Treasury bill auction schedule published; government retains flexibility to modify notified amounts and timing with prior notice.
The Government of India, with the Reserve Bank of India, announced a weekly auction calendar for 91 day, 182 day and 364 day Treasury Bills for the quarter ending September 2022, specifying auction and issue dates and aggregate notified supply per tenor. The Government and RBI retain flexibility to modify notified amounts and timing based on cash requirements and market conditions with prior notice, and all auctions are subject to the terms of the referenced General Notification as amended.

Electoral bond purchase and encashment rules: eligible persons may buy bonds and authorised bank branches issue and encash them.
Electoral Bonds may be purchased by Indian citizens or entities and received only by Political Parties registered under Section 29A of the Representation of the People Act, 1951 that secured not less than one per cent of votes in the last General Election; bonds must be encashed only through an account with an Authorized Bank. Specified authorized branches were designated to issue and encash bonds for the sale phase, bonds are valid for fifteen calendar days from issue, and deposited bonds shall be credited to the eligible party's account on the same day.

Computerization of Primary Agricultural Credit Societies expands a cloud-based common software platform to modernize rural cooperative service delivery.
The Cabinet-approved programme will computerize about 63,000 Primary Agricultural Credit Societies over five years to strengthen efficiency, transparency and service diversification. It establishes a cloud-based common software with cybersecurity and data storage, hardware provision, digitization, maintenance, training, state-customisable vernacular interfaces, central and state Project Management Units, and district-level support for PACS clusters. PACS that are already computerized may receive reimbursement if they integrate with the common platform and meet hardware and commissioning conditions.

Data quality and integrity: innovate collection, validation and modelling to preserve reliable official statistics for policy.
The address stresses the indispensable role of official statistics in policy and crisis response, urging innovation in data sources and collection modes, rigorous validation, and safeguarding data quality, privacy and security. It highlights challenges to modelling and forecasting caused by structural breaks and shifting assumptions during the pandemic, recommends using multiple techniques with timely updates, and describes the Reserve Bank's measures-streamlined data flows, technology investments, consistency checks and alternative collection channels-to preserve data integrity and fulfil reporting obligations.

Auction of government securities: re-issue offering using uniform and multiple price methods with non-competitive allocation and when issued trading eligibility.
Sale re-issues of four Central Government securities are to be conducted by price-based auction (uniform price method for most and multiple price method for one), with the Government able to retain additional subscriptions, an allocation up to five percent for eligible individuals and institutions under the Scheme for Non-Competitive Bidding Facility, electronic bid submission via the Reserve Bank of India Core Banking Solution (E-Kuber) within prescribed time windows, and eligibility for When Issued trading under RBI guidelines.

Monetary policy tightening signals focus on inflation anchoring, liquidity withdrawal and transmission to deposit and lending rates.
The Governor explains the RBI's priority to combat rising inflation by withdrawing excess liquidity and using rate tools and the Standing Deposit Facility so policy rate changes transmit to overnight and lending rates; supply shocks underpin current inflation but anchoring expectations through communication and credible action is critical. Enhanced supervision, an integrated ombudsman scheme and a consumer committee aim to address mis selling and systemic issues, while external outflows and rupee moves are described as global spillovers amid resilient reserves and steady growth recovery.

Capacity Enhancement Plan expands PPP training to strengthen officials' skills for infrastructure project planning and implementation.
The Department of Economic Affairs' Capacity Enhancement Plan delivers offline and online training to strengthen officials' skills in planning, executing, and implementing infrastructure projects. Collaborative programmes, including a dedicated module on Public Private Partnerships (PPPs), partner with management, financial and multilateral institutions to equip participants with PPP structuring, procurement, financial management and governance competencies to support national infrastructure initiatives.

Government securities auction: mixed yield and price methods with reserved non competitive allotment and when issued trading eligibility.
The government announced auctions for four central government securities to be conducted by the central bank using yield based and price based methods with uniform and multiple price allocation; the government may retain additional subscription beyond notified amounts and up to a set share will be allotted under a non competitive bidding facility. Bids must be submitted electronically on the central bank's core banking system within prescribed time windows; auction results and payment dates are notified, and the securities are eligible for "When Issued" trading under applicable central bank guidelines.

Sovereign Gold Bond pricing: online applicants paying digitally receive a per-gram discount during the subscription period.
Sovereign Gold Bond Series I 2022-23 sets an issue price per gram for subscriptions opened June 20-24, 2022 with settlement on June 28, 2022; investors who subscribe online and pay through digital modes are eligible for a per-gram discount from the published issue price.

Expected Credit Loss framework proposed to replace incurred loss provisioning, shifting banks to forward looking provisioning and disclosure regimes.
The Reserve Bank outlined targeted, discretionary Resolution Frameworks permitting banks to tailor rescheduling, interest conversion and moratoria based on borrower viability while limiting regulatory forbearance to avoid moral hazard. It proposed a comprehensive review of investment valuation rules to allow greater fair value recognition and HTM flexibility with enhanced disclosure, and signalled a consultative move to an Expected Credit Loss provisioning framework for banks to foster forward looking loss recognition, reduce procyclicality and strengthen capital resilience.

Fintech regulation must balance innovation with system stability, emphasising model governance, cybersecurity and consumer protection.
Technological change is shifting banking toward digital platforms, creating opportunities in payments, AI/ML credit assessment and inclusion while introducing operational, privacy, model and systemic risks. The Reserve Bank's regulatory approach blends Activity Based Regulation and Entity Based Regulation, supports sandboxes and institution-building, and emphasizes model governance, cybersecurity preparedness, customer protection and inter-regulatory coordination for cross-border technologies.

Statistical transparency: strengthen data quality, integrate high frequency sources, and improve methods and communication for reliable economic signals.
The address calls for strengthening statistical governance through transparent dissemination and rigorous quality standards, integrating high-frequency and unconventional data sources alongside traditional macro aggregates, and assessing their reliability as advance indicators. It advocates deeper research orientation and adoption of modern methods such as text mining, machine learning, and nowcasting, combined with international benchmarking and mentoring. It also emphasises clear, audience-sensitive communication of statistics, acquisition of domain knowledge by compilers, and the protection of integrated information infrastructure to sustain trustworthy public dissemination.

Credit card linkage to UPI expands payment access and convenience via Rupay integration and system updates.
Allowing credit cards to be linked with the UPI authorises a new payment routing option, initially limited to Rupay credit cards after required system developments, expanding UPI beyond debit-linked accounts and complementing prior interoperability of prepaid payment instruments to broaden consumer convenience and merchant access.

Government securities auction: re-issue sold by uniform or multiple price methods with non-competitive allocation and when-issued trading eligibility.
Re-issue auctions for four central government securities will be conducted with three securities sold using the uniform price method and one using the multiple price method; the Government may accept additional subscription against each issue. Up to five percent of each issue will be allotted under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the RBI E-Kuber system within specified time windows on the auction date. Auction results and payment dates are scheduled and the securities are eligible for when-issued trading under RBI guidelines.

Cooperatives allowed on GeM to procure goods and services via platform, subject to onboarding, payment and fee modalities.
The Cabinet expanded the mandate of GeM SPV to permit registered Cooperative Societies to register as Buyers and procure goods and services on GeM. Onboarding will follow a validated list determined by the Ministry of Cooperation in consultation with GeM SPV; GeM will provide dedicated onboarding, technical infrastructure upgrades and support. Payment modalities and any transaction fees for cooperatives will be decided by GeM with the Ministry of Cooperation, and such charges shall not exceed those imposed on other government buyers.