Reference rate determination: central bank published US dollar reference and corresponding cross currency rupee rates today.
The Reserve Bank of India published the Reference Rate for the US dollar for 27 July 2017 and the previous day's value, and provided euro, pound sterling and yen rupee rates derived from that reference rate using cross currency middle rates. The release states that the SDR Rupee rate will be based on the published reference rate, establishing the operative basis for conversion and valuation for that date.

Fiscal deficit target and conditional borrowing flexibility imposed, subject to debt and interest to revenue compliance.
The Government reports a steady reduction in the Centre's fiscal deficit and summarizes State fiscal deficits and outstanding liabilities. Pursuant to Fourteenth Finance Commission recommendations, States are subject to a fiscal deficit target with conditional flexibility to borrow additional amounts only if they satisfy prior-year debt to GSDP and interest to revenue thresholds and have no revenue deficit when borrowing limits are fixed. The Centre increased States' share of divisible taxes and provided post devolution revenue deficit grants to certain States.

Credit guarantee for startups enables collateral-free lending via portfolio guarantees with lender exposure capped per borrower.
The Credit Guarantee Scheme for Startups provides a government backed portfolio guarantee to enable collateral free lending to DIPP recognised startups, guaranteeing lender exposure up to a capped amount per eligible borrower across instruments like term loans, working capital and venture debt. Coverage is portfolio based with losses reckoned against net cash losses; eligible MLIs include scheduled banks, financial institutions, RBI registered NBFCs and SEBI registered AIFs. KYC mandates Aadhaar for resident directors/partners and passport for non residents. The scheme is managed by the National Credit Guarantee Trustee Company with oversight by a Management Committee and a Risk Evaluation Committee.

Reference exchange rate publication sets the base US dollar rate and informs derived rupee cross currency rates and SDR conversion.
Publication of the Reserve Bank of India's reference exchange rate for the US dollar establishes the official benchmark for the rupee on July 26, 2017, with the prior day's rate noted; derived cross-currency rupee rates for the euro, pound sterling and yen are provided using the reference and middle cross-currency quotes, and the SDR-rupee rate is to be based on that reference.

Reference rate for the US dollar set as the operative benchmark, determining cross currency exchange rates and SDR linkage.
The Reference rate for the US dollar is declared as the operative rupee benchmark for the specified date, with the prior day's figure noted for comparison. Exchange rates for euro, pound sterling and yen are computed from that USD reference using cross currency middle rates, and the SDR Rupee rate is stated to be based on the published reference rate.

Government securities auction: re-issue offered via price-based multiple-price auction with reserved non-competitive allotment.
Sale by price-based, multiple-price auction of specified Government securities is to be conducted electronically on the central banking system; distinct electronic submission windows are prescribed for non-competitive and competitive bids, with a reserved proportion of each issue allocated to eligible bidders under the Non-Competitive Bidding Facility. Auction results will be announced on the auction date and payment by successful bidders will follow on the prescribed settlement date. The securities will be eligible for When Issued trading under the existing guidelines.

Reference rate for US dollar set; it determines cross-currency rupee rates and SDR rupee valuation update.
The document reports the Reference Rate for the US dollar and, using middle cross currency quotes, provides corresponding rupee exchange rates for the euro, pound sterling and yen; it states that the SDR Rupee rate will be based on the published reference rate.

Insolvency and bankruptcy reforms to improve recoveries and regulatory restructuring tools aimed at restoring bank asset quality.
Public sector banks' concentrated impairments in sectors like infrastructure, steel and textiles have restrained system credit growth and prompted portfolio rebalancing. The Government and central bank have enacted statutory and regulatory measures to restore asset quality: the Insolvency and Bankruptcy Code to improve recoveries and an amendment empowering regulator directed resolution, alongside supervisory tools including the Prompt Corrective Action framework, Income Recognition and Asset Classification norms, and multiple restructuring schemes and lender forums to manage stressed assets.

Interest subvention for short-term crop loans secures subsidised lending rates and targeted relief measures for farmers post demonetisation.
Post demonetisation relief includes a 60 day grace period with a prompt repayment incentive for eligible crop loan dues, a two month interest waiver for cooperative bank short term crop loans with upfront deposit of waived interest, NABARD borrowings for on lending to cooperative banks at a concessional rate, continuation of the Interest Subvention Scheme to ensure short term crop loans reach farmers at the capped ground level rate, and regulatory measures promoting Financial Inclusion Plans and permitted Banking Outlets to expand rural banking coverage.

Reference rate for US Dollar established as the official benchmark, with cross currency rupee rates and SDR conversion based on it.
The Reserve Bank of India published the Reference Rate for the US Dollar for July 21, 2017 and noted the prior day's rate; it provided derived Euro, Pound Sterling and Japanese Yen exchange rates for July 20 and July 21, 2017 based on the Dollar reference rate and cross currency middle rates, and stated that the SDR Rupee rate will be based on the published reference rate.

Reference rate for US Dollar updated; cross-currency rupee rates and SDR Rupee linkage announced effective today.
The Reserve Bank of India published an updated reference rate for the US Dollar and accompanying cross currency exchange rates for EUR, GBP and JPY against the Rupee, reporting current and preceding day benchmarks and middle rates; the announcement specifies that the SDR Rupee rate will be determined on the basis of the published reference rate, creating a direct linkage for SDR conversions.

The Future of Cash prompts policy debate on currency, payments and digital transition, with data and professional credibility also central.
Announcement of a one-day conclave inaugurated by the Union Finance Minister with sessions on The Future of Cash, addressing currency and payment-system policy, and on Data as the oil of the 21st Century, focusing on data's economic value and India's policy response, followed by a panel on restoring the credibility and effectiveness of the economics profession in policymaking and international engagement.

Reference rate for US dollar informs cross currency rupee rates and determines the SDR Rupee calculation daily.
The press release publishes the Reserve Bank's daily reference rate for the US dollar, compares it with the prior day's rate, and, using cross currency middle rates, supplies corresponding rupee exchange rates for the euro, pound sterling and Japanese yen; it also states that the SDR Rupee rate is based on this published reference rate.

Centralised enforcement department speeds regulatory compliance; separation of oversight and punitive decision-making ensures evidence-based bank enforcement.
Creation of a centralised Enforcement Department (EFD) to expedite regulatory compliance and to carry out enforcement action on commercial banks, with a structural separation between those who oversee possible rule breaches and those who decide punitive measures to ensure evidence-based and fair enforcement.

Insolvency referral criterion: large exposures with substantial nonperforming assets must be referred for insolvency if resolution fails.
An Internal Advisory Committee adopted an objective criterion requiring referral of large-exposure accounts with a high proportion of non-performing assets to the Insolvency and Bankruptcy Code, prompting directions to banks to refer twelve accounts and to finalise resolution plans for other NPAs within six months or else initiate insolvency. RBI withheld borrower identities under section 45E secrecy obligations and mandated minimum provisioning for the twelve accounts equal to the higher of a secured/unsecured formula or existing asset-classification provisions, to be phased in by year-end.

Minimum balance and transaction charges: bank may levy fees for withdrawals and ATM use after free limits are exceeded.
State Bank of India has implemented a tiered fee regime linking monthly free debit transaction limits to Monthly Average Balance bands and centre classification; transactions beyond those free limits incur specified per-transaction charges for branch cash withdrawals and for ATM usage at bank and other-bank ATMs, justified as recovery of infrastructure and interbank servicing costs.

Capital infusion in public sector banks under Indradhanush Plan proceeds with phased allocations and partial disbursement.
Infusion of capital in Public Sector Banks under the Indradhanush Plan is a phased government recapitalisation programme with specified annual allocations released based on quantitative assessments of bank growth and compliance; a majority of the earmarked funding was disbursed during the initial two fiscal years, and further releases remain contingent on continued performance analysis.

RBI directions to initiate insolvency under IBC empower referral of large stressed accounts and require time-bound resolution.
The Ordinance empowers the Reserve Bank to direct banks to initiate insolvency resolution under the Insolvency and Bankruptcy Code for defaults and to issue directions on stressed assets, including constituting advisory bodies. The Overseeing Committee now sits under the Reserve Bank to review high exposure cases. An Internal Advisory Committee adopted an objective referral criterion for very large, largely non performing accounts, prompting RBI directions to refer qualifying accounts to the IBC and requiring banks to finalise resolution plans within a six month period or file for insolvency.

Reference rate for US dollar published, triggering corresponding cross-currency rates and SDR Rupee linkage and affecting exchange quotations.
The Reserve Bank of India published the Reference Rate for the US dollar and, using middle cross-currency rates, provided exchange rate quotations for the euro, pound sterling and yen against the rupee; the SDR-Rupee rate is to be based on the Reference Rate.

Government securities auction using multiple price method; non competitive allotment allowed and electronic bids required.
The Reserve Bank of India will conduct price based re issue auctions of specified Government stocks using the multiple price method, with electronic submission of competitive and non competitive bids via E Kuber within prescribed time windows. Up to five per cent of each notified amount is reserved for eligible investors under the Scheme for Non Competitive Bidding Facility. Auction results will be announced on the auction date and payment is due on the stated settlement date. The stocks are eligible for When Issued trading per RBI guidelines.