Franchisee scheme for restricted money changing: regulated appointment, due diligence, reporting and strict KYC/AML compliance.
The Reserve Bank permits AD Category I banks, AD Category II and FFMCs to appoint franchisees to undertake restricted money changing (purchase of foreign currency), subject to franchisees having a place of business and minimum Net Owned Funds, franchiser due diligence and specified franchisee agreement terms. Franchisers must ensure timely surrender of purchased foreign currency, maintain records, conduct periodic inspections and audits, obtain ongoing NOF confirmations, provide training, ensure monthly reporting from franchisees and enforce strict KYC/AML/CFT compliance. The Reserve Bank may vary or revoke licences for public interest or regulatory non compliance.

Reference exchange rate for US dollar published daily; determines cross currency rupee rates and SDR rupee basis.
Reserve Bank of India published the reference exchange rate for the US dollar and the middle cross currency rates used to derive rupee values for EUR, GBP and JPY, noted the previous day's US dollar reference rate for comparison, and specified that the SDR Rupee rate will be based on the published reference rate.

Reference rate for US dollar set, determining euro, pound and yen exchange rates against the rupee and SDR basis.
The Reserve Bank of India set the reference rate for the US dollar on March 30, 2015 and reported the prior day's rate for comparison. Based on that US dollar reference rate and the middle rates of cross currency quotes, the Bank provided the exchange rates of the euro, pound sterling and the Japanese yen against the rupee for the date and noted that the SDR Rupee rate will be based on the reference rate.

Reference rate publication: RBI's USD reference and derived cross-currency rates govern SDR-Rupee conversion for exchange determinations.
The Reserve Bank of India published its Reference Rate for the US Dollar on March 27, 2015, reported the prior day's rate for comparison, and provided derived exchange rates for EUR, GBP and JPY calculated from middle cross currency quotes; the SDR-Rupee rate is stated to be based on the published reference rate.

Reference rate for US dollar sets exchange-rate anchors and determines EUR, GBP and JPY rupee conversions for the quoted date.
Reserve Bank of India published the US dollar reference rate for the date and the previous day, and, using that reference and middle cross-currency quotes, provided rupee conversion rates for the euro, pound sterling and Japanese yen; the notice further states the SDR rupee rate will be based on the published reference rate.

MUDRA Bank formation to refinance micro-lenders and prioritise SC/ST enterprises under Pradhan Mantri Mudra Yojana.
Creation of a dedicated refinancing agency, MUDRA Bank, under the Pradhan Mantri Mudra Yojana to refinance Micro-Finance Institutions and expand formal credit to micro units, supported by a credit guarantee corpus and with priority lending to SC/ST-owned enterprises. Operational modalities and institutional roles will be defined following stakeholder consultations involving microfinance institutions, NBFCs, banks, NABARD, SIDBI and the central bank before the formal launch.

Reference rate for US Dollar guides exchange rates and determines SDR Rupee basis under RBI announcement.
The Reserve Bank of India published the reference rate for the US Dollar and the prior day's figure, and-using that reference together with cross currency middle rates-provided derived Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; it also stated that the SDR Rupee rate will be based on the reference rate.

Reference Rate for US Dollar informs cross currency exchange rates and determines SDR Rupee calculation basis policy.
The central bank published the US Dollar Reference Rate and, using that rate with cross currency middle rates, supplied Rupee exchange rates for Euro, Pound Sterling and Yen; the announcement states the SDR Rupee rate will be based on that Reference Rate.

Treasury bill issuance schedule updated; notified auction amounts set for upcoming quarter with flexibility for modification.
The notification establishes a weekly auction calendar for 91 day, 182 day and 364 day Treasury Bills for the quarter ending June 2015, specifying tenor wise announced issuance amounts and aggregate totals, and provides the operative mechanism for short term government debt placement during that quarter.

Issuance calendar for government dated securities schedules weekly auctions with retail non competitive reservation and extended maturities.
The calendar sets a scheduled programme of weekly auctions from April 1, 2015 to September 30, 2015 with indicative security wise allocation across 5-9, 10-14, 15-19 and 20+ year buckets, preserves a non competitive bidding facility reserving a portion of each auction for specified retail investors, permits issuance up to 40 year maturity, and grants the Government of India/Reserve Bank of India flexibility to modify notified amounts, issuance periods, maturities and instrument types after due notice.

Reference rate for US dollar establishes basis for rupee cross-currency rates and SDR rupee calculation.
The Reserve Bank publishes a reference rate for the US dollar which serves as the basis for deriving rupee cross-rates for the euro, pound sterling and Japanese yen using middle rates of cross-currency quotes; the SDR rupee rate is similarly based on the reference rate.

Special fund for start-up companies mobilizes public allocation to attract private risk capital for startups.
Creation of a special fund for start-up companies channels government-directed resources to SIDBI to catalyse private investment into early-stage businesses by providing equity, quasi-equity, soft loans and other risk capital; an allocation from Priority Sector Lending shortfall has been applied to SIDBI for a multi-year implementation period.

Reference rate for US Dollar sets rupee exchange rates for euro, pound and yen and determines SDR rupee rate.
The Reserve Bank of India published the reference rate for the US Dollar as the benchmark for rupee exchange quotations and, using that reference together with middle rates of cross currency quotes, provided corresponding rupee exchange rates for the euro, pound sterling and yen. The press release states the SDR rupee rate will be based on the published reference rate and supplies the specific quoted rates for the listed currencies.

Reference rate for US dollar sets rupee exchange benchmarks and determines SDR rupee conversion and cross currency quotes.
The Reserve Bank of India published the reference rate for the US dollar for March 19, 2015 as Rs. 62.4208 (prior day Rs. 62.6720). Based on this reference rate and middle cross currency quotes, the Bank supplied rupee exchange rates for the euro, pound sterling and Japanese yen, and stated that the SDR rupee rate will be based on the published reference rate.

Ease of Doing Business reforms expand online clearances and simplify licences, reducing regulatory burdens to boost manufacturing growth.
Policy measures implement the National Manufacturing Policy and regulatory reforms to expand manufacturing and create jobs by simplifying compliance, digitising licences and registrations, integrating services on an eBiz portal, excluding many defence and dual use items from industrial licensing, treating partial production as commencement, extending licence validity and security clearances, and providing investor facilitation and sectoral incentives to support SMEs, start ups and technology development.

Reference Rate: RBI's dollar benchmark sets exchange-rate guides and determines SDR rupee conversion for cross currency rates.
The Reserve Bank publishes the daily Reference Rate for the US dollar, giving the rupee benchmark for March 18 and the prior day, and, based on that rate and cross currency middle rates, provides derived exchange rates for the euro, pound sterling and Japanese yen; it states that the SDR Rupee rate will be based on the published reference rate.

Reference Rate for US Dollar sets benchmark for rupee valuations and cross currency rates, affecting SDR Rupee calculation.
The Reserve Bank of India publishes a daily Reference Rate for the US Dollar that serves as the benchmark for rupee valuations. Using that reference and middle cross currency quotes, the RBI provides corresponding rupee exchange rates for the euro, pound sterling and Japanese yen. The SDR Rupee rate is expressly stated to be based on this reference rate, confirming its use for official currency conversion.

Reference rate for US Dollar published; cross currency Rupee rates and the SDR Rupee linkage follow from that benchmark.
Publication of the Reserve Bank of India's reference rate for the US Dollar establishes the official benchmark for the reporting date; using that USD reference and middle cross currency quotes the Bank determined Rupee rates for the Euro, Pound and Japanese Yen, and stated that the SDR Rupee rate will be based on the published reference rate.

Financing of innovations: banks urged to mentor innovators, create market linkages and build institutional support.
Banks should proactively finance and enable innovation by creating district-level mentor pools, actively reaching out to and mentoring innovators, connecting innovators with existing clients to broaden market access, instituting monitoring mechanisms for managerial facilitation, and promoting capacity building through bankers' direct engagement with innovation forums to strengthen institutional support for innovation-driven enterprises.

Reference rate for the US Dollar updated; cross-currency exchange rates and SDR Rupee linkage adjusted accordingly.
The Reserve Bank of India published the Reference Rate for the US Dollar for March 13, 2015 at Rs. 62.6733 (prior day Rs. 62.5665) and, using that reference together with middle cross-currency rates, provided Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen for March 12-13, 2015; the SDR Rupee rate will be based on the published reference rate.