Government securities auction: multiple stocks offered with multiple price method, non competitive quota and electronic bidding procedures.
Announcement prescribes sale/re issue of specified central government stocks and a floating rate bond through price based and yield based auctions under an overall notified limit with an option to retain additional subscriptions. Auctions will be conducted by the Reserve Bank of India using the multiple price method, with up to 5% of each notified amount reserved for eligible bidders under the Non Competitive Bidding Facility. Competitive and non competitive bids must be submitted electronically on the E Kuber system within prescribed time windows; results and settlement dates are specified, and the stocks are eligible for When Issued trading per RBI guidelines.

Ombudsman scheme extended to eligible non-deposit NBFCs with customer interface and asset-based coverage, with complaint and award limits.
The Reserve Bank extended the Ombudsman Scheme to eligible Non-Deposit Taking NBFCs with customer interface and assets of Rs.100 crore or above, excluding NBFC-IFC, Core Investment Companies, IDF-NBFCs and NBFCs under liquidation. The Scheme provides a free, summary complaint mechanism via four regional Ombudsman offices, permits conciliation or Awards after hearing, and imposes admissibility conditions including prior representation and limitation periods. Awards direct specific performance or compensation subject to caps (actual loss or one million rupees limit; up to one hundred thousand rupees for distress), with an appellate route and NBFC display and nodal officer obligations.

Regulatory sandbox: central banks align frameworks to leverage fintech for broader financial inclusion while strengthening surveillance.
Central banks confront the regulatory and supervisory implications of rapid FinTech-driven digitisation, with policy focus on harnessing innovations to expand financial inclusion while mitigating risks. The Reserve Bank of India is aligning its regulatory and supervisory framework, strengthening surveillance of FinTech-financial sector interactions, advancing national payments infrastructure, and seeking stakeholder input on an Enabling Framework for Regulatory Sandbox to pilot innovations under oversight.

Government securities auction: multiple stocks offered via price and yield-based competitive and non-competitive bidding, with allocation rules.
Announcement of auctions for re-issue of multiple Central Government stocks via price-based and yield-based methods, with a capped total notified amount and optional retention of additional subscriptions. Auctions will use the multiple price method and be conducted electronically on the RBI E-Kuber system. Both competitive and Non-Competitive Bidding facilities are available, with up to five percent of each notified amount reserved for eligible individuals and institutions. The stocks are eligible for When Issued trading under RBI guidelines.

Monetary policy flexibility as the primary defense for EMEs, paired with reserves and payments resilience to manage spillovers.
EMEs confront weakening global growth and trade, heightened financial market vulnerability with sudden capital flow reversals, and volatile oil prices that threaten current accounts and inflation. With constrained fiscal space, monetary policy becomes the primary defense despite its limits; the note advocates calibrating policy rate moves to signal stance and avoid rigid conventions. In the absence of a global safety net, EMEs should build forex reserve buffers. Strengthening payment and settlement systems and introducing a time bound regulatory sandbox for FinTech are urged to bolster financial resilience.

Auction of Government Securities: price-based re-issue with multiple-price method, non-competitive allocation and e-kuber electronic bidding.
The Government announced a price-based re-issue auction of multiple dated Government stocks within an aggregate notified limit, with the RBI conducting auctions by the multiple price method; up to 5% of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility, and both competitive and non-competitive bids must be submitted electronically on the Reserve Bank's E-Kuber system within prescribed time windows, with results and payment scheduled by the issuer and the stocks eligible for When Issued trading under RBI guidelines.

Auction of Government Securities via multiple price method; non competitive bids allowed and results with payment scheduled.
Sale and re issue of specified Government stocks will proceed by auction using the multiple price method with an overall notified limit and an issuer option to retain additional subscriptions within that limit. A set proportion of each notified amount is reserved for eligible individuals and institutions under the Non Competitive Bidding Facility. Competitive and non competitive bids must be submitted electronically via the central banking E Kuber system within prescribed time windows; auction results and payment dates are scheduled, and the securities are eligible for "When Issued" trading under prevailing guidelines.

Rupee interest rate derivatives draft directions aim to unify regulations and invite stakeholder feedback to improve market access.
The Reserve Bank released draft Rupee Interest Rate Derivatives Directions under section 45W to rationalise and unify regulations governing rupee interest rate derivatives, improve consistency and access, and invite feedback from banks and market participants through a specified consultation process directed to the Financial Markets Regulation Department.

Fiscal federalism: design debt allocation, transfers and incentives to promote sustainable subnational finances and local revenue autonomy.
The Commission must assess aggregate government debt limits and propose allocation between centre and states and an apportionment method for state liabilities; design formula based transfers and fiscal equalization that address vertical and horizontal imbalances within data constraints; recommend performance based incentives balancing prospective versus retrospective rewards and equity versus efficiency; strengthen public financial management institutional frameworks for budgeting and reporting; and improve third tier revenue autonomy through property tax reforms, devolution and grants.

Auction of government securities: multiple-price method with electronic bidding and reserved non-competitive allocation.
Sale and re-issue of central government securities is announced via auctions using the multiple price method, within an aggregate notified limit and with an option for additional retention. Auctions allow competitive bids and a capped non-competitive allocation for eligible individuals and institutions. Electronic bids must be submitted on the designated core banking auction platform within prescribed time windows; results and payment dates are pre-specified. The stocks are eligible for when-issued trading under existing guidelines.