Emoluments structure review to rationalize pay, allowances and retirement benefits and link incentives to performance.
Terms of Reference authorize a comprehensive review and recommendation process for the emoluments framework of Central Government and related employees, covering pay, allowances, concessions, benefits in cash or kind, and specialized needs of distinct services. The Commission must propose a framework to attract talent, promote efficiency and accountability, recommend competency based training, rationalize allowances, examine bonus and incentive schemes tied to performance, and set principles for pension and retirement benefits while accounting for the New Pension Scheme and fiscal and intergovernmental impacts.

Reference Rate announcement sets benchmark exchange rates and cross currency conversions, guiding SDR valuation and statutory calculations
The Reserve Bank published the Reference Rate for the US dollar and the Euro and, based on the dollar Reference Rate and middle cross currency quotes, supplied corresponding sterling and yen exchange rates; the release states the SDR-rupee rate will be based on the Reference Rate.

Reference rate announcement sets daily exchange benchmarks and cross currency derived rates for major currencies.
Announcement of the Reserve Bank of India's daily Reference Rate for major currencies, reporting the rupee Reference Rate for the US dollar and Euro with comparison to the previous day. It explains that GBP and JPY exchange rates are derived from the US dollar Reference Rate using middle cross currency quotes and states that the SDR Rupee rate will be based on the Reference Rate.

Reference rate announcement: RBI publishes rupee benchmarks for US dollar, euro and cross currency conversions affecting rupee valuations.
Announcement of Reference Rate values for major currencies by the central bank: the Reserve Bank of India published the rupee Reference Rates for the US dollar and the Euro, noted the previous day's corresponding rates, and stated that the SDR Rupee rate will be based on the published Reference Rate. Derived cross-currency conversions using the US dollar rate and middle cross currency quotes produce rupee exchange rates for the pound sterling and the Japanese yen.

Cyclically adjusted fiscal stance urged to temper procyclicality and embed binding fiscal frameworks to withstand business cycles.
The paper advocates measuring the fiscal stance by the cyclically adjusted fiscal stance using IMF methodology and potential output estimates for India since 2000, finding a significant expansionary shift during the crisis that was only partially reversed despite a positive output gap and higher inflation. It notes a tapering fiscal impulse but persistent expansionary stance post crisis, and calls for further reforms and a binding fiscal framework to embed cyclically adjusted balances into fiscal rules and reduce procyclicality.

Reference exchange rates published by central bank update dollar, euro benchmarks and inform derived cross currency rates.
Reserve Bank of India published daily reference exchange rates for the US dollar and the Euro, compared them with the prior business day, and provided derived pound sterling and Japanese yen rates computed from the dollar reference and cross currency middle rates; it also states that the SDR rupee rate will be based on the published reference rate.

Exclusive agreement prohibition: hospital exclusivity struck down and future exclusive arrangements barred, with a monetary penalty imposed.
The hospital's exclusive agreement with a single stem cell bank was found to foreclose competing banks and cause an appreciable adverse effect on competition in the stem cell banking market. Accordingly, the exclusivity agreements for the specified years were declared null and void, the hospital was prohibited from entering similar exclusive arrangements in future, and a monetary penalty based on average turnover was imposed and ordered to be deposited within the prescribed timeline.

Regulatory enforcement for banking directive violations results in a penalty after show cause process and substantiated breaches.
Regulatory enforcement under the Banking Regulation Act led to a monetary penalty on Janata Urban Co-operative Bank for breaches of RBI directives concerning unsecured advances, related party lending, concentrated exposure to housing and real estate, and single/group exposure limits; the bank also created floating charges on standard assets without prior RBI approval and failed to perform customer risk categorisation. The Reserve Bank issued a show cause notice, considered the bank's written reply, found the violations substantiated and imposed the penalty.

Withdrawal of old banknotes: acceptance limited until deadline; banks to exchange notes, ID required for large non-customer exchanges.
All banknotes printed prior to 2005 will be withdrawn to curb counterfeiting; they remain acceptable for transactions only until a specified cutoff, after which banks will provide ongoing exchange facilities. Account holders may later exchange any number of older notes at their branches, while non-customers must produce proof of identity and residence to exchange more than ten high-denomination older notes. These notes continue as legal tender with no final end date specified.

Reference Rate update for major currencies: central bank publishes revised exchange rates and derived cross currency quotations.
The Reserve Bank publishes Reference Rate quotations for the US dollar and the Euro on February 21, 2014, with the prior day's figures for comparison, and provides derived GBP and JPY exchange rates using the US dollar reference rate and middle cross currency quotes; the SDR Rupee rate will be based on this reference rate.

Cancellation of banking licence: bank barred from banking; insured deposit repayment to commence under Deposit Insurance scheme to protect depositors.
The Reserve Bank cancelled the bank's licence under Section 22 due to sustained insolvency, regulatory non compliance and ineffective management, after statutory inspections showed negative net worth, severely negative CRAR, deposit erosion, high gross NPAs and accumulated losses. Following directions, board supersession, administrator appointment and an unsatisfactory response to a Show Cause Notice, no merger proposal materialised. Licence cancellation prohibits the bank from carrying on banking business and triggers liquidation and insured deposit repayment under the Deposit Insurance and Credit Guarantee framework.

Abuse of dominance: exclusive stem cell banking tie-up found anticompetitive; hospital prohibited from similar agreements.
Exclusive contractual tie-ups for stem cell banking between the hospital and a single service provider were held to be anticompetitive and an abuse of dominance because they foreclosed consumer choice and provided no consumer benefit; the commission declared the agreements void, prohibited similar future agreements, and imposed a monetary penalty payable within the prescribed period.

Diversion of funds violation prompts regulatory monetary penalty under banking law after show-cause process concluded.
Monetary penalty imposed under statutory powers for violation of guidelines on diversion of funds by a cooperative bank. A show cause notice was issued, the bank submitted a written reply, and after considering the facts and response the regulator concluded the violation was substantiated and imposed a monetary penalty under the Banking Regulation Act (as applicable to co-operative societies).

KYC/AML non-compliance leads to regulatory monetary sanction after show cause process under banking regulation powers.
Imposition of a monetary penalty on a co operative bank for non adherence to KYC/AML guidelines and applicable regulatory directives, exercised under the Banking Regulation Act as applied to co operative societies, following issuance of a show cause notice, consideration of the bank's written reply, and a regulatory conclusion that the violations were substantiated.

Reference rate publication updates rupee exchange benchmarks, affecting cross-currency conversions and SDR-based rupee valuation methodology.
The Reserve Bank published rupee Reference Rates for the US dollar and the euro and, using those rates with middle cross-currency quotes, provided corresponding rupee exchange rates for the pound sterling and the yen; it further states the SDR-rupee rate will be based on the published reference rate, making the release an operative market benchmark for valuation, quotation and conversion purposes.

Non-disclosure of bank guarantee: regulatory penalty under Banking Regulation Act imposed after RBI found statutory violations.
Non-disclosure of a bank guarantee by Kisan Nagari Sahakari Bank Maryadit violated disclosure obligations under Sections 35(2) and 46(1) of the Banking Regulation Act and RBI directives on guarantees, co-acceptance and letters of credit. The Reserve Bank issued a show cause notice, considered the bank's written reply, found the violations substantiated and exercised its powers under Section 47A(1)(b) read with Section 46(4) to impose a monetary penalty.

KYC/AML non-compliance triggers regulatory penalty following substantiated violations including audit lapse and deposit concentration in a cooperative bank
The Reserve Bank imposed a monetary penalty on The Aurangabad District Industrial and Urban Co operative Bank Ltd. for violations of KYC/AML guidelines, non introduction of a Concurrent Audit System, wrong/unsatisfactory/delayed compliance to an inspection report, and concentration of deposits; a show cause notice was issued, the bank replied, and the regulator found the violations substantiated before imposing the penalty.

Reference exchange rates published: RBI updates dollar and euro reference rates, affecting cross currency rupee valuations.
Publication of daily Reserve Bank of India reference rates for the US dollar and the euro for February 18, 2014, with the previous day's rates for comparison; derived rupee exchange rates for pound sterling and Japanese yen are provided using cross currency mid rates; and the SDR Rupee rate is stated to be based on the published reference rate.

Reference Rate publication updates US dollar and euro exchange benchmarks and derives cross rates for GBP and JPY.
The Reserve Bank of India published the Reference Rate for the US dollar and the euro for February 17, 2014, set out the prior day's reference values for comparison, derived exchange rates for the British pound and Japanese yen using cross currency middle rates, and stated that the SDR Rupee rate will be based on the published reference rate.

Infrastructure project clearances accelerate implementation, clearing numerous projects and boosting capacity addition and financing measures.
The Government constituted the Cabinet Committee on Investment and the Project Monitoring Group to accelerate infrastructure project implementation, enabling clearance of a large portfolio of projects and prioritising stalled investments; complementary measures included capacity additions across power, roads, rail and ports, initiation of new airports and exploration blocks, and facilitation of Infrastructure Debt Funds to provide take-out finance and ease banking sector pressure.