Currency undervaluation risks could undermine competitiveness and global trade, urging fiscal consolidation and infrastructure acceleration.
The Financial Stability and Development Council will issue functioning guidelines and focused on sustaining India's growth by reducing the fiscal and current account deficit and fast tracking infrastructure; it noted likely export improvement with global recovery but warned that sovereign debt tensions, currency undervaluation and protectionist measures could undermine competitiveness and global trade.

Inclusive growth through skill development: institutional mission to scale vocational training and improve access to marginalized populations.
The document commits to inclusive growth driven by a National Skill Development Mission implemented through a three tier institutional structure: a Prime Minister led National Council for policy direction, a Coordination Board to implement decisions, and a non profit National Skill Development Corporation funded by a National Skill Development Fund. NSDC is mandated to skill and upskill large cohorts, foster private sector initiatives, and establish Sector Skill Councils responsible for industry aligned curriculum, certification and accreditation, complemented by social schemes and delivery improvements to extend opportunities to marginalized and rural populations.

Inclusive growth: prioritise financial inclusion, governance reform and leadership to translate growth into broad based development.
Sustaining and raising India's growth requires calibrated macroeconomic management to avoid overheating, mobilisation of capital and human capital investments to exploit demographic and urbanisation dividends, and three core policy imperatives: making growth more inclusive (health, education, skills, financial inclusion, food entitlement, asset creation), improving governance and delivery through faster project implementation and public-private partnerships, and fostering multi sectoral leadership to drive institutional reforms and broaden access to services.

Foreign Direct Investment policy consolidation advances predictability and sectoral consultations to refine entry and approval conditions.
Consolidation and stakeholder consultation on Foreign Direct Investment policy were prioritised to simplify and make predictable the regulatory framework, with a consolidated semi annual circular issued and five Discussion Papers completed addressing FDI in defence, multi brand retail, foreign/technical collaborations for existing ventures, non cash share issuance, and FDI in limited liability partnerships to refine sectoral entry conditions and approvals.

Regulatory review of housing finance accounts confirms most were standard and prompts further supervisory scrutiny.
The central bank reviewed fourteen housing finance accounts after receiving information from banks; thirteen were classified as standard, one was in default for reasons unconnected to the fraud, and the regulator reported no deviation from established banking norms while assigning its banking supervision department to conduct further detailed scrutiny.

Deposit rate increase by major lender improves fixed deposit returns across maturities, effective immediately following industry peers.
State Bank of India implemented an across-the-board increase in deposit interest rates, effective the day after the announcement, raising returns on fixed deposits across multiple maturities. The revision aligns with contemporaneous rate actions by other lenders and follows regulatory encouragement to improve depositor yields; larger relative increases were applied to short-term term deposits while the maximum announced retail rate applies to long-term maturities.

Cross-border expansion: banks urged to cautiously pursue organic and inorganic growth to consolidate presence abroad.
The central bank advised banks to cautiously expand their global footprint through both organic and inorganic growth, urging larger banks to pursue opportunistic consolidation and acquisitions abroad while applying prudent risk assessment and selectively targeting regions that present attractive opportunities.

Unauthorized deposit taking: only authorised NBFCs on the official list may accept deposits; unlawful collectors face enforcement action.
Only NBFCs listed on the published official list are authorised to accept deposits; entities outside that list claiming RBI approval or collecting monies are acting unlawfully and should be reported to law enforcement. Complaints about unauthorised acceptance of monies and money circulation schemes should be referred to the Economic Offences Wing of the concerned State Government; money circulation schemes are prohibited and subject to State enforcement.

Commercial communication restrictions: night-time ban plus customer-controlled opt-in/opt-out, mandatory registration, scrubbing and penalties for telemarketers.
Regulations create a customer-controlled regime allowing either full blocking or restricted category-based receipt of commercial communications, with simplified toll-free registration and immediate activation; telemarketers must register and use a dedicated numbering series and SMS headers. The rules require two-stage scrubbing-telemarketer-side data cleansing and service-provider filtering-provide for transactional-message exemptions, impose graduated penalties and blacklisting for repeat default, limit daily messaging packages, and mandate a night-time prohibition on commercial communications.