Public finance receipts and expenditure: central receipts composition and intergovernmental transfers shape budget execution this period.
Consolidated monthly fiscal update presents central government receipts-tax revenue, non tax revenue and non debt capital receipts including loan recoveries-and records transfers to states as Devolution of Share of Taxes. It itemises total expenditure into Revenue Expenditure and Capital Expenditure, highlighting Interest Payments and Major Subsidies as principal revenue outlays, thereby summarising receipts composition, intergovernmental transfers, and budget execution across revenue and capital heads.

Government securities auction: issuance and re issue scheduled using uniform and multiple price methods with non competitive quota.
Announcement of public auctions for three Government of India securities: two re issues via the uniform price method and one new issue via the multiple price yield based method; the government may retain additional subscriptions against each security. Up to 5% of each notified amount is reserved for eligible individuals and institutions under the Scheme for Non Competitive Bidding. Bids must be submitted electronically on the RBI E Kuber system within prescribed windows for non competitive and competitive bids. The RBI Mumbai office will conduct the auctions on the announced date; results and payment dates are specified and the securities are eligible for when issued trading under RBI guidelines.

Managing Risks and Code of Conduct in Outsourcing: draft Master Direction issued and public comments invited by a specified deadline.
Reserve Bank of India has issued a draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services, consolidating and harmonizing extant directions, guidelines and instructions on outsourcing into a single instrument. The draft sets out risk management expectations and a code of conduct for outsourcing arrangements applicable to regulated entities and invites public comments by the specified deadline to inform the final direction.

Price and financial stability: balancing monetary policy and macroprudential tools to manage trade offs and reinforce resilience.
Price and financial stability are interconnected objectives that must be managed through calibrated use of monetary policy and macroprudential regulation. The Reserve Bank of India combines conventional and unconventional instruments-targeted, time bound liquidity operations, maintenance of collateral standards, moratoria and resolution frameworks, auction design, stress testing, and communication-within a flexible inflation targeting framework to prioritise price stability while treating financial stability as non negotiable and building resilience through buffers and vigilant supervision.

Financial inclusion: Private banks urged to strengthen delivery; regulator to monitor programme performance and promote digital payments.
The Minister reviewed implementation of Financial Inclusion schemes and urged Private Sector Banks to intensify outreach and innovation for last mile service delivery, while requesting regular monitoring of bank performance by the central banking regulator. The meeting stressed swift bank account verification for the PM Vishwakarma scheme, promotion of digital payments and financial literacy camps to increase awareness and uptake of inclusion programmes.

Government securities auction: re issue announced with bidding windows, allocation for non competitive bids and trading eligibility.
Announcement of re issues of three central government securities with specified auction formats: yield based uniform price for New GS 2028, price based uniform price for 7.18% GS 2033, and price based multiple price for 7.30% GS 2053. Up to five percent of each notified amount is reserved under the Non Competitive Bidding Facility. Competitive and non competitive bids must be submitted electronically on the RBI E Kuber system within prescribed windows; auction results and payment dates follow the announced schedule. Securities are eligible for When Issued trading under RBI guidelines.

Regulatory suspension of bank mobile app customer onboarding pending rectification of onboarding deficiencies and process strengthening.
Direction under section 35A ordering immediate suspension of further customer onboarding on the 'bob World' mobile application due to supervisory deficiencies; onboarding may resume only after rectification and strengthening of processes to the regulator's satisfaction, and existing onboarded customers must not be disrupted.

Government securities auction: re-issue uses uniform and multiple price methods with non-competitive allocation and electronic bidding.
Three central government securities are to be re-issued via scheduled auctions: two via the uniform price method and one via the multiple price method, with the Government permitted to retain additional subscriptions against each security. Up to five percent of each notified amount is reserved for eligible participants under the Non-Competitive Bidding Facility. Bids are to be submitted electronically on the RBI E-Kuber system within prescribed time windows for non-competitive and competitive bids; auction results and payment follow set schedules. The securities are eligible for When Issued trading under RBI guidelines.

Monetary policy stance emphasises withdrawal of accommodation to steer inflation back to target while supporting growth.
The Monetary Policy Committee maintained current policy interest rates and signalled a focus on withdrawal of accommodation to ensure inflation progressively aligns to the medium-term CPI inflation target under an actively disinflationary stance, citing persistent headline inflation, transmission of prior rate hikes, risks from food and energy shocks, and the need to remain prepared to undertake timely policy actions if upside pressures re-emerge.

Domestic card scheme implementation to establish a national payments network, enabling local digital transactions and payment sovereignty.
NIPL and Al Etihad Payments will jointly build and operationalize a UAE Domestic Card Scheme, with NIPL supplying a RuPay technology stack, fraud monitoring and analytics services, and assistance in formulating the scheme's operating regulations, aiming to expand digital transactions, increase payment options, reduce costs, and promote financial inclusion while preserving payment sovereignty.

Merger control approval for acquisition of Lanco Amarkantak by four public power entities, clearance announced.
The Competition Commission of India approved a proposed combination in which four public-sector entities-a power project subsidiary of a central finance undertaking, a finance company subsidiary, a listed state-held power developer, and a statutory river-valley corporation-will acquire complete shareholding of an unlisted public company engaged in power generation; a detailed CCI order will follow.