Central receipts and expenditure composition showing tax, non tax, capital receipts and major revenue outlays.
Monthly consolidated accounts report for 2020-21 up to November summarises central receipts by Tax Revenue, Non Tax Revenue and Non Debt Capital Receipts (loan recoveries and disinvestment), notes the share of budgeted receipts realised, records transfer to states as Devolution of Share of Taxes, and distinguishes total central outlays into Revenue and Capital Expenditure while highlighting Interest Payments and Major Subsidies as principal revenue cost items.

Risk participation agreements enable Banking Units to transfer assets across jurisdictions, promoting foreign currency participation through IFSC.
IFSCA authorises Banking Units to transfer assets via internationally recognised standard risk participation agreements, permitting transfers to and from other financial institutions and persons resident in India or abroad, and endorses market documentation such as the Master Risk Participation Agreement (MRPA) so as to enable bilateral risk participation arrangements within the IFSC framework.

Electoral Bond issuance enables purchase and encashment through authorised bank branches subject to party eligibility and bond validity.
The Electoral Bond Scheme 2018 permits purchase of Electoral Bonds by Indian citizens or entities established in India, with individuals able to buy singly or jointly; only political parties registered under the Representation of the People Act and meeting the Scheme's vote-threshold may receive and encash bonds. Bonds must be encashed through an authorised bank account; deposits by eligible parties are credited the same day, and deposits made after the bond's limited validity period are not payable. The State Bank of India was authorised to issue and encash bonds through designated authorised branches during the stated sale window.

Government securities auction via price-based multiple price method with competitive and non-competitive bidding and reserved allocation.
Sale (re-issue) of specified central government securities will be conducted by the Reserve Bank of India using the multiple price method, with notified amounts per security and an option for additional retention by the Government. Up to five percent of each notified amount is reserved for eligible individuals and institutions under the Scheme for Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the E-Kuber system within prescribed time windows, with auction results and payment dates published by the Reserve Bank. The securities are eligible for "When Issued" trading subject to existing RBI guidelines.

Sovereign Gold Bond online subscription discount reduces issue price for investors using digital payment during the subscription period.
Sovereign Gold Bonds 2020-21 (Series IX) are open for subscription for a defined window with settlement on January 05, 2021. The issue price is published for the subscription period, and a per gram discount is available to investors who apply online and pay via digital mode, making a reduced issue price applicable to such eligible applicants.

Government securities auction: re-issue conducted by multiple-price sale with non-competitive allocation and E-Kuber bidding.
The Government announced re-issue auctions of four dated government securities through a price-based, multiple-price auction conducted by the Reserve Bank of India, with notified nominal amounts and an option to retain additional subscription for each issue. Up to five percent of each notified amount is reserved under the Non-Competitive Bidding Facility for eligible individuals and institutions. Competitive and non-competitive bids must be submitted electronically on the RBI E-Kuber system within specified time windows; results will be announced on the auction date and successful bidders will make payment on the scheduled settlement date. The securities are eligible for "When Issued" trading under RBI guidelines.

Financial education to empower citizens: institutional Centres and community models to expand literacy and protect digital users.
The National Strategy for Financial Education (2020-2025) makes Financial Education a national priority to create a financially aware and empowered population by strengthening awareness across banking, insurance, pensions and investments. It establishes institutional mechanisms including a National Centre for Financial Education and a scalable Centre for Financial Literacy community model, prescribes targeted digital and localised delivery, and adopts a 5 Cs approach-Content, Capacity, Community, Communication and Collaboration-while emphasising customer protection, cyber security, and evidence based evaluation.

Financial stability oversight: coordinated regulatory vigilance and measures to support faster economic recovery and manage LIBOR transition.
The Council reviewed macroeconomic developments and financial stability risks, noted that policy measures by government and regulators have supported faster recovery, and considered further coordinated measures to ensure consistent financial-sector support for real economic growth while maintaining stability. It emphasised continuous vigilance on medium- and long-term vulnerabilities, discussed a multipronged strategy for LIBOR contract transition, and took note of FSDC Sub-Committee activities and member actions on prior decisions.

Auction of Government Securities: re-issue auctions use multiple-price method with non-competitive allocation and E Kuber bidding windows.
Re-issue auctions of four central government securities will be conducted by the Reserve Bank of India using the multiple price method, with the Government retaining an option to accept additional subscriptions against each security. Up to five percent of each notified amount is reserved for eligible individuals and institutions under the Scheme for Non-Competitive Bidding. Competitive and non-competitive bids must be submitted electronically on the RBI Core Banking Solution (E Kuber) within prescribed bidding windows. Auction results will be announced on the auction date and settlement will follow on the stated payment date; the securities are eligible for when-issued trading under RBI guidelines.

Dividend declaration by NBFCs: Draft circular invites stakeholder comments on proposed regulatory guidance and procedures.
The draft circular proposes regulatory guidance on declaration of dividend by NBFCs and invites comments from NBFCs, industry participants and other stakeholders through a specified submission process to the Department of Regulation (NBFCs), enabling consultation on harmonising dividend distribution practices with prudential and governance objectives.

Government securities auction re-issue announced with price-based multiple-price bidding and a non-competitive allocation facility.
Announcement of re-issue auctions for four Government securities using price-based auctions conducted by the Reserve Bank of India under the multiple price method, with the Government able to retain additional subscription. Up to 5% of each notified amount is reserved for eligible participants under the Non-Competitive Bidding Facility; bids must be submitted electronically on the E-Kuber system within prescribed windows; auction result and payment timelines are specified; securities will be eligible for when-issued trading per RBI guidelines.

Monetary policy: repo rate unchanged at 4.0% and accommodative stance continued to support growth amid inflation risks.
The MPC maintained the policy repo rate at 4.0 per cent, kept related LAF rates unchanged, and resolved to continue the accommodative stance at least through the current and next financial year to revive durable growth and mitigate COVID 19 impacts while ensuring CPI inflation remains consistent with the medium term 4 per cent target within a +/- 2 per cent band; the decision was unanimous and predicated on rising food and core inflation, large systemic liquidity, uneven recovery indicators, and supply side constraints.

Foreign investment inflows rise, with stronger equity FPI and FDI momentum supporting bond market recovery.
Recent months show a resurgence in Foreign Portfolio Investment, led by record equity inflows and sustained positive net equity flows. Foreign Direct Investment equity inflows increased year on year up to September 2020, supported by policy reforms and investment facilitation. Corporate bond issuance rose in H1 FY2021, spreads to government securities narrowed, and yields moderated following monetary easing and liquidity measures, reflecting improved investor risk perception.

Government securities auction re-issue: price-based auctions with multiple price method and non-competitive bidding facility allowed.
Re-issue auctions for multiple Government of India securities will be conducted by the Reserve Bank of India using the multiple price method, with notified nominal amounts and an option for the Government to retain additional subscription. Up to five percent of each notified amount is allotted under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the RBI E-Kuber system within prescribed intra-day time windows. Results, payment schedule, and eligibility for "When Issued" trading follow RBI guidelines.

Government receipts composition shows tax-dominated inflows with lower transfers to states and higher revenue spending.
Central receipts through October 2020 are largely constituted by net tax revenue, with additional non tax revenue and non debt capital receipts (loan recoveries and disinvestment). Transfers to states by way of tax devolution were lower than the previous year. Total expenditure is concentrated on revenue account with a smaller capital component, and the principal revenue expenditures are interest payments and major subsidies.

Principle-based market liberalisation eases access and hedging while strengthening user protection and market resilience.
Reforms replace prescriptive requirements with principle-based regulation for interest rate and foreign exchange derivatives, relax residency distinctions, allow hedging of anticipated exposures and greater access for small hedgers, and enact legal recognition of bilateral netting. Complementary measures promote onshore-offshore integration by permitting banks in offshore rupee derivative markets, extending foreign exchange trading hours and enabling GIFT City rupee derivative activity. Safeguards include a User Classification Framework limiting complex products for retail users, mandated fee disclosures, an anonymous FX retail trading platform, a market abuse regulatory framework, LEI mandates, and benchmark governance reforms for the LIBOR transition.

Bank amalgamation safeguards depositor access by transferring a troubled bank to a stronger licensed bank under a regulatory scheme.
Approval of a Scheme of Amalgamation transfers Lakshmi Vilas Bank to DBS Bank India, following a moratorium, board supersession and appointment of an Administrator; the scheme was prepared after public consultation to minimise withdrawal restrictions and relies on DBIL's licensed status, capital support and parentage to maintain a healthy combined balance-sheet and protect depositors while preserving financial stability.

Bilateral trade cooperation expanded: agreement to establish an Integrated Check Post and enhance sectoral collaboration to boost trade.
Both countries committed to strengthen bilateral economic cooperation by enhancing sectoral collaboration, trade promotion, capacity building and border infrastructure, and to respond to COVID 19 challenges in the health and pharmaceutical sectors. They finalised a Project Agreement for establishment of an Integrated Check Post at Tamu under Indian grant in aid, agreed to pursue early establishment of border haats for local benefit, and to deepen cooperation between oil and gas enterprises on petroleum products and refining.

Government securities auction: multiple central government stocks to be issued/re issued via price and yield based auctions with non competitive facility.
Announcement of auctions for multiple central government securities including re issues and a new issue, specifying auction methods (price based and yield based), the Government's option to retain additional subscriptions, and that the Reserve Bank of India will conduct the auctions using the multiple price method. Bidders must submit electronic bids via the E Kuber system within prescribed time windows for non competitive and competitive bids; a portion of each notified amount is reserved under the Non Competitive Bidding Facility. Successful bidders must pay on the stipulated settlement date and the stocks are eligible for When Issued trading per RBI guidelines.

Government securities auction reissues proceed via price-based multiple-price method with electronic competitive and non-competitive bidding.
The Government announced re-issues of four government securities to be sold via price-based auction using the multiple price method, with an option to accept additional subscriptions. Bids must be submitted electronically on the Reserve Bank's Core Banking Solution (E-Kuber). Up to 5% of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Competitive and non-competitive bids have distinct electronic submission windows. Auction results and payment follow on scheduled dates, and the stocks are eligible for When Issued trading per central bank guidelines.