Revival and Rehabilitation of MSMEs: framework for early stress detection, corrective action plans and structured restructuring to preserve viable units.
Framework requires early detection of incipient stress and allows voluntary initiation by enterprises; banks must form Committees to design a Corrective Action Plan (CAP) including rectification, restructuring or recovery. Restructuring can be via Enterprise Debt Restructuring or independently after a Techno Economic Viability study with prescribed timelines. Prudential asset classification and provisioning continue during consideration, restructuring benefits may be available as incentive, and treatment of willful defaulters and a limited review of Committee recovery decisions are mandated.

Monetary policy review to be announced via press release by central bank as scheduled and time.
The Reserve Bank of India will issue the Second Bi monthly Monetary Policy Review for 2015-16 by press release scheduled for 2 June 2015 at 11:00 a.m., issued under the signature of the Principal Chief General Manager as the official policy communication.

Reference rate for the US dollar establishes the basis for rupee exchange rates and the SDR rupee rate.
The Reserve Bank of India publishes the Reference Rate for the US Dollar and, using that rate with middle cross currency quotes, issues derived exchange rates for the euro, pound sterling and Japanese yen; the SDR-Rupee rate is stated to be based on the published reference rate, forming the RBI's operative mechanism for daily currency rate dissemination.

Net Stable Funding Ratio: draft guidelines require banks to maintain sustainable funding profiles to reduce funding-risk and promote stability.
The Reserve Bank of India issued draft guidelines on the Net Stable Funding Ratio under the Basel III liquidity framework, proposing applicability from January 1, 2018 and inviting comments by June 26, 2015. The NSFR aims to ensure banks maintain a sustainable funding profile, limit reliance on short-term wholesale funding, and promote comprehensive assessment of funding risk across on- and off-balance-sheet items.

Reference rate for US Dollar updated, informing cross currency rupee exchange rates and establishing SDR Rupee linkage.
The Reserve Bank of India published an updated Reference Rate for the US Dollar to serve as the primary benchmark for rupee conversion; using that dollar reference rate together with middle cross currency quotations the RBI set rupee exchange rates for Euro, Pound Sterling and Japanese Yen and specified that the SDR Rupee rate will be based on the same reference framework.

Reference rate for US dollar sets rupee exchange levels and determines SDR rupee valuation based on cross currency quotes.
Reserve Bank of India published the Reference Rate for the US dollar at Rs.63.9475 (previous day Rs.63.8450) and, using that Reference Rate with cross currency middle rates, supplied rupee exchange rates for 1 EUR at 69.8562, 1 GBP at 98.6390 and 100 JPY at 52.02; the SDR Rupee rate will be based on the Reference Rate.

Government stock re-issue auction using price-based multiple-price method with competitive and non-competitive bidding and allocation rules.
Sale (re-issue) of Government Stocks will be conducted by the Reserve Bank of India through price-based auctions using the multiple price method; both competitive and non-competitive bids are permitted via the E-Kuber system with prescribed submission windows, up to a capped percentage of the notified amount reserved for eligible individuals and institutions under the Scheme for Non-Competitive Bidding Facility, and the re-issued Stocks will be eligible for When Issued trading under RBI guidelines.

Reference rate for US Dollar sets rupee cross rates and determines the SDR rupee conversion basis.
The Reserve Bank publishes a Reference Rate for the US Dollar as the daily benchmark for valuing the rupee and derives rupee cross rates for major currencies using middle cross currency quotes; the SDR Rupee rate is to be based on that published reference rate.

Reference rate: updated US dollar benchmark used to derive euro, pound and yen exchange rates against the rupee.
The Reserve Bank of India published the Reference Rate for the US Dollar and, using that rate together with middle rates of cross currency quotes, provided corresponding rupee exchange rates for the euro, pound sterling and yen; the release compares the current quotation with the previous day and states that the SDR Rupee rate will be based on the published reference rate.

Foreign direct investment: no prior central bank approval required, but mandatory reporting and route specific compliance apply.
An Indian company receiving foreign direct investment is not required to obtain prior Reserve Bank approval; instead there is a mandatory reporting requirement for capital inflows and subsequent share issuance in prescribed formats under the Regulations. FDI may be routed either through an automatic route with no prior approval or through an approval route requiring prior government consent, and investments under both routes remain subject to the applicable FDI policy and regulatory conditions.

Reference rate publication determines official daily exchange rates and underpins cross-currency and SDR Rupee conversions.
The Reserve Bank of India issues an official daily reference rate for the US dollar which anchors derived rupee exchange rates for euro, pound sterling and yen using middle cross currency quotes; the RBI's published reference rate is the designated basis for determining the SDR Rupee rate for official conversions.

Extension of project completion date enables completion of national automotive testing and R&D infrastructure objectives.
Extension of completion date of the National Automotive Testing and R&D Infrastructure Project (NATRiP) by three years was approved to allow the project to meet its objectives of delivering state of the art automotive testing, homologation and R&D facilities. The project includes testing and homologation centres at Manesar and near Chennai, upgrades at ARAI Pune and VRDE Ahmednagar, development of proving grounds with climatic pads determined with international technical assistance, a national tractor and off road vehicle testing centre with accident data analysis and training at Rae Bareilly, and a hill driving training and regional in use vehicle management centre at Dholchora (Silchar).

FDI policy now treats non repatriable NRI investments under Schedule 4 of FEMA as domestic investments.
The amendment redefines Non-Resident Indian (NRI) to include OCI cardholders and deemed PIO cardholders, and provides that NRI investments under Schedule 4 of FEMA made on a non repatriable basis shall be deemed domestic investment, not treated as foreign investment for FDI policy purposes, thereby allowing NRIs, OCI and PIO cardholders to invest across sectors without conditions applicable to foreign investment.

Reference exchange rate for the US dollar published; governs rupee conversions for cross currencies and SDR valuation.
Reserve Bank of India published the daily reference exchange rate for the US dollar and, using middle cross currency quotes, provided corresponding rupee rates for the euro, pound sterling and Japanese yen; the SDR-rupee rate is to be based on the published reference rate.

Reference rate update: rupee exchange rates for major currencies adjusted; SDR rupee rate set to follow the reference rate.
The Reserve Bank of India published its US dollar reference rate and the previous day figure, and provided rupee exchange rates for the euro, pound sterling and Japanese yen derived from that reference rate and cross currency middle rates; it also states that the SDR Rupee rate will be based on the reference rate.

Auction of Government Securities using multiple price method with electronic competitive and limited non-competitive bidding.
Central Government stocks will be sold by auction using the multiple price method through electronic submission on the RBI E-Kuber system, accepting competitive and non-competitive bids within prescribed time windows; up to five percent of each issue is reserved for eligible participants under the Scheme for Non-Competitive Bidding Facility, results and settlement will follow announced timelines, and the stocks will be eligible for When Issued trading under RBI guidelines.

Reference rate for US dollar published, producing updated euro, sterling and yen rupee rates and linking SDR rupee rate.
The Reserve Bank published the Reference Rate for the US dollar and corresponding rupee quotations for euro, pound sterling and yen, derived from the US dollar reference and middle cross-currency rates; it also states the SDR-Rupee rate will be based on that reference rate.

Reference rate for US dollar determines exchange rates for other currencies and SDR rupee valuation.
The central bank publishes a Reference Rate for the US dollar that serves as the benchmark for deriving Rupee exchange rates; cross-currency middle rates are applied with that reference to produce Euro, Pound Sterling and Japanese Yen rates against the Rupee. The SDR-Rupee rate is likewise determined based on the same Reference Rate framework.

Single demat account and uniform KYC norms to be expedited, with common account aggregation and regulator coordination.
Expedite implementation of Single Demat Account and Uniform KYC norms, and establish a regulatory framework and common account aggregation facility to consolidate individuals' financial asset information; monitor regulator progress via an MIS portal and advance institutional reforms including a Resolution Corporation, Public Debt Management Agency, Financial Data Management Centre and Financial Sector Appellate Tribunal, while reviewing macroeconomic vulnerabilities, corporate bond market development and measures for timely detection of bank frauds.

Official development assistance reinforces bilateral infrastructure cooperation, enabling transmission system upgrades under a JICA loan commitment.
Japan committed an Official Development Assistance (ODA) loan through JICA for the Odisha Transmission System Improvement Project by Exchange of Notes between the Government of India and the Japanese Ambassador, specifying Yen 21.787 billion (approximately Rs.1165 crore) to finance transmission infrastructure upgrades and reflecting continued bilateral development cooperation and strategic partnership.