financial assets. Additionally, a Warehouse Development and Regulatory Authority was introduced to aid post-harvest lending, and new Indian Accounting Standards were proposed for adoption from the 2015-16 financial year.