Foreign direct investment liberalisation expands the automatic route and sectoral caps, facilitating increased investor access and domestic production.
Government FDI reforms (2014-2017) liberalised multiple sectors, shifted many activities to the automatic route, raised investment caps, introduced composite caps and raised approval thresholds. A specific condition permits 100% FDI in retail trading of food products only if products are manufactured and/or produced domestically. In the financial sector, activities regulated by a financial sector regulator qualify for 100% FDI under the automatic route; unregulated financial activities require approval. Annexed inflow data show sustained increases in FDI equity and total inflows following these measures.

Reference rate for US dollar updated; euro, pound and yen exchange rates against the rupee set accordingly.
Reserve Bank of India publishes an updated Reference Rate for the US dollar and, based on that rate and middle cross currency quotations, specifies corresponding euro, British pound and Japanese yen exchange rates against the rupee; the SDR Rupee rate will be derived from the stated reference rate.

Reference rate for US Dollar updates central bank exchange benchmarks and determines SDR Rupee conversion basis.
Publication of the Reference Rate for the US Dollar establishes the central bank benchmark for Rupee conversion and provides prior day comparison. The central bank derives exchange rates for Euro, Pound Sterling and Japanese Yen from this reference rate using cross currency middle rates, and specifies that the SDR Rupee rate will be based on the Reference Rate.

Reference rate for the US dollar shapes cross currency exchange rates and underpins the SDR rupee linkage.
The Reserve Bank of India published the Reference Rate for the US Dollar and the middle rate based exchange rates for Euro, Pound Sterling and Japanese Yen against the Rupee, and stated that the SDR Rupee rate will be based on the published reference rate.

Reference rate for US dollar updated; euro, pound and yen exchange rates against rupee adjusted accordingly.
Reserve Bank of India published an updated reference rate for the US dollar and provided corresponding rupee exchange rates for euro, pound sterling and yen derived from that reference and middle cross-currency quotes; the SDR rupee rate will be computed on the basis of the published reference rate.

Reference exchange rate published for the US dollar, used to derive cross currency and SDR Rupee rates.
The monetary authority published the official reference rate for the US dollar on May 15, 2017 and provided corresponding previous day data. It used that US dollar reference rate and middle rates of cross currency quotes to derive exchange rates for the euro, pound sterling and Japanese yen against the rupee. The release specifies that the SDR Rupee rate will be based on the published reference rate and is issued as an official press release to set the benchmark for currency conversion and reporting.

Goods and services tax implementation reshapes fiscal federalism and state finances, requiring dispute resolution and IT infrastructure.
Implementation of the Goods and Services Tax will affect growth, inflation, government finances and competitiveness and is expected to reshape fiscal relations by promoting cooperative federalism. Successful implementation depends on a robust dispute resolution mechanism, reliable IT infrastructure via the GSTN, greater devolution through statutory transfers to preserve state expenditure flexibility, and attention to medium term state debt sustainability.

Reference exchange rate for the US dollar announced, with euro, pound and yen rupee rates and SDR linkage.
The Reserve Bank of India announces the reference rate for the US dollar and, using that rate with middle cross currency quotes, provides rupee exchange rates for the euro, pound sterling and yen; the SDR Rupee rate is to be derived from the published reference rate.

Reference rate for the US dollar set by central bank, with derived cross currency rates and SDR rupee linkage.
The central bank published the Reference Rate for the US dollar and, using middle cross currency quotes, provided derived exchange rates for the euro, pound sterling and yen; the statement specifies that the SDR Rupee rate will be based on this reference rate.

Reference Rate for US Dollar sets rupee exchange benchmarks and determines the SDR Rupee base for currency conversions.
Announcement establishing the Reference Rate for the US Dollar on the specified date and, using that USD reference rate with middle cross currency quotes, publishing exchange rates for euro, pound sterling and yen against the rupee; it also states that the SDR Rupee rate will be based on the announced reference rate.

Non-competitive bidding facility permits reserved allotment in government securities auctions conducted electronically and allows when issued trading.
Sales of multiple Central Government securities will be conducted using the multiple price method through electronic auctions on the RBI E Kuber platform, offering both competitive and non competitive bidding with prescribed submission windows; up to five percent of each notified issue is reserved under the Non Competitive Bidding Facility, and the securities are eligible for when issued trading under RBI guidelines.

Reference rate publication sets Rupee exchange rates for major currencies and determines the SDR Rupee conversion.
The Reserve Bank of India publishes a reference rate for the US dollar and, using that rate together with the middle rates of cross currency quotes, provides corresponding exchange rates for the euro, pound sterling and yen; the SDR Rupee rate is calculated based on the published reference rate.

Directive powers for stressed asset resolution enable regulator-ordered insolvency initiation and appointment of advisory committees.
The ordinance creates two new statutory provisions empowering the Union Government to authorize the central banking regulator to direct banking companies to resolve specified stressed assets, including initiating insolvency resolution where necessary, issuing other resolution directions, and appointing or approving authorities or committees to advise on stressed asset resolution, with particular application to consortium or multiple banking arrangements.

Reference exchange rate for US Dollar updated; cross-currency EUR, GBP, JPY rates and SDR-Rupee linkage noted.
Reference exchange rate for the US Dollar is published for May 05, 2017, with the prior day's figure noted; cross-currency middle rates are used to derive Euro, Pound Sterling and Japanese Yen exchange rates against the Rupee for May 04 and May 05, 2017. The release also states that the SDR-Rupee rate will be based on the published reference rate.

Reference exchange rate for the US dollar published; euro, pound and yen rates derived and SDR rupee tied to that reference.
Publication of a daily reference exchange rate for the US dollar with the previous day's comparator; euro, pound sterling and yen exchange rates are presented as derived from that US dollar reference using middle cross currency quotes, and the SDR rupee rate is declared to be based on the reference rate.

Reference rate publication establishes official USD rupee benchmark and ties SDR rupee conversions to that market reference.
The Reserve Bank of India published the Reference Rate for the US Dollar and, using cross currency middle rates, provided rupee exchange rates for the euro, pound sterling and yen; it further states the SDR Rupee rate will be based on the published reference rate.

Reference rate for US dollar published; used to derive euro, pound and yen rupee rates and the SDR Rupee linkage.
The Reserve Bank of India publishes a reference rate for the US dollar and, using that rate with cross currency middle rates, derives rupee exchange rates for the euro, pound and yen; the notice also states the SDR Rupee rate will be based on the published reference rate, and provides comparable figures for the current and previous business day.

Auction of government stocks: multiple-price auctions with non-competitive allotment and electronic bids via E-Kuber, payment post-allotment.
Sale by re-issue of multiple Central Government stocks will be conducted through price-based auctions using the multiple price method via the Reserve Bank of India's E-Kuber system; both competitive and non-competitive bids are accepted with up to 5% of notified amounts reserved for eligible individuals and institutions under the Scheme for Non-Competitive Bidding, specified electronic submission windows apply, and the stocks are eligible for When Issued trading under RBI guidelines.

Reference rate for US Dollar updated; cross-currency rupee rates for euro, pound, yen adjusted and SDR conversion noted.
Reference rate for the US Dollar has been published with the prior day's comparison; using that reference and middle cross currency quotes the rupee exchange rates for euro, pound and yen are reported, and the SDR-Rupee rate will be based on the published reference rate.

Reference exchange rate published by Reserve Bank sets dollar benchmark and informs cross currency rupee rates and SDR linking.
Reserve Bank publishes a daily reference exchange rate for the US dollar and, using that reference with cross currency middle rates, provides rupee rates for euro, pound sterling and yen; the SDR rupee rate is to be based on the published reference rate.