Multilateral finance coordination advances SDG financing, shareholding review and governance reforms at IMF and World Bank meetings.
The Finance Minister led India's delegation to the IMF and World Bank Annual Meetings in Lima to pursue multilateral finance coordination, addressing SDG financing, World Bank shareholding review, changes to IDA financing structures, measures to strengthen global recovery and financial stability, and the implementation stalemate of the 2010 IMF quota and governance reforms, supplemented by bilateral meetings with the World Bank President and other finance ministers.

Reference rate publication: RBI updated the US dollar reference rate and provided cross currency and SDR Rupee rates.
The Reserve Bank of India announced the US Dollar Reference Rate and, using that rate and cross currency middle rates, published exchange rates for the Euro, Pound Sterling and Japanese Yen against the Rupee; it stated the SDR Rupee rate will be based on the published Reference Rate.

Reference rate publication sets rupee exchange rates for major currencies and links the SDR rupee rate to that reference.
Publication of the Reserve Bank's reference rate for the US dollar with the previous day comparison, and provision of rupee exchange rates for euro, pound sterling and yen derived from that US dollar reference and middle cross currency quotes; it also states that the SDR rupee rate will be based on the published reference.

Reference rate publication for the US dollar guides cross-currency exchange rates and sets the SDR Rupee determination.
The Reserve Bank of India published the daily reference rate for the US Dollar and the prior day's rate, which is used to derive cross-currency exchange rates for Euro, Pound Sterling and Japanese Yen against the rupee, and specifies that the SDR-Rupee rate will be based on the published reference rate.

RBI reference rate for US dollar published, with euro, pound and yen exchange rates and SDR rupee derived accordingly.
Publication of a central bank reference rate for the US dollar establishes an official benchmark for rupee conversions. The Reserve Bank announces the US dollar reference rate and, using that rate with middle cross currency quotes, publishes corresponding euro, pound and yen exchange rates and states that the SDR rupee rate will be based on the reference rate.

Treasury bill auction schedule: quarterly issuance calendar with tenor allocations and flexibility to modify timing and amounts.
Notification of a quarterly Treasury Bill auction calendar specifying weekly auction dates and issuance allocations by tenor (91 day, 182 day, 364 day) with aggregate totals, while reserving Government of India and Reserve Bank of India discretion to modify amounts and timing based on cash requirements, market conditions or intervening events; auctions are subject to the terms and conditions of the applicable General Notification governing treasury bill operations.

Government securities issuance calendar announced; weekly auctions allocate tenors to support market transparency and planning.
The indicative issuance calendar for October 1, 2015 to March 31, 2016, issued with the Reserve Bank of India, establishes regular weekly auctions allocating supply across four tenor bands (05-09, 10-14, 15-19 and 20+ years). Most weeks are sized at fifteen thousand crore, later weeks at fourteen thousand crore, with sub-allocations reducing principally in the 10-14 year band; the calendar sets specific weekly auction windows and a program total of two lakh thirty-four thousand crore for the period.

Fast track arbitration mandates single-member panels to resolve commercial disputes within a short statutory timeframe, accelerating enforcement.
A new legislative initiative establishes fast track arbitration with single-member panels operating under a mandated short statutory timeframe and accelerates Dispute Resolution Tribunals through online processing to expedite banking-related dispute adjudication; complementary reforms target operational autonomy, recapitalization, a Banking Bureau, professionalised recruitment for Public Sector Banks, and a forthcoming Exit Policy to address stressed sector exposures.

Reference rate for US dollar updated, affecting cross currency exchange rates and determining the SDR rupee conversion basis.
The Reserve Bank of India published an updated reference rate for the US dollar with corresponding cross currency middle rates for euro, pound sterling and Japanese yen; it also states that the SDR rupee rate will be based on that published reference rate, establishing the conversion mechanism for SDRs into rupees.

Microcredit inclusion: collateral-free small business loans under PMMY expand formal banking access for informal entrepreneurs.
Pradhan Mantri Mudra Yojana provides collateral-free bank finance to informal and aspiring micro entrepreneurs via loan categories (Shishu, Kishore, Tarun), supported by a refinance subsidiary and nationwide Mega Credit Campaigns led by public sector banks to expand outreach, prioritise very small loans, link trainees to finance channels, and integrate underfunded units into the formal banking system.

Reference rate for US dollar sets basis for cross currency exchange rates and determines the SDR rupee calculation.
The release publishes the daily reference rate for the US dollar and, using that benchmark and cross currency middle rates, supplies derived Rupee exchange rates for the euro, pound sterling and Japanese yen; it also states that the SDR Rupee rate will be based on the published reference rate.

Reference rate for US dollar updated; derived euro, pound and yen exchange rates and SDR rupee linkage announced.
The Reference Rate for the US dollar on September 23, 2015 is published with a comparison to the previous day; exchange rates for EUR, GBP and JPY against the rupee are given based on that reference rate and middle cross currency quotes, and the SDR Rupee rate is stated to be based on the reference rate.

RBI to issue Rs. 500 and Rs. 1000 banknotes with new tactile features for visually impaired.
The Reserve Bank of India will issue new Rs. 500 and Rs. 1000 banknotes with three features: ascending size numerals in both number panels (first three alphanumeric characters unchanged); angular bleed lines on the obverse edges (5 lines in 2-1-2 for Rs. 500; 6 lines in 1-2-2-1 for Rs. 1000) to aid visually impaired persons; and an enlarged identification mark (circle for Rs. 500; diamond for Rs. 1000). Notes will bear the Governor's signature, display the year of printing on the reverse, and previously issued notes remain legal tender.

Reference rate for the US dollar set daily; derived euro, pound and yen rupee rates follow from cross-currency quotes.
The Reserve Bank of India published a daily reference rate for the US dollar and compared it with the prior day's rate; it then provided derived rupee exchange rates for the euro, pound sterling and Japanese yen based on cross-currency middle rates, and stated that the SDR rupee rate will be based on the published reference rate.

Financial inclusion via business correspondents expands access to banking services and transactions in unbanked areas under PMJDY.
Pradhan Mantri Jan Dhan Yojana deploys Business Correspondent Agents/Bank Mitras to deliver account opening, cash deposit and withdrawal, fund transfers, and insurance and pension services in locations where branches or ATMs are not viable; services operate in real time using telecom connectivity, biometric authentication and RuPay ATM/Debit card PINs, and BCA/BM deployment, availability and transactions are reviewed weekly by Department of Financial Services via video-conference with bank management.

Reference rate for US dollar updated, altering rupee cross-currency rates for euro, pound and yen and SDR basis.
Announcement updating the Reserve Bank of India's Reference Rate for the US dollar with comparative prior-day figures and providing rupee exchange quotations for the euro, pound sterling and Japanese yen based on the US dollar reference and middle cross-currency rates; it also states that the SDR Rupee rate will be based on the reference rate.

Economic reform agenda drives infrastructure investment and measures to attract bilateral and institutional capital.
The finance minister emphasised a multi-sector economic reform agenda-including prompt rollout of the Goods and Services Tax, banking sector restructuring, transparent resource allocation by open auction, and measures to increase cashless transactions and foreign investment-while directing savings from lower petroleum prices towards additional infrastructure investment and revival of stalled projects to boost growth.

Reference rate for US dollar set; cross-currency rupee conversions updated and SDR rupee linked to that rate.
The Reserve Bank of India published the Reference Rate for the US dollar and, using middle rates of cross-currency quotes, supplied implied rupee exchange rates for the euro, pound sterling and Japanese yen for the stated dates. The release further states that the SDR Rupee rate will be based on the published reference rate, providing a daily benchmark for rupee conversions and related valuation or reporting purposes.

Industrial production growth leads economic improvement as manufacturing and external balance strengthen, supporting currency stability.
IIP growth at 4.2 per cent for July 2015 is the second successive month above four per cent, led by manufacturing which rose 4.7 per cent and 4.0 per cent year to date versus 2.8 per cent previously; capital goods and consumer durables showed notable gains. BoP for Q1 2015 16 shows a narrower current account deficit at 1.2 per cent of GDP versus 1.6 per cent a year earlier, supporting relative currency stability and reflecting steady macroeconomic improvement.

Reference rate publication establishes the benchmark for rupee exchange rates and determines SDR conversion methodology.
The central bank publishes a daily reference rate for the US dollar that serves as the benchmark for calculating other rupee exchange rates; euro, pound sterling and yen rates are derived from that US dollar reference rate using middle rates of cross currency quotes, and the SDR Rupee rate is based on the same reference rate methodology.