Development agenda for New India directs strategy, PSU equity monetisation, governance reforms and electric mobility coordination.
NITI Aayog will publish a Development Agenda for New India 2022 and subsequently prepare a 15 year vision; the Agenda is part of a planned sequencing with short and medium term strategy documents to set priorities for economic growth. The Aayog endorses measures to unlock equity value in profitable PSUs via performance improvement, public accountability and partial monetisation through strategic divestment, recommends corporate governance reform for public sector banks, advocates simultaneous elections to reduce policy disruption, and will coordinate an electric mobility framework across ministries.

Government securities auction: price and spread-based sales with reserved non-competitive allotment and electronic bidding requirements.
Announcement of auctions for several central government securities and a floating rate bond to be conducted by the Reserve Bank of India using the multiple price method, combining price-based and spread-based auctions. The government may retain additional subscriptions within the overall notified limit. Up to a reserved portion will be allotted under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically via E-Kuber within specified windows; auction results and payment dates are set, and the securities will be eligible for When Issued trading under RBI guidelines.

Reference rate publication: RBI's US dollar reference rate and derived cross-currency rupee rates set SDR rupee basis.
The Reserve Bank published the official rupee reference rate for the US dollar and, using that rate with middle cross-currency quotes, provided corresponding rupee rates for the euro, pound and yen. The announcement notes the prior day's reference level for comparison and states that the SDR Rupee rate will be based on the published US dollar reference rate and derived cross-currency rates.

Reference rate for US dollar updated, affecting cross-currency rupee rates and SDR rupee valuation upon publication.
The Reserve Bank of India published the Reference Rate for the US dollar, compared it with the prior business day, and, using middle cross currency rates, provided rupee exchange rates for the euro, pound and yen; the SDR Rupee rate is to be based on that reference rate.

Reference exchange rate for US Dollar published; euro, pound and yen cross rates set against the rupee accordingly.
The Reserve Bank published the US Dollar reference rate and the prior day's rate, and, using cross currency middle rates, provided Euro, Pound and Yen exchange rates against the Rupee; the SDR Rupee rate is to be based on that reference rate.

Electoral bond eligibility governs who may purchase and which parties may receive donations, with limited validity and bank encashment.
Electoral bond purchases are restricted to Indian citizens or entities; individuals may buy singly or jointly. Only political parties registered under Section 29A and meeting the vote-share eligibility may receive electoral bonds, which must be encashed only through an authorised bank account and are credited to the party's account on the same day. Bonds have a limited validity period and payments will not be made if deposited after expiry.

Reference rate for US Dollar announced; derived euro, pound and yen exchange rates and SDR Rupee linkage follow.
Announcement of the reference rate for the US Dollar for April 24, 2018 and the prior day, and publication of derived exchange rates for the euro, pound sterling and yen against the rupee using the reference rate and middle cross currency quotes; the SDR Rupee rate is stated to be based on this reference rate.

Auction of government stocks: price-based multiple-price sale with non-competitive allocation and electronic bidding deadlines and when-issued trading eligibility.
Re-issue auctions of government stocks will be conducted by the central bank using the Multiple Price Method with a combined notified amount subject to an option to retain additional subscriptions; up to 5% of each issue is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the central bank's Core Banking Solution within prescribed time windows on the auction date; auction results and payment/settlement occur on specified consecutive dates. The re-issued stocks are eligible for When Issued trading per the central bank's guidelines.

National e commerce policy framework to guide regulatory, taxation and data localisation recommendations for digital economy.
A multi stakeholder think tank will develop a Framework for National Policy on E commerce by producing evidence based recommendations across interrelated areas: infrastructure, regulatory design, taxation, data flows and server localisation, intellectual property, FDI and technology transfer, organisational disruption, skill development, and trade positions, while also identifying policy measures to promote entrepreneurship, nurture domestic firms and generate jobs in the digital economy.

Reference rate for US Dollar updated, with cross currency Rupee rates and SDR Rupee basis provided for market reference.
Reserve Bank of India published the reference rate for the US Dollar and, using that rate with middle cross currency quotes, provided exchange rates of the Euro, Pound Sterling and Japanese Yen against the Rupee; it also stated that the SDR Rupee rate will be based on the reference rate.

Capital management efficiency urged to enable timely shareholding review and improved lending terms for middle income countries.
India urged improved capital management at the World Bank Group, requesting a prompt review of IBRD transfers to IDA and efficient deployment of the buffer. The Secretary welcomed the capital increase package for IBRD and IFC, supported the shareholding review and a dynamic formula, and urged early preparation for the next capital review to enable increased lending to middle income countries and revision of single borrower limits.

Reference rate for US Dollar published, producing corresponding Rupee exchange rates for euro, pound and yen the following day.
The Reserve Bank published its daily reference rate for the US Dollar, comparing it with the previous day's rate, and used that USD reference together with middle cross currency quotes to derive and publish Rupee exchange rates for the euro, pound sterling and Japanese yen; it also states that the SDR Rupee rate will be based on the reference rate.

Reference rate for US Dollar establishes rupee exchange rates for major currencies and determines the SDR Rupee conversion.
The Reserve Bank published a reference rate for the US Dollar which, together with middle cross currency quotes, yields rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; the SDR Rupee rate will be based on this reference.

Resolution of stressed assets: new framework mandates timely bank-led restructuring or statutory insolvency if credible plan is not secured.
The February 12, 2018 framework requires lenders to report defaults promptly, implement credible resolution plans within a prescribed period after default, and refer unresolved cases to the statutory insolvency process, withdrawing earlier forbearance and process prescriptions while allowing lenders discretion to structure joint or individual workouts supported by independent user pays credit opinions and board approved parameters to prevent evergreening.

Reference rate publication sets the base US dollar rate and determines cross currency and SDR rupee exchange rates.
The Reserve Bank of India publishes a daily Reference Rate for the US dollar that serves as the base for deriving rupee exchange rates for other currencies; euro, pound and yen rates are computed from the dollar Reference Rate using middle cross currency quotes, and the SDR rupee rate is based on this Reference Rate framework.

Currency supply assurance: government and central bank mobilise reserves and restore ATMs to meet surging cash demand.
The Government and the central bank have mobilised currency reserves and operational measures to meet an unusual surge in demand, affirming that notes of all major denominations remain sufficient and will continue to be supplied as needed, while coordinating ATM replenishment and normalisation to ensure cash availability.

Reference exchange rate for US dollar published; cross-currency rupee rates and SDR rupee linkage officially stated.
The Reserve Bank of India published the reference exchange rate for the US dollar for April 17, 2018, comparing it with the previous day's rate and supplying the middle cross-currency quotes from which Rupee rates for the euro, pound sterling and Japanese yen are derived; the release also specifies that the SDR Rupee rate will be based on this reference rate.

Minimum capital requirements for unregulated other financial services set entry thresholds for fund and non fund activities.
Minimum capital requirements apply to Other Financial Services unregulated by any financial sector regulator where FDI is permitted under the Government route: higher minima for fund based activities and lower minima for non-fund based activities. The rule covers entities unregistered with or exempted from sector regulators, activities partly regulated, and situations of doubt about regulatory oversight. Fund based activities include merchant banking, underwriting, portfolio management, stock broking, asset management, venture capital, custodian services, factoring, leasing and finance, housing finance, credit card business, micro credit and rural credit; non-fund based activities include investment advisory, financial consultancy, forex broking, money changing and credit rating agencies.

Auction re-issue of government securities: multiple price electronic auction allowing competitive and non-competitive bids with reserved allocation.
Re issue auctions of several Central Government securities will be conducted electronically by auction using the multiple price method, allowing competitive and Non Competitive Bidding Facility participation with up to five percent reserved for eligible individuals and institutions; specified submission windows, announcement of results, payment date, and eligibility for When Issued trading under existing guidelines are provided.

Reference exchange rate guidance: RBI published a US dollar reference rate and derived rupee rates for major currencies.
The Reserve Bank published a reference rate for the US dollar and, using cross currency middle rates, provided the corresponding rupee exchange rates for the euro, pound sterling and the yen; it also states the SDR Rupee rate will be based on that reference rate.