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.

Government receipts and expenditure composition shows elevated tax revenue, substantial state devolution, and significant interest payments.
Consolidated provisional accounts for 2021-22 show receipts dominated by net tax revenue, supplemented by non tax revenue and non debt capital receipts (loan recoveries and miscellaneous capital receipts), and an increased transfer to states via devolution of tax shares. Total expenditure is split into revenue and capital accounts, with revenue spending forming the majority and interest payments a significant component of revenue expenditure.

Government receipts and expenditure for April show tax-dominated receipts and increased devolution to states, with revenue outlays exceeding capital.
The consolidated April 2022 accounts report total receipts led by Tax Revenue, alongside Non Tax Revenue and Non Debt Capital Receipts, and note an increased devolution of tax shares to State Governments. Total Expenditure is presented by account, with Revenue Expenditure exceeding Capital Expenditure; Interest Payments and Major Subsidies are the primary components of Revenue Expenditure.

Foreign Investment Facilitation Portal centralises FDI approvals, coordinating ministries and security clearances to expedite processing.
Abolition of the pre-approval board vested approval authority for foreign investment in administrative ministries with the Department for Promotion of Industry and Internal Trade as nodal department; filings are required exclusively on the Foreign Investment Facilitation Portal, which forwards proposals to the administrative ministry and simultaneously to external affairs, central banking and home affairs for comments or security clearance where required, and a Standard Operating Procedure prescribes documents and processing steps.

Government securities auction: re-issue procedures set with price/multiple price methods, non-competitive allocation and e-bidding windows specified.
Re-issue auctions for four central government securities will be conducted using uniform price auctions for three securities and a multiple price method for one, with the Government able to retain additional subscriptions. Up to five percent of each notified amount is reserved for eligible participants under the Non-Competitive Bidding Facility. Bids must be submitted electronically on the RBI E-Kuber system within specified windows; auction results and settlement dates will be announced, and the securities are eligible for When Issued trading under RBI guidelines.

Auction of government securities: primary issuance with competitive and non competitive bidding, allocation reserve and trading eligibility.
Primary auctions for four government securities will be conducted using price based and yield based methods (uniform and multiple price), with the Government having an option to retain additional subscriptions. Up to five percent of each notified amount is reserved for eligible individuals and institutions under the Non Competitive Bidding Facility. Competitive and non competitive bids must be submitted electronically on the central bank's core banking system within prescribed windows on the auction date; auction results and payment dates will be announced by the central bank. Securities are eligible for When Issued trading under the central bank's guidelines.

Insolvency reform: creditor in control model and time bound resolution to preserve value and enable cramdown mechanisms.
The address sets out five operative pillars for an effective insolvency regime-prefer going concern over liquidation; mandate collective creditor resolution planning; enforce time bound processes; permit clawback of suspect transactions; and enable majority protection through cramdown-while advocating differentiation among creditor classes by security quality, endorsing the creditor in control model introduced by the IBC, and urging reforms to reduce delays, expand pre packaged processes, permit group resolutions, and deepen credit risk markets.

Auction of government securities using uniform and multiple price methods enables competitive and non competitive bids with E Kuber submission.
The Government of India announced re issues of four government securities to be sold by auction, with three using the uniform price method and one using the multiple price method; the government may accept additional subscriptions against each security. Up to five percent of each issue will be allotted under the Scheme for Non Competitive Bidding Facility. Competitive and non competitive bids must be submitted electronically on the RBI E Kuber system within prescribed time windows on the auction date. Auction results and the settlement date are announced, and the securities are eligible for "When Issued" trading under RBI guidelines.

Government securities auction: re issue conducted by RBI with uniform/multiple price methods, non competitive allotment and E Kuber bidding.
The Government announced re issue auctions of four government securities to be conducted by the Reserve Bank of India: three via the uniform price method and one via the multiple price method, with an option to retain additional subscription against each security and up to five percent of each notified amount allotted under the Scheme for Non Competitive Bidding. Bids must be submitted electronically on the RBI E Kuber system within prescribed non competitive and competitive windows; results and payment follow the auction. The securities are eligible for "When Issued" trading under the RBI's applicable guidelines.

Government security auction open to competitive and non competitive bids via e Kuber, with allocation and when issued trading rules.
The Government of India announced re-issues of four Government securities to be sold by auction using uniform price and multiple price methods, with the Government retaining the option to accept additional subscriptions. A portion of each notified amount is reserved for eligible applicants under the Scheme for Non-Competitive Bidding Facility. Both competitive and non-competitive bids must be submitted electronically on the Reserve Bank of India's E Kuber system within prescribed windows. Auction results and payment/settlement will follow the announced timetable. The securities are eligible for When Issued trading under RBI guidelines.

Competition approval for minority investment in pharmaceutical company permits acquisition following notification under Section 5(a) of Competition Act.
CCI approved the acquisition of a minority equity stake in BDR Pharmaceuticals by Multiples Private Equity Fund III and several financial investors, a notified combination under Section 5(a) of the Competition Act, 2002. The parties comprise an Alternative Investment Fund, NBFCs, corporate and individual investors. BDR operates in oncology, critical care, gynecology and neurology and provides manufacture and sale of APIs, formulations, and contract development and manufacturing services. A detailed CCI order will follow.

Longevity finance hub to develop coordinated financial products and skills for ageing populations at a global IFSC platform.
Recommendation to establish a Global Longevity Hub (GLH) at GIFT IFSC to develop a Longevity Finance ecosystem coordinating banks, pension funds, asset managers, insurers, fintechs and health techs to offer wealth management, insurance, pension products, support silver entrepreneurship and medical tourism, while prioritising capacity building and aligning with Sustainable Finance to position GIFT IFSC as a global platform for longevity financial services.

Government securities auction allocates multiple tenors via uniform and multiple price methods; non-competitive bids accepted.
Announcement of auctions for multiple Central Government securities detailing that instruments will be issued through a combination of price-based and yield-based auctions using uniform and multiple price methods; the government may retain additional subscriptions; up to five percent of each issue is reserved for eligible participants under the non-competitive bidding scheme; competitive and non-competitive bids must be submitted electronically via RBI's E Kuber within prescribed windows; auction results, payment schedules, and eligibility for when-issued trading per RBI guidelines are specified.

Access to credit expanded through PMMY, widening microenterprise lending and targeted inclusion for underserved entrepreneurs.
Pradhan Mantri Mudra Yojana provides institutional credit to non-corporate, non-farm micro and small enterprises through Member Lending Institutions in three categories-Shishu (up to Rs. 50,000), Kishore (above Rs. 50,000 up to Rs. 5 lakh) and Tarun (above Rs. 5 lakh up to Rs. 10 lakh)-with priority on Shishu. Loans finance term and working capital for manufacturing, trading, services and allied agricultural activities; interest rates are set by lending institutions under central bank guidance. The Scheme targets women, new entrepreneurs and disadvantaged groups and includes an interest subvention for prompt repayment of Shishu loans.

Issuance calendar for government dated securities announces weekly tenor allocations, retail non competitive reservation, and modification flexibility.
Indicative issuance calendar for government dated securities for April-September 2022 sets weekly auction schedules with specified tenor-wise allocations, recurring issuance of floating rate bonds, and an aggregate calendared amount. Auctions include a non-competitive bidding facility reserving five percent for specified retail investors. The Government and the Reserve Bank retain flexibility to modify amounts, periods, maturities and instrument types after notice, may exercise a greenshoe option to retain additional subscription up to the notified limit, and will conduct monthly switch auctions subject to the General Notification.