Government securities auction re-issue: price-based auctions with multiple price method and non-competitive bidding facility allowed.
Re-issue auctions for multiple Government of India securities will be conducted by the Reserve Bank of India using the multiple price method, with notified nominal amounts and an option for the Government to retain additional subscription. Up to five percent of each notified amount is allotted under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the RBI E-Kuber system within prescribed intra-day time windows. Results, payment schedule, and eligibility for "When Issued" trading follow RBI guidelines.

Government receipts composition shows tax-dominated inflows with lower transfers to states and higher revenue spending.
Central receipts through October 2020 are largely constituted by net tax revenue, with additional non tax revenue and non debt capital receipts (loan recoveries and disinvestment). Transfers to states by way of tax devolution were lower than the previous year. Total expenditure is concentrated on revenue account with a smaller capital component, and the principal revenue expenditures are interest payments and major subsidies.

Principle-based market liberalisation eases access and hedging while strengthening user protection and market resilience.
Reforms replace prescriptive requirements with principle-based regulation for interest rate and foreign exchange derivatives, relax residency distinctions, allow hedging of anticipated exposures and greater access for small hedgers, and enact legal recognition of bilateral netting. Complementary measures promote onshore-offshore integration by permitting banks in offshore rupee derivative markets, extending foreign exchange trading hours and enabling GIFT City rupee derivative activity. Safeguards include a User Classification Framework limiting complex products for retail users, mandated fee disclosures, an anonymous FX retail trading platform, a market abuse regulatory framework, LEI mandates, and benchmark governance reforms for the LIBOR transition.

Bank amalgamation safeguards depositor access by transferring a troubled bank to a stronger licensed bank under a regulatory scheme.
Approval of a Scheme of Amalgamation transfers Lakshmi Vilas Bank to DBS Bank India, following a moratorium, board supersession and appointment of an Administrator; the scheme was prepared after public consultation to minimise withdrawal restrictions and relies on DBIL's licensed status, capital support and parentage to maintain a healthy combined balance-sheet and protect depositors while preserving financial stability.

Bilateral trade cooperation expanded: agreement to establish an Integrated Check Post and enhance sectoral collaboration to boost trade.
Both countries committed to strengthen bilateral economic cooperation by enhancing sectoral collaboration, trade promotion, capacity building and border infrastructure, and to respond to COVID 19 challenges in the health and pharmaceutical sectors. They finalised a Project Agreement for establishment of an Integrated Check Post at Tamu under Indian grant in aid, agreed to pursue early establishment of border haats for local benefit, and to deepen cooperation between oil and gas enterprises on petroleum products and refining.

Government securities auction: multiple central government stocks to be issued/re issued via price and yield based auctions with non competitive facility.
Announcement of auctions for multiple central government securities including re issues and a new issue, specifying auction methods (price based and yield based), the Government's option to retain additional subscriptions, and that the Reserve Bank of India will conduct the auctions using the multiple price method. Bidders must submit electronic bids via the E Kuber system within prescribed time windows for non competitive and competitive bids; a portion of each notified amount is reserved under the Non Competitive Bidding Facility. Successful bidders must pay on the stipulated settlement date and the stocks are eligible for When Issued trading per RBI guidelines.

Government securities auction reissues proceed via price-based multiple-price method with electronic competitive and non-competitive bidding.
The Government announced re-issues of four government securities to be sold via price-based auction using the multiple price method, with an option to accept additional subscriptions. Bids must be submitted electronically on the Reserve Bank's Core Banking Solution (E-Kuber). Up to 5% of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Competitive and non-competitive bids have distinct electronic submission windows. Auction results and payment follow on scheduled dates, and the stocks are eligible for When Issued trading per central bank guidelines.

International retail financial services expansion: IFSC reforms to enable cross border retail banking, insurance and capital market participation.
The Committee recommends a roadmap to promote international retail financial services via the IFSC, urging IFSCA to balance regulation with ease of doing business and to prioritise development in initial years. Key banking proposals include permitting retail participation via LRS, enabling IBUs to offer retail and wealth management services, FCY clearing, FPI licences and rupee investments, pre shipment export finance, account services, and removal of liquidity ratio requirements. Insurance and capital markets recommendations include allowing NRIs/PIOs to buy policies from IFSC insurers, promoting a reinsurance hub, lowering capital thresholds for reinsurers, allowing resident investment in IFSC funds and exchanges via LRS, and adopting fund structures like VCCs and a simple safe harbour regime.

Sovereign Gold Bond issue price set; online digital payments receive a per gram discount during subscription window.
Sovereign Gold Bond Series VIII sets a fixed issue price per gram for the announced subscription window with a specified settlement date; applicants who apply online and pay via digital mode are entitled to a per gram discount from the published issue price, provided both online application and digital payment conditions are met.

Service charges on bank accounts: basic savings accounts exempt for prescribed free services; fee-setting must be fair and transparent.
Basic Savings Bank Deposit accounts, including those opened for low income and unbanked customers, are not subject to service charges for the free services prescribed by regulation. Banks may levy charges for other account types provided such fees are fair, transparent and non discriminatory and reflect costs; one public sector bank briefly reduced free cash transaction allowances but withdrew the change due to pandemic considerations, and other public sector banks do not intend to raise charges currently.

Auction of government securities: multiple issues offered via yield and price auctions with non competitive facility and electronic bidding.
Government announced auctions for four central government securities-two new issues and two re issues-conducted by the Reserve Bank of India using the multiple price method, with specified notified amounts and a Government option to retain additional subscription. Up to 5% of each issue is reserved for eligible individuals and institutions under the non competitive bidding facility. Bids must be submitted electronically via the E Kuber system within prescribed time windows; auction results and payment dates are scheduled. The stocks are eligible for when issued trading as per RBI guidelines.