Auction of government stocks: multiple-price auctions with non-competitive allotment and electronic bids via E-Kuber, payment post-allotment.
Sale by re-issue of multiple Central Government stocks will be conducted through price-based auctions using the multiple price method via the Reserve Bank of India's E-Kuber system; both competitive and non-competitive bids are accepted with up to 5% of notified amounts reserved for eligible individuals and institutions under the Scheme for Non-Competitive Bidding, specified electronic submission windows apply, and the stocks are eligible for When Issued trading under RBI guidelines.

Reference rate for US Dollar updated; cross-currency rupee rates for euro, pound, yen adjusted and SDR conversion noted.
Reference rate for the US Dollar has been published with the prior day's comparison; using that reference and middle cross currency quotes the rupee exchange rates for euro, pound and yen are reported, and the SDR-Rupee rate will be based on the published reference rate.

Reference exchange rate published by Reserve Bank sets dollar benchmark and informs cross currency rupee rates and SDR linking.
Reserve Bank publishes a daily reference exchange rate for the US dollar and, using that reference with cross currency middle rates, provides rupee rates for euro, pound sterling and yen; the SDR rupee rate is to be based on the published reference rate.

Cross-border merger regulations: RBI invites public comments on proposed FEMA framework governing mergers between Indian and foreign companies
RBI proposes draft Foreign Exchange Management (Cross Border Merger) Regulations under FEMA to govern cross-border merger, demerger, amalgamation or rearrangement transactions involving Indian and foreign companies, stipulating conditions and compliance requirements aligned with recently issued amendment rules operationalising international mergers. The Reserve Bank has published the draft for public consultation and invited stakeholders and experts to submit comments by the specified deadline via email.

Cross border merger rules require compliance on asset holding, valuation, reporting and foreign borrowing norms.
These Regulations set a framework for cross border mergers between Indian and foreign companies, prohibiting cross border transfers of securities, debts or assets except as permitted or with Reserve Bank permission. Inbound and outbound mergers are governed by specific conditions on securities issuance, treatment of borrowings under foreign borrowing norms, permissible asset holdings, and a mandatory 180 day sale and repatriation rule for impermissible assets. Valuation must follow internationally accepted arm's length methods certified by an authorized professional, and all merger transactions and prescribed reports must be submitted to the Reserve Bank.

Reference rate for US Dollar establishes exchange benchmarks and determines derived EUR, GBP and JPY rates against the Rupee.
Establishment of a reference rate for the US Dollar as the exchange benchmark; the current and prior reference rates are reported and, using those rates together with middle rates of cross currency quotes, corresponding Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen are published. The SDR Rupee rate is stated to be based on the published reference rate.

Reference rate for US Dollar updated; corresponding cross currency Rupee rates adjusted for EUR, GBP and JPY.
The Reserve Bank of India published an updated daily reference rate for the US Dollar that serves as the official benchmark for Dollar Rupee conversion and is used, together with cross currency middle rates, to derive corresponding Rupee exchange rates for the Euro, Pound Sterling and the Japanese Yen; the SDR Rupee rate will be based on this reference rate framework.

Government securities auction re-issues: price-based multiple-price sale allowing competitive and non-competitive E Kuber bids and allocation rules.
Re-issue auctions of specified Central Government stocks will be conducted by the Reserve Bank of India using a price-based multiple-price method with electronic submission via E-Kuber; up to five percent of each notified amount is reserved for eligible individuals and institutions under the Scheme for Non-Competitive Bidding, non-competitive and competitive bids have distinct submission windows, successful bidders remit payment on the announced settlement date, and the stocks are eligible for When Issued trading under RBI guidelines.

Reference rate for US Dollar underlies daily Rupee exchange rates and determines the SDR Rupee linkage.
The Reserve Bank of India publishes a daily reference rate for the US Dollar which, together with middle rates of cross currency quotes, is used to derive Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; the SDR Rupee rate is stated to be based on that USD reference rate.

Capital increase decision urged to strengthen World Bank Group and advance voice reform, country systems adoption, and SDG financing.
Call for a decision on Selective Capital Increase and General Capital Increase by Annual Meetings 2017 per the Lima roadmap, endorsing SCI to increase Developing and Transition Countries' representation via a dynamic formula, supporting increases in IBRD and IFC resources to bolster the Bank's ability to meet development finance needs while urging operational reforms-adoption of country systems, streamlined safeguards and procurement, faster processing and implementation support for fragile and low-capacity countries.

H1B visa policy raised for skilled Indian professionals, linked to bilateral investment and anti terror financing cooperation.
Raised concerns regarding H1B visa policy for skilled Indian professionals and urged recognition of their contribution to the US economy, situating visa access as pivotal to bilateral economic engagement. The Finance Minister also emphasized Indo US cooperation on measures to counter terror financing and discussed the Indo US Investment Initiative, infrastructure collaboration including NIIF, Smart Cities partnership, and reviewed project pipelines with multilateral finance institutions.

Goods and Services Tax unifies indirect taxation and currency reform aims to increase compliance and reduce cash dependency.
India emphasised its macroeconomic resilience and structural reforms at the G 20 meeting, highlighting planned introduction of the Goods and Services Tax (GST) to unify indirect taxation and a recent currency reform aimed at reducing cash dependency, improving tax compliance and addressing counterfeit risks; these measures form part of a broader agenda to enhance domestic resilience and support continued growth, with discussions also addressing international financial governance and financial sector regulation.

International financial cooperation pursued through bilateral talks and coordinated multilateral stances to advance economic policy goals.
Bilateral discussions centered on policy coordination and mutual collaboration in multilateral financial fora, while a DEA engagement with a credit ratings agency underscored India's asserted GDP resilience and government initiatives to boost growth, employment and financial inclusion; senior Indian fiscal and monetary officials attended the IMF-World Bank Spring Meetings to pursue these priorities.

Multilateral responsibility: rich nations should bolster institutions to finance development and address global inequality.
Rich nations bear a continuing responsibility to support multilateral institutions and enable development financing for poorer countries, including strengthening institutions such as the World Bank to fund policies addressing global inequality. India highlighted domestic measures for inclusive growth - investment in electricity, roads, financial access and housing for the poor - and use of technological innovations to improve targeting of government services, linking national policy efforts with multilateral collaboration.

Extension of PMGKDS deposit and bank upload deadline granted, with Bond Ledger Account effective upon receipt of funds.
Extension granted for completion of deposit and bank upload obligations under PMGKDS for persons who filed declarations and paid the requisite tax, surcharge and penalty by the original cutoff; banks may upload depositor details into the Reserve Bank's E Kuber system and depositors may make commensurate deposits within the extended window, which will not be extended further. Paragraph 5 of the original notification is amended accordingly. The effective date for opening the Bond Ledger Account is the date of receipt of deposits by the Reserve Bank from authorised banks.

Reference rate for US Dollar updated; euro, pound and yen rupee rates published and SDR rupee tied to the reference rate.
Reference rate for the US Dollar is announced as the operative daily market benchmark and, using that rate with middle cross currency quotes, the corresponding euro, pound sterling and yen exchange rates against the rupee are published; the SDR rupee conversion is explicitly based on that reference rate.

Reference rate publication establishes official exchange rates and underpins SDR Rupee conversion and cross currency quotes dissemination.
The Reserve Bank of India issues an official reference rate for the US Dollar and publishes derived cross currency middle rates for Euro, Pound Sterling and Japanese Yen to establish exchange benchmarks. The press release indicates day to day movement in these official benchmarks and states that the SDR Rupee rate will be based on the published reference rate.

Reference Rate: RBI's US dollar reference rate updated, with derived EUR, GBP and JPY exchange rates published.
The Reserve Bank of India announced the reference rate for the US dollar for April 19, 2017, noted the previous day's rate for comparison, published corresponding rupee exchange rates for the euro, pound sterling and Japanese yen derived from the US dollar reference and middle cross currency rates, and stated that the SDR rupee rate will be based on the published reference rate.

Official visit to participate in multilateral financial meetings and hold bilateral and investor engagements abroad.
The Union Finance Minister will undertake a five day official visit to the United States to participate in multilateral financial meetings and to conduct bilateral and investor engagements, with a delegation including senior economic officials and central bank representatives; planned participation covers plenary and restricted sessions, an early warning exercise, development committee meetings, and meetings with counterparts, treasury officials, a major development bank president, CEOs and institutional investors.

Reference rate for US dollar updated announcement influencing cross-currency rupee exchange rates and SDR rupee linkage.
Reference rate for the US Dollar is published as the operative benchmark for Rupee-US Dollar conversion; using that benchmark and middle cross currency quotes the Rupee rates for Euro, Pound Sterling and Japanese Yen are provided, with the SDR-Rupee rate stated to be based on the published reference rate.