Government securities auction: re-issue of three dated securities sold by uniform and multiple price methods with non-competitive quota.
Announcement of re-issues of three government securities to be sold by price-based auction: two via the uniform price method and one via the multiple price method, with an option to retain additional subscriptions. Up to a capped portion of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Bids-competitive and non-competitive-must be submitted electronically on the E-Kuber system within designated time windows. Auction results and payment dates are scheduled, and the securities are eligible for When Issued trading under central bank guidelines.

Monetary policy tightening adopted to anchor inflation expectations while supporting growth through calibrated withdrawal of accommodation.
The Monetary Policy Committee increased the policy repo rate and adjusted related standing facility rates, deciding to continue withdrawal of accommodation to anchor CPI inflation around the medium term target of 4 per cent within the tolerance band while supporting growth. The decision reflects elevated core inflation, upside commodity and weather risks, resilient domestic demand, surplus liquidity and split voting among members.

Market-determined exchange rate: RBI intervenes only to maintain orderly markets, not to target any level.
India recorded its highest-ever annual foreign inward remittances in 2021-22 (US$89,127 million) with country-share data for 2020-21 from the RBI remittance survey listing major source countries. The Indian rupee is described as market-determined, and the Reserve Bank of India intervenes only to contain excessive volatility and maintain orderly market conditions, not to achieve any pre-determined exchange rate level or band.

Blockchain Technology recognized for innovation and eligible for regulatory sandbox testing, including cross-border payments trials.
Blockchain Technology is recognized among innovative technologies and is eligible for testing within a regulated Regulatory Sandbox, allowing innovators to apply for controlled trials. The sandbox has not designated specific use-cases for banks, but under its Cross Border Payments theme participating entities have tested blockchain-based applications, reflecting an experimental regulatory approach to cross-border payment innovations.

Government securities auction: price-based issuance with uniform and multiple price methods and reserved non-competitive allotment.
The Government announced re-issues of specified dated government securities via auction: three to be sold under the uniform price method and one under the multiple price method, with retention option for additional subscriptions. Auctions will be conducted electronically with prescribed time windows for competitive and non-competitive bidding facility submissions, an allotment percentage reserved for eligible individuals and institutions, and securities eligible for When Issued trading under central bank guidelines.

Collateral-free credit under PMMY expands eligibility and inclusion, boosting women entrepreneurship and rural livelihoods through expanded activities
Pradhan Mantri Mudra Yojana provides collateral-free institutional credit through Member Lending Institutions up to a prescribed upper ceiling across three products-Shishu, Kishore and Tarun-for individuals with business plans in manufacturing, trading, services and agriculture allied activities. The scheme's scope has been expanded to include various agriculture linked livelihoods, tractors and power tillers (within the ceiling), and two wheelers for commercial use. Implementation issues such as turnaround time, loan rejections and lender insistence on collateral are addressed through coordination with banks.

Central Bank Digital Currency pilot enables bank-distributed retail legal-tender wallets with cash-like settlement finality and convertibility to bank deposits.
The retail pilot introduces Central Bank Digital Currency (CBDC) as a digital token that represents legal tender, issued in the same denominations as cash, non-interest bearing and convertible into bank deposits. It offers cash-like trust, safety and settlement finality, is distributed through participating banks and held in dedicated CBDC wallets on user devices, with the CBDC structured as a central bank liability distinct from ordinary payments-system wallets.

Government receipts and expenditure review highlights composition of central receipts, tax devolution to states and major revenue outlays.
Monthly consolidation reports central receipts as tax revenue, non tax revenue and non debt capital receipts (loan recoveries and miscellaneous capital receipts), notes transfers to states as devolution of tax share, and records total expenditure split into revenue and capital accounts with major revenue components identified as interest payments and major subsidies.

Government securities auction: re-issue offered via uniform and multiple price methods with non-competitive allotment and electronic bidding.
Re-issue auctions for four central government securities will be conducted by the Reserve Bank of India, Mumbai Office on the announced date using price-based auctions (uniform price for three issues and multiple price for one). The Government may retain additional subscriptions up to a stated cap for each security. Up to five percent of each notified amount is reserved for eligible applicants under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically via E-Kuber within prescribed time windows; results will be announced on the auction date and payment by successful bidders is due on the specified settlement date. Securities are eligible for When Issued trading under RBI guidelines.

Government securities auction: dated bonds offered by uniform-price yield auction with non-competitive bidding and when-issued trading.
Yield based auctions using the uniform price method will be conducted electronically through the RBI's E Kuber system on the announced auction date; competitive and non competitive bids must be submitted within prescribed windows, up to five percent of the notified amount will be allotted under the Non Competitive Bidding Facility, the government may retain additional subscription against each security, payment by successful bidders will occur on the stated settlement date, and the securities will be eligible for When Issued trading under RBI guidelines.

Prior approval for major shareholding: acquisitions subject to fit and proper checks, limits, lock in, and voting caps.
Acquisitions that create major shareholders require prior approval from the Reserve Bank, with applicants filing Form A and undergoing a fit and proper due diligence; the Reserve Bank may impose conditions and validity periods, require fresh approval if aggregate holdings fall below or rise above thresholds, prohibit new major investments from certain non compliant jurisdictions while allowing existing holdings subject to review, and apply quantitative shareholding ceilings, lock in and voting caps with reporting obligations for material changes.

Government securities auction: re-issue using uniform and multiple price methods with non-competitive allotment facility, and specified trading and payment timelines.
Auctions announced for re-issue of 7.38% GS 2027, 7.26% GS 2032 and 7.36% GS 2052, with the first two offered via price-based auction using the uniform price method and the third via multiple price method; the Government may retain additional subscriptions up to a specified limit. Up to five percent of each notified amount is allotted under the Non-Competitive Bidding Facility. Bids must be submitted electronically on the RBI E-Kuber system within stated time windows; auction results, payment date, and When Issued trading eligibility are specified.

Government securities auction using uniform and multiple price methods, with non-competitive allocation and when-issued trading eligibility.
Issuance and re-issuance of four Central Government securities will be conducted by auction using uniform price and multiple price methods, with the Government having an option to retain additional subscriptions against each security. Up to five percent of each notified amount is reserved for eligible individuals and institutions under the non-competitive bidding scheme. Competitive and non-competitive bids are to be submitted electronically via the RBI E-Kuber system within prescribed time windows; results, payment dates and eligibility for when-issued trading follow applicable RBI guidelines.

Structural reforms driving India's economic rise and emphasis on bilateral, rules-based trade and strategic manufacturing priorities.
Structural reforms over the past eight years-including tax reform, insolvency resolution, privatization, digitization, decriminalisation and simplified compliance-are presented as the core mechanisms strengthening banks, improving tax compliance and attracting private investment. Policy instruments focus on infrastructure, semiconductors and domestic manufacturing supported by Production Linked Incentive schemes and private-sector consultation, while trade strategy prioritises bilateral, rules-based free trade agreements with like-minded partners.

Sovereign Green Bonds issuance calendar announced; auctions via uniform price method with retail quota and market/trading eligibility.
Issuance of Sovereign Green Bonds for FY 2022 23 is scheduled in two auctions allocating five year and ten year tranches. Issuance will follow a Uniform Price Auction, include a reserved non competitive retail quota, be eligible for Repurchase Transactions under RBI directions, qualify as Statutory Liquidity Ratio eligible investments, permit when issued and secondary market trading, and allow non resident investment via the Fully Accessible Route; the calendar is indicative and subject to change.

Government securities auction: re issue via uniform and multiple price methods with non competitive bidding access.
Re issue auctions for three central government securities will be conducted by electronic price based auction: two securities by the uniform price method and one by the multiple price method; the government may retain additional subscription for each security. 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 time windows for non competitive and competitive bids. Auction results, payment schedule, and eligibility for When Issued trading follow RBI guidelines.