National e commerce policy framework to guide regulatory, taxation and data localisation recommendations for digital economy.
A multi stakeholder think tank will develop a Framework for National Policy on E commerce by producing evidence based recommendations across interrelated areas: infrastructure, regulatory design, taxation, data flows and server localisation, intellectual property, FDI and technology transfer, organisational disruption, skill development, and trade positions, while also identifying policy measures to promote entrepreneurship, nurture domestic firms and generate jobs in the digital economy.

Reference rate for US Dollar updated, with cross currency Rupee rates and SDR Rupee basis provided for market reference.
Reserve Bank of India published the reference rate for the US Dollar and, using that rate with middle cross currency quotes, provided exchange rates of the Euro, Pound Sterling and Japanese Yen against the Rupee; it also stated that the SDR Rupee rate will be based on the reference rate.

Capital management efficiency urged to enable timely shareholding review and improved lending terms for middle income countries.
India urged improved capital management at the World Bank Group, requesting a prompt review of IBRD transfers to IDA and efficient deployment of the buffer. The Secretary welcomed the capital increase package for IBRD and IFC, supported the shareholding review and a dynamic formula, and urged early preparation for the next capital review to enable increased lending to middle income countries and revision of single borrower limits.

Reference rate for US Dollar published, producing corresponding Rupee exchange rates for euro, pound and yen the following day.
The Reserve Bank published its daily reference rate for the US Dollar, comparing it with the previous day's rate, and used that USD reference together with middle cross currency quotes to derive and publish Rupee exchange rates for the euro, pound sterling and Japanese yen; it also states that the SDR Rupee rate will be based on the reference rate.

Reference rate for US Dollar establishes rupee exchange rates for major currencies and determines the SDR Rupee conversion.
The Reserve Bank published a reference rate for the US Dollar which, together with middle cross currency quotes, yields rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; the SDR Rupee rate will be based on this reference.

Resolution of stressed assets: new framework mandates timely bank-led restructuring or statutory insolvency if credible plan is not secured.
The February 12, 2018 framework requires lenders to report defaults promptly, implement credible resolution plans within a prescribed period after default, and refer unresolved cases to the statutory insolvency process, withdrawing earlier forbearance and process prescriptions while allowing lenders discretion to structure joint or individual workouts supported by independent user pays credit opinions and board approved parameters to prevent evergreening.

Reference rate publication sets the base US dollar rate and determines cross currency and SDR rupee exchange rates.
The Reserve Bank of India publishes a daily Reference Rate for the US dollar that serves as the base for deriving rupee exchange rates for other currencies; euro, pound and yen rates are computed from the dollar Reference Rate using middle cross currency quotes, and the SDR rupee rate is based on this Reference Rate framework.

Currency supply assurance: government and central bank mobilise reserves and restore ATMs to meet surging cash demand.
The Government and the central bank have mobilised currency reserves and operational measures to meet an unusual surge in demand, affirming that notes of all major denominations remain sufficient and will continue to be supplied as needed, while coordinating ATM replenishment and normalisation to ensure cash availability.

Reference exchange rate for US dollar published; cross-currency rupee rates and SDR rupee linkage officially stated.
The Reserve Bank of India published the reference exchange rate for the US dollar for April 17, 2018, comparing it with the previous day's rate and supplying the middle cross-currency quotes from which Rupee rates for the euro, pound sterling and Japanese yen are derived; the release also specifies that the SDR Rupee rate will be based on this reference rate.

Minimum capital requirements for unregulated other financial services set entry thresholds for fund and non fund activities.
Minimum capital requirements apply to Other Financial Services unregulated by any financial sector regulator where FDI is permitted under the Government route: higher minima for fund based activities and lower minima for non-fund based activities. The rule covers entities unregistered with or exempted from sector regulators, activities partly regulated, and situations of doubt about regulatory oversight. Fund based activities include merchant banking, underwriting, portfolio management, stock broking, asset management, venture capital, custodian services, factoring, leasing and finance, housing finance, credit card business, micro credit and rural credit; non-fund based activities include investment advisory, financial consultancy, forex broking, money changing and credit rating agencies.

Auction re-issue of government securities: multiple price electronic auction allowing competitive and non-competitive bids with reserved allocation.
Re issue auctions of several Central Government securities will be conducted electronically by auction using the multiple price method, allowing competitive and Non Competitive Bidding Facility participation with up to five percent reserved for eligible individuals and institutions; specified submission windows, announcement of results, payment date, and eligibility for When Issued trading under existing guidelines are provided.

Reference exchange rate guidance: RBI published a US dollar reference rate and derived rupee rates for major currencies.
The Reserve Bank published a reference rate for the US dollar and, using cross currency middle rates, provided the corresponding rupee exchange rates for the euro, pound sterling and the yen; it also states the SDR Rupee rate will be based on that reference rate.

Reference Rate for US Dollar sets exchange rates for EUR, GBP and JPY against the Rupee and informs SDR Rupee.
Reference Rate for US Dollar published by the Reserve Bank of India records the Rupee price of the US Dollar and, together with middle rates of cross currency quotes, is used to compute the exchange rates of the Euro, Pound Sterling and Japanese Yen against the Rupee; the SDR Rupee rate will be based on that reference rate.

Reference rate determination guides currency conversions and cross currency middle rates, affecting rupee quotations for major currencies.
The Reserve Bank of India publishes a daily reference rate for the US dollar that serves as the benchmark for calculating rupee exchange quotations; using that rate and cross currency middle rates it derives rupee exchange rates for EUR, GBP and JPY. The notice further states that the SDR Rupee rate will be based on the RBI reference rate, aligning SDR conversions with the same benchmark.

Government securities auction: competitive and non-competitive bidding, allotment for retail, scheduled settlement, via electronic platform.
Announcement of a scheduled public auction for issuance and re issue of multiple Government Stocks to be conducted by the Reserve Bank of India using the multiple price method, with some securities offered via yield based auction and others via price based auction. The Government may retain additional subscription within a stated cap. Both competitive and non competitive bids must be submitted electronically on the Reserve Bank's core banking platform within prescribed time windows; a fixed proportion is reserved for eligible non competitive bidders; results and settlement dates are specified and the stocks are eligible for "When Issued" trading.

Reference Rate for US Dollar announced; cross currency exchange rates and SDR Rupee basis updated and published for market reference today.
The monetary authority announces the Reference Rate for the US Dollar, provides the prior business day comparison, and publishes derived exchange rates for the euro, pound sterling and Japanese yen against the rupee based on the Reference Rate and middle rates of cross currency quotations; it further states that the SDR Rupee rate will be based on the published Reference Rate.

Loan recovery framework: banks must adopt board vetted policies and use legal and insolvency routes for stressed assets.
Banks must have board approved loan recovery policies and can pursue civil suits, Debts Recovery Tribunal proceedings, SARFAESI remedies, and insolvency proceedings under the Insolvency and Bankruptcy Code, 2016; the Banking Regulation Act amendment permits directions to initiate insolvency resolution and the central bank has issued a Revised Framework for time bound resolution of high value stressed accounts. Public sector banks reported attachment and auction of properties and recoveries during 2014-15 to 2017-18, and RBI published gross loans and advances by scheduled commercial banks as of 31.12.2017.

Vertical devolution for northeastern states urged to address cost disabilities, infrastructure deficits and disaster resilience.
The state urged the 15th Finance Commission to adopt innovative measures for vertical devolution for North Eastern states, citing Arunachal Pradesh's hilly terrain, limited infrastructure, low private investment and reliance on government funding. Key operational requests included increased capital funding for infrastructure, improved physical and digital connectivity, measures to boost banking outreach and financial inclusion, enhancement and timely release from the disaster response corpus, environmental compensation under CAMPA, and compensatory development for specified districts.

Reference Rate publication sets exchange benchmarks and determines SDR Rupee calculation for major currencies.
The central bank publishes a daily Reference Rate for the US Dollar and derives exchange rates for the euro, pound sterling and yen using cross currency middle rates; the notice states that the SDR Rupee rate will be based on the published reference rate.

Reference rate for US Dollar updated; cross-currency euro, pound and yen rates provided against rupee.
Reserve Bank of India published the reference rate for the US Dollar and the previous day's rate, and, based on that reference and middle cross-currency quotes, provided exchange rates for the Euro, Pound Sterling and Japanese Yen against the Rupee; the SDR Rupee rate is to be based on the stated reference rate.