Monetary Policy Decisions The Monetary Policy Committee (MPC) held its 62nd meeting from August 3 to 5, 2026, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya attended the meeting. 2. After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to keep the policy repo rate
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Constitutional foundations
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Right to property and land reform
This unresolved bargain drove three decades of amendment-versus-court conflict — the First, Fourth and Twenty-fifth Amendments, Kesavananda Bharati — until the 44th Amendment (1978) demoted property to a legal right (Article 300A), with land acquisition still contested under the 2013 LARR Act. Read the debate →
Policy documents 235
Acts, rules, notifications, schemes and budgets in force
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Pusad Urban Co-operative Bank Ltd., Pusad, Dist. Yavatmal, Maharashtra vide Directive No. NGP.DOS.SSM3.No.S611/5-04-166/2025-2026 dated November 06, 2025, for a period of six months up to close of business on May 07, 2026, which was last extended up to the close of business on August 07, 2026 vide Directive No. DOR.MON/D-11/12-22-635/2026-27 dated April 30, 2026. The Rese
Extension of timeline for enrolment with PaRRVA as specified in SEBI Circular No. HO/38/14/(4)2026-MIRSD-POD/I/10557/2026 dated April 29, 2026
Adjudication Order in the matter of Decillion Finance Limited
Settlement Order in the matter of violation of Pro-rata continuing interest by Modulus Alternatives Investment Managers Limited
The Reserve Bank has constantly endeavoured to refine and strengthen its regulatory and supervisory framework with a view, inter alia, to rationalising the requirements and minimising compliance costs through periodic evaluation for their continued relevance. 2. Attention is drawn to Press Release dated April 8, 2026 wherein it was announced that Department of Supervision had undertaken a comprehensive exercise to consolidate the existing universe of supervisory instructions into structured func
Adjudication Order in respect of Bansal Integrated Services Private Limited in the matter of trading in Illiquid Stock Options at BSE
SEBI Order for Compliance - Release Order for Recovery Certificate No. 4707 of 2022 against Ms. Kokilaben Patel in the matter of Shree Surgovind Tradelink Limited.
SEBI Order for Compliance – General Remittance Order for Recovery Certificate No. 8296 of 2024 against Jalaj Agrawalin the matter of Superior Finlease Limited
SEBI Order for Compliance - Completion Order for Recovery Certificate No. 4707 of 2022 against Ms. Kokilaben Patel in the matter of Shree Surgovind Tradelink Limited.
RBI notification: Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 05 Entries:
RBI notification: Consolidation of Supervisory Instructions – Repeal of Circulars
RBI notification: Fake Indian Currency Notes (FICNs)-Detection, Reporting and Monitoring
Final order in the matter of Unregistered Investment Advisor, Mr. Mohit Gupta (Proprietor of Safe Trading)
RBI notification: Reserve Bank of India (Commercial Banks - Compliance Function) Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Concurrent Audit) Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Digital Payment Security Controls) Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Fraud Risk Management) Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks - Internal Audit Function) Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Statutory Audit) Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Supervisory Returns) Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Miscellaneous) Supervisory Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Digital Payment Security Controls) Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks - Compliance Function) Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Fraud Risk Management) Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Concurrent Audit) Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks - Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks - Internal Audit Function) Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Statutory Audit) Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks - Supervisory Returns) Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks - Compliance Function) Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks – Concurrent Audit) Directions, 2026
SEBI Order for compliance - General Remittance Order under Recovery Certificate No. 9145 of 2026 against Dinesh Manwani HUF (PAN-AAHHD9073R) in the matter of Trading in Illiquid Stock Options on BSE
RBI notification: Reserve Bank of India (Small Finance Banks – Miscellaneous) Supervisory Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks - Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks – Statutory Audit) Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks - Compliance Function) Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks – Digital Payment Security Controls) Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks – Concurrent Audit) Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks – Fraud Risk Management) Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks - Internal Audit Function) Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks - Supervisory Returns) Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks – Digital Payment Security Controls) Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks - Statutory Audit) Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks – Miscellaneous) Supervisory Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks – Fraud Risk Management) Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks - Miscellaneous) Supervisory Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks – Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks - Internal Audit Function) Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks - Supervisory Returns) Directions, 2026
RBI notification: Reserve Bank of India (Local Area Banks - Compliance Function) Directions, 2026
RBI notification: Reserve Bank of India (Local Area Banks – Concurrent Audit) Directions, 2026
RBI notification: Reserve Bank of India (Local Area Banks - Supervisory Returns) Directions, 2026
RBI notification: Reserve Bank of India (Local Area Banks – Miscellaneous) Supervisory Directions, 2026
RBI notification: Reserve Bank of India (Rural Co-operative Banks – Fraud Risk Management) Directions, 2026
Government of India has announced the sale (re-issue) of Government Security, as detailed below, through auction to be held on July 31, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under: (₹ crore) Security Notified Amount MUC amount per PD Minimum
The Reserve Bank of India had, on May 19, 2026, issued the following Amendment Directions on Basel Pillar 3 disclosures for seeking feedback of the stakeholders, viz.: Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Seventh Amendment Directions, 2026 Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026 2. Feedback received on the draft Amendment Directions has been examined and consequent m
RBI notification: Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) Eighth Amendment Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Governance) Third Amendment Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Asset Liability Management) Second Amendment Directions, 2026
Final Order in the matter of Kalahridhaan Trendz Ltd.
RBI notification: Reserve Bank of India (Small Finance Banks – Financial Statements: Presentation and Disclosures) Fourth Amendment Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Governance) Third Amendment Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Asset Liability Management) Amendment Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks – Governance) Third Amendment Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Local Area Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks – Interest Rate on Deposits) Amendment Directions, 2026
RBI notification: Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Seventh Amendment Directions, 2026
SEBI Order for Compliance – General Remittance Order for Recovery Certificate No. 7110 of 2023 against Shaina Munaf Rangwala in the matter of Dealing in Illiquid Stock Options at BSE
SEBI Order for Compliance - Release Order for Recovery Certificate No. 5197 of 2022 against Vardhman Infracon Private Limited (PAN: AADCV4431A) in the matter of Excel Castronics Limited.
SEBI Order for Compliance - Completion Order for Recovery Certificate No. 5197 of 2022 against Vardhman Infracon Private Limited (PAN: AADCV4431A) in the matter of Excel Castronics Limited.
SEBI Order for Compliance - Release Order for Recovery Certificate No. 6420 of 2026 against Deepali Dwivedi (PAN: CTGPS9075L) in the matter of D.S. Capital Ventures Private Limited.
Order in the matter of Firstcapital Alternate Investment Trust
SEBI Order for Compliance Notice of Attachment Demat Account and Mutual Fund Folio(S) for Recovery Certificate No.8933 of 2025 against Pinal Rajesh Mehta (Legal Representative of Rajesh Rajnikant Mehta who is deceased) in the matter of Jay Energy & S Energies Limited
SEBI Order for Compliance Notice of Attachment of Bank/Post office Account for Recovery Certificate No.8933 of 2025 against Pinal Rajesh Mehta (Legal Representative of Rajesh Rajnikant Mehta who is deceased) in the matter of Jay Energy & S Energies Limited
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only) on Raigad District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been impo
The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Citizen Co-operative Bank Limited, Bangalore, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read wi
Coöperatieve Rabobank U.A. has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DOR.LIC.No.S2620/23.03.027/2026-27 dated June 24, 2026 which is published in the Gazette of India (Part III - Section 4) dated July 02, 2026. (Brij Raj) Chief General Manager Press Release: 2026-2027/760
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Irinjalakuda Town Co-operative Bank Ltd., Kerala vide Directive No. CO.DOS.SED.No.D-01/12-22-350/2025-2026 dated July 29, 2025 for a period of six months up to close of business on January 30, 2026, which was last extended up to close of business on July 30, 2026 vide Directive No. DOR.MON.No.D-08/12.26.061/2026-27 dated April 21, 2026. The Reserve Bank of India is satisf
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani, Maharashtra vide Directive No. NGP.DOS.SSM 3.No.S403/15-04-395/2025-2026 dated July 29, 2025 for a period of six months up to close of business on January 30, 2026, which was last extended up to the close of business on July 30, 2026 vide Directive No. DOR.MON/D-09/12.22.718/2026-27 dated April 22, 2026. The Rese
Ex Parte Interim Order in the matter of Unregistered Investment Advisory and Unregistered Portfolio Management Services activities by Stark Investments and Ors.
Final order in the matter of front running of the trades of Axis Mutual Fund
Final Order in the matter of front running by Madhav Stock Vision Pvt. Ltd. and Others
Order in the matter of Nalwa Sons Investments Limited
Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auction to be held on July 24, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under: (₹ crore) Security Notified Amount MUC amount per PD
The Reserve Bank of India (RBl) has, by an order dated July 16, 2026, imposed a monetary penalty of ₹11 lakh (Rupees Eleven Lakh only) on Arvind Sahakari Bank Ltd., Katol, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Housing Finance for UCBs’ and ‘Interest Rate on Deposits’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Ba
The Reserve Bank of India (RBl) has, by an order dated July 16, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Rajnandgaon Kendriya Sahakari Bank Maryadit, Rajnandgaon, Chhattisgarh (the bank) for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act,
The Reserve Bank of India (RBl) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Shri Baria Nagarik Sahakari Bank Ltd., Baria, Gujarat (the bank), for non-compliance with certain directions issued by RBI on ‘Inspection & Audit Systems in Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of t
The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The City Co-operative Bank, Hassan, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act. The statutory inspection of the ba
Order in the matter of certain Investment Advisers
Adjudication Order in the matter of Front Running of trades of Axis Mutual Fund by certain clients of Pace Stock Broking Services Private Limited
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal vide Directive No. CO.DOS.SED.No.S2574/12-07-005/2022-23 dated July 21, 2022 for a period of six months up to close of business on January 22, 2023 as modified from time to time, which were last extended up to close of business on July 22, 2026 vide Directive DOR.MON.D-06/12.29.046/2026-27 dated April 16,
In terms of GOI notification F.No. 4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series-V-Issue date January 22, 2019) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on July 22, 2026. 2. Further, the redemption price of SGB shall be based on simple average of closing
Operationalisation of freezing of holdings of promoter and promoter group including their associates (promoter holdings) at the ISIN level under Regulation 24(i)(ea) of the SEBI (Buy-back of Securities) Regulations, 2018 dated July 21, 2026
In terms of GOI notification F.No.4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series-VIII-Issue date January 21, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on July 21, 2026. 2. Further, the redemption price of SGB shall be based on simple average of closi
The Reserve Bank of India (RBI) has, by an order dated July 14, 2026, imposed a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on The United Puri-Nimapara Central Co-operative Bank Limited, Odisha (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 194
The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Manmad Urban Co-operative Bank Ltd., Manmad, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read w
Order Releasing Salary Account of Gauranga Roy in RC3547 of 2021 in the matter of Vasundhara Realcon Ltd.
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Konark Urban Co-operative Bank Ltd., Ulhasnagar vide Directive No. CO.DOS.SED.No.S592/45-11-001/2024-25 dated April 23, 2024 for a period of six months up to close of business on October 23, 2024, which was last extended up to close of business on July 23, 2026 vide Directive No. DOR.MON/D-07/12.22.805/2026-27 dated April 17, 2026. The Reserve Bank of India is satisfied t
Investment Friendliness Index 2026 niti_admin Fri, 07/17/2026 - 13:00 Choose Report Type Publications Publication Date Fri, 07/17/2026 - 13:00 Report Upload download (10.06 MB) vertical Industry & Foreign Investment PDF Text Investment Friendliness Index 2026 Investment Friendliness Index Disclaimer Crisil has received financial assistance under the Research Scheme of NITI Aayog (RSNA) to prepare this report. While due care has been exercised to prepare this report using data from various so
In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-X-Issue date January 19, 2021) and in terms of GOI notification F.No.4(5)-B(W&M)/2021 dated May 12, 2021 (SGB 2021-22 Series-IV-Issue date July 20, 2021) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption of the above
It is hereby notified for the information of the public that in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.S2909/12-22-395/2026-2027 dated July 16, 2026, has issued certain Directions to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd. Nashik (“the bank”), whereby, as from the close of
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 9,000 August 05, 2026 (Wednesday) August 06, 2026(Thursday) 2 182-Day 8,000 3 364-Day 7,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by Government of India,
The Reserve Bank of India (RBI) has, by an order dated July 13, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Satya MicroCapital Limited (the company) for non-compliance with certain directions issued by RBI on ‘Asset Classification’. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The statutory inspection of the company was
The Reserve Bank of India (RBI) has, by an order dated July 13, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three lakh ten thousand only) on PAN Emami Cosmed Limited (formerly known as Midkot Investments Private Limited) (the company) for non-compliance with certain directions issued by RBI on ‘Credit / investment concentration Norms’. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Rese
The Reserve Bank of India (RBI) has, by an order dated July 15, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Dhani Loans and Services Limited (the company) for non-compliance with certain directions issued by RBI on ‘Asset Classification’. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The statutory inspection of the com
The Reserve Bank of India (RBI) has, by an order dated July 13, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Muthoot Vehicle and Asset Finance Limited (the company) for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Avail Financial Services Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Governance’ and ‘Credit/Investment Concentration Norms’. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read with section 58B(5)(aa) of the Reser
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹5.80 lakh (Rupees Five Lakh Eighty Thousand only) on Muthoot Finance Limited (the company) for non-compliance with certain provisions of ‘Reserve Bank of India Know Your Customer (KYC) Directions’. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The statutory inspect
RBI notification: Special Rupee Vostro Accounts (SRVAs)
Adjudication Order in respect of Sonia Chadha in the matter of Illiquid Stock Options at BSE [Corrigendum]
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on July 17, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under: (₹ crore) Security Notified Amount MUC amount per PD Minimu
The Reserve Bank of India had, on May 05, 2026, issued the Draft Directions on Prudential Norms on Specified Non-financial Assets (SNFA) Directions for stakeholder feedback. 2. Feedback received on the draft Directions has been examined and consequent modifications, as deemed appropriate, have been suitably incorporated in the final Directions. A statement on the feedback received on the draft Directions is provided in the Annex. 3. Accordingly, the Reserve Bank has today issued the following am
RBI notification: Reserve Bank of India (Local Area Banks – Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Regional Rural Banks – Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Rural Co-operative Banks – Income Recognition, Asset Classification and Provisioning) Third Amendment Directions, 2026
RBI notification: Reserve Bank of India (Urban Cooperative Banks – Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (All India Financial Institutions – Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Non-Banking Financial Companies Income Recognition, Asset Classification and Provisioning) Third Amendment Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Local Area Banks – Resolution of Stressed Assets) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Regional Rural Banks – Resolution of Stressed Assets) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Rural Co-operative Banks – Resolution of Stressed Assets) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Urban Co-operative Banks – Resolution of Stressed Assets) Third Amendment Directions, 2026
RBI notification: Reserve Bank of India (All India Financial Institutions – Resolution of Stressed Assets) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Non-Banking Financial Companies – Resolution of Stressed Assets) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Resolution of Stressed Assets) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Resolution of Stressed Assets) Third Amendment Directions, 2026
Order in the matter of Radheshyam s/o Rajbanshi Tiwari vs. SEBI (WP No. 558 of 2022) - before the High Court of Bombay (Nagpur Bench)
In terms of GOI notification F.No.4(7)-B(W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series-II-Issue date July 16, 2019) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on July 16, 2026. 2. Further, the redemption price of SGB shall be based on simple average of closing price of
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RBI notification: Designation of 23 individuals under clause (a) of sub-section (1) and sub-section (2) of section 35 of the Unlawful Activities (Prevention) Act, 1967 and listed in the Fourth Schedule of the Act
RBI notification: Reserve Bank of India (Urban Cooperative Banks – Credit Facilities) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (All India Financial Institutions – Credit Facilities) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Second Amendment Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Credit Facilities) Fourth Amendment Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Credit Facilities) Fifth Amendment Directions, 2026
SEBI Order for Compliance - Completion Order for Recovery Certificate No. 8234 of 2024 against Rocket Tips – Prop. Mehul Pravinbhai Jiyani (PAN: AGPPJ1611H) in the matter of Unregistered Investment Advisory Services.
SEBI Order for Compliance - Release Order for Recovery Certificate No .8234 of 2024 against Rocket Tips – Prop. Mehul Pravinbhai Jiyani (PAN: AGPPJ1611H) in the matter of Unregistered Investment Advisory Services.
Adjudication Order in respect of Jitendra Kumar Nahta HUF in the matter of Illiquid Stock Options at BSE
Release Order - Certificate No. RC9075 of 2026 in respect of Ranjeet Singh Baid HUF (PAN: AAPHR3293F) in the matter of Illiquid Stock Options
SEBI Order for Compliance - Completion Order for Recovery Certificate No. 8811 of 2025 against BIR FINANCE PRIVATE LIMITED in the matter of Trading in Illiquid Stock Options at BSE.
SEBI Order for Compliance - Release Order for Recovery Certificate No. 8811 of 2025 against BIR FINANCE PRIVATE LIMITED in the matter of Trading in Illiquid Stock Options at BSE.
As announced in the Statement on Developmental and Regulatory Policies dated April 8, 2026, the Reserve Bank had issued the draft Reserve Bank of India (Governance) Amendment Directions, 2026 on April 8, 2026 for seeking feedback from stakeholders. The draft Amendment Directions inter alia proposed to replace the seven broad themes with principle-based guidance, to enable the Boards to utilize their time effectively, and to facilitate a more focused and qualitative engagement on strategy and ris
RBI notification: Reserve Bank of India (Local Area Banks – Governance) Amendment Directions, 2026
RBI notification: Reserve Bank of India (Payments Banks – Governance) Amendment Directions, 2026
RBI notification: Reserve Bank of India (Small Finance Banks – Governance) Amendment Directions, 2026
RBI notification: Reserve Bank of India (Commercial Banks – Governance) Amendment Directions, 2026
In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-IV-Issue date July 14, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on July 14, 2026. 2. Further, the redemption price of SGB shall be based on simple average of closing price
The Reserve Bank of India (RBI) has, by an order dated July 10, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only) on Surat People’s Co-operative Bank Ltd., Surat (the bank), for non-compliance with certain directions issued by RBI on ‘Board of Directors - UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regula
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹8 lakh (Rupees Eight Lakh only) on The Sambalpur District Co-operative Central Bank Limited, Odisha (the bank) for contravention of the provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on
The Reserve Bank of India (RBI) has, by an order dated July 02, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Nawada Central Co-operative Bank Limited, Bihar (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The st
The Reserve Bank of India (RBl) has, by an order dated July 8, 2026, imposed a monetary penalty of ₹13 lakh (Rupees Thirteen Lakh only) on The Chikhli Urban Co-operative Bank Limited, Chikhli, Maharashtra (the bank) for contravention of the provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Finance for Housing Schemes – UCBs’, and ‘Know Your Customer (KYC)’. T
RBI notification: Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment of 1 Entry
RBI notification: Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026
RBI notification: Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026
Budget with significant income tax relief - no tax up to Rs 12 lakh, new simplified regime with 8 slabs. Rs 11.21 lakh crore for infrastructure, support for MSMEs, and Makhana Board for Bihar. Focus on growth, investment, and consumption.
First full budget of NDA III government with focus on employment and skilling (Rs 2 lakh crore for 5 schemes), new income tax regime slabs, abolition of angel tax, and Rs 11.11 lakh crore capex allocation for infrastructure.
Central Act enacted 2023-12-28. Full text on India Code (indiacode.nic.in).
Scheme for traditional artisans and craftspeople working with their hands and tools, covering 18 trades including carpentry, blacksmithing, and pottery. Provides skill training, toolkit incentives, collateral-free credit up to Rs 3 lakh, and digital payment incentives.
Central Act enacted 2023-08-15. Full text on India Code (indiacode.nic.in).
Decriminalised 183 offences across 42 central Acts to promote ease of living and doing business. Replaced imprisonment with monetary penalties and compounding for minor regulatory non-compliance offences.
Incentive scheme across 14 key sectors including electronics, pharmaceuticals, automobiles, and textiles with total outlay of Rs 1.97 lakh crore. Aims to boost domestic manufacturing, create jobs, and reduce import dependence.
Micro-credit scheme providing affordable working capital loans (Rs 10,000 to Rs 50,000 in three tranches) to street vendors affected by COVID-19. Includes digital payment incentives and cashback rewards.
Central Act enacted 2020-03-17. Full text on India Code (indiacode.nic.in).
Central Act enacted 2019-07-26. Full text on India Code (indiacode.nic.in).
Enables confiscation of assets and properties of economic offenders who flee India to avoid criminal prosecution. Applies to offences involving amounts of Rs 100 crore or more.
Central Act enacted 2017-08-23. Full text on India Code (indiacode.nic.in).
Central Act enacted 2017-08-23. Full text on India Code (indiacode.nic.in).
India's biggest indirect tax reform unifying over a dozen central and state taxes into a single nationwide tax. The 101st Constitutional Amendment and four GST Acts created a unified national market for goods and services.
India's most significant indirect tax reform, replacing 17 central and state taxes with a unified GST. Required constitutional amendment. Implemented through Central GST, State GST, and Integrated GST with a GST Council for cooperative federalism.
Central Act enacted 2017-04-12. Full text on India Code (indiacode.nic.in).
Central Act enacted 2017-04-12. Full text on India Code (indiacode.nic.in).
Central Act enacted 2017-04-12. Full text on India Code (indiacode.nic.in).
Central Act enacted 2017-04-12. Full text on India Code (indiacode.nic.in).
Government demonetised 86% of currency in circulation overnight, invalidating Rs 500 and Rs 1000 notes. Aimed at curbing black money, counterfeiting, and terror financing. Highly debated — accelerated digital payments adoption but caused significant economic disruption.
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
Comprehensive insolvency resolution framework consolidating existing laws. Created NCLT/NCLAT for resolution, IBBI as regulator, and Insolvency Professionals. Set strict 180-day timeline for resolution. Transformed India's credit culture.
Facilitates bank loans between Rs 10 lakh and Rs 1 crore to at least one SC/ST borrower and one woman borrower per bank branch for setting up greenfield enterprises. Promotes entrepreneurship among underrepresented groups.
Crop insurance scheme with lowest-ever premium rates (2% for kharif, 1.5% for rabi) providing comprehensive risk cover for pre-sowing to post-harvest losses. Uses technology including satellite imagery and drones for rapid claim settlement.
Action plan to promote entrepreneurship with tax exemptions for three years, self-certification for compliance, simplified startup registration, and a Rs 10,000 crore Fund of Funds. Recognised over 1 lakh startups.
Central Act enacted 2015-05-26. Full text on India Code (indiacode.nic.in).
Provides micro-finance loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises through three categories: Shishu (up to Rs 50,000), Kishore (up to Rs 5 lakh), and Tarun (up to Rs 10 lakh).
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Flagship initiative to transform India into a global manufacturing hub across 25 sectors. Simplified regulatory environment, dedicated investor facilitation, and robust intellectual property regime to boost domestic and foreign investment.
World's largest financial inclusion programme providing universal access to banking services with zero-balance accounts, RuPay debit cards, and insurance cover. Over 50 crore accounts opened since launch.
Central Act enacted 2013-09-18. Full text on India Code (indiacode.nic.in).
Comprehensive overhaul of corporate governance law replacing the Companies Act 1956. Introduced mandatory CSR spending (2% of net profit), class action suits, one-person companies, and enhanced auditor accountability.
Comprehensive overhaul of corporate law replacing the Companies Act 1956. Introduced mandatory CSR spending (2% of net profits for qualifying companies), class action suits, one-person companies, and enhanced corporate governance norms.
Pioneered electronic transfer of government subsidies and benefits directly to beneficiary bank accounts using Aadhaar authentication. Aimed at reducing leakages, eliminating middlemen, and improving targeting of welfare schemes.
Launched to transfer subsidies directly to beneficiary bank accounts linked to Aadhaar, reducing leakages and middlemen. Initially covered LPG subsidy (PAHAL), scholarships, and MGNREGA wages. Later expanded massively under NDA government.
India's last Five Year Plan targeting 8% GDP growth with emphasis on health, education, and sustainable development. Introduced focus on governance improvements and the shift towards outcome-based monitoring.
Allowed 51% FDI in multi-brand retail and 100% in single-brand retail, subject to conditions including 30% local sourcing. Aimed to attract global retail chains and modernise India's retail infrastructure.
7 April 2026
Waived loans of approximately 3.6 crore small and marginal farmers at a cost of Rs 71,680 crore. One of the largest farm debt waiver programmes in Indian history, covering both direct and indirect agricultural loans.
Central Act enacted 2007-12-12. Full text on India Code (indiacode.nic.in).
Planning Commission blueprint targeting 9% GDP growth with focus on inclusive development, education, health, and rural infrastructure. Emphasised bridging divides between rural-urban and rich-poor populations.
Central Act enacted 2005-12-20. Full text on India Code (indiacode.nic.in).
Established a framework for creation of Special Economic Zones to promote exports, attract FDI, and generate employment. Provided tax holidays and single-window clearance for SEZ developers and units.
Central Act enacted 2005-06-23. Full text on India Code (indiacode.nic.in).
Central Act enacted 2005-06-23. Full text on India Code (indiacode.nic.in).
Legislation to institutionalise fiscal discipline by setting targets for reducing fiscal deficit to 3% of GDP and eliminating revenue deficit. Established a framework for responsible fiscal management by the central government.
Central Act enacted 2003-08-26. Full text on India Code (indiacode.nic.in).
Established legal framework to prevent money laundering and provide for confiscation of property derived from laundered money. Created Financial Intelligence Unit (FIU-IND) and empowered Enforcement Directorate.
Established the Competition Commission of India (CCI) to prevent anti-competitive practices, regulate mergers and acquisitions, and promote competition in Indian markets. Replaced the MRTP Act.
Central Act enacted 2002-06-11. Full text on India Code (indiacode.nic.in).
Central Act enacted 1999-12-29. Full text on India Code (indiacode.nic.in).
Central Act enacted 1997-08-18. Full text on India Code (indiacode.nic.in).
Central Act enacted 1997-05-28. Full text on India Code (indiacode.nic.in).
Central Act enacted 1996-08-16. Full text on India Code (indiacode.nic.in).
Central Act enacted 1993-04-02. Full text on India Code (indiacode.nic.in).
Central Act enacted 1993-04-02. Full text on India Code (indiacode.nic.in).
Central Act enacted 1992-04-04. Full text on India Code (indiacode.nic.in).
Established SEBI as a statutory regulatory body to protect investor interests, regulate the securities market, and promote the development of the stock exchange. Key institution for India's capital market development.
Central Act enacted 1991-09-18. Full text on India Code (indiacode.nic.in).
Finance Minister Manmohan Singh introduced sweeping economic reforms dismantling the License Raj, opening India to foreign investment, reducing import tariffs, and initiating privatisation of state-owned enterprises. This fundamentally transformed India's economy from a closed, state-controlled model to a market-oriented one.
Central Act enacted 1991-01-22. Full text on India Code (indiacode.nic.in).
Accessibility Standards and Guidelines for infrastructure and services in Insurance Sector
In the making 12
Bills, drafts open for comment, Parliament Q&A
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. 2. Feedback received on
In line with the objective to improve efficiency, liquidity and transparency in issuance and subsequent transfer of Securitisation Notes (SNs), RBI has today issued following draft Amendment Directions for public comments: a) Reserve Bank of India (Commercial Banks - Securitisation Transactions) Amendment Directions, 2026 b) Reserve Bank of India (Small Finance Banks - Securitisation Transactions) Amendment Directions, 2026 c) Reserve Bank of India (Non-Banking Financial Companies - Securitisati
Foreign investment into India is presently governed by the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 ('NDI Rules'). The Union Budget 2026-27 announced a comprehensive review of the NDI Rules to create a more contemporary, user-friendly framework for foreign investments, consistent with India's evolving economic priorities. Pursuant thereto, a committee was constituted by the Central Government to undertake a comprehensive review of the extant regulatory framework. Based on t
Reserve Bank of India has today released the draft ‘Guidance on Regulatory Expectations for Data Governance’ for public comments. The draft Guidance is applicable to following regulated entities: Commercial Banks Small Finance Banks Payments Banks Local Area Banks Regional Rural Banks Urban Co-operative Banks Rural Co-operative Banks All India Financial Institutions Non-Banking Financial Companies Asset Reconstruction Companies Credit Information Companies 2. Comments on the draft Gu
Based on a review undertaken in light of representations received from Asset Management Companies (AMCs) and in order to simplify approval process for subsequent acquisitions of major shareholding in a banking company by mutual funds, insurance companies and pension funds, the Reserve Bank of India has released today the following draft Amendment Directions: Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026. Reserve Ban
Analysis & research 69
Reports, briefs and long reads
ICAR has developed India's first indigenous African Swine Fever vaccine, strengthening livestock biosecurity, reducing disease-related losses and supporting sustainable growth of the country's pig farming sector.
The Government has expanded MSME financing through SIDBI's growing credit network and ECLGS 5.0, with US$ 27.31 billion in additional credit support envisaged to strengthen business growth and financial inclusion.
The post Monetary policy: Responding to the times by Ashima Goyal appeared first on Indira Gandhi Institute of Development Research.
Formal retail credit access in India has doubled over the past decade, with 74% of credit-eligible consumers now accessing formal credit, reflecting deeper financial inclusion and stronger consumption-led lending.
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The Government will establish the Centre of Excellence for Handloom Technology at IIT Delhi with an investment of US$ 1.28 million to promote innovation, digital technologies and sustainability across India's handloom sector.
The Electronics Development Fund has backed 128 startups across the ESDM and IT sectors with US$ 139.23 million in investments, with Karnataka emerging as the leading beneficiary under the fund's Daughter Fund model.
The Live Events Development Cell has held four meetings since July 2025, prompting the RBI to scrap bank guarantee requirements on remittances above US$ 5 lakh for service imports, effective October 1, 2026.
India has become the world's second-largest supplier of seafarers, contributing 311,936 maritime professionals and 12.16% of the global maritime workforce.
SBI Research estimates that India's foreign exchange inflows could reach US$ 80-85 billion following the RBI's FCNR(B) measures, supported by strong deposit mobilisation, renewed non-resident deposits and rising foreign currency assets.
Developed by Skyroot Aerospace, Vikram-I is India's first privately developed orbital rocket, launched alongside the inauguration of the company's Infinity Campus in Hyderabad, a facility built to support the complete launch vehicle lifecycle from design to manufacturing.
India concluded its Eighth WTO Trade Policy Review, reaffirming its commitment to a transparent, predictable and rules-based multilateral trading system while highlighting progress in trade facilitation, digital infrastructure and investment reforms.
Prime Minister Tarique Rahman’s Bangladesh Nationalist Party will complete six months in office in August. His country faces multiple crises, with the Gulf War straining Bangladesh’s economy. In a sharp departure from previous practice, Rahman chose China for his first state visit even as anti-India rhetoric continued in Dhaka. It shouldn’t surprise, says Bangladesh’s departing High Commissioner to India, M. Riaz Hamidullah, speaking exclusively to Gateway House’s Nayanima Basu. The post “
The absence of panic in the energy markets despite the renewed U.S.-Iran fighting indicates a well-supplied oil market in the longer term. That means stability for energy short countries like India in the long term. In the short term, however, India will be impacted by other disruptions, such as the increased use of sanctions. The post India should re-examine its energy investment appeared first on Gateway House.
The Government has approved two Electronics Manufacturing Clusters at Manallur and Pillapaikkam in Tamil Nadu, with a combined investment of US$ 105 million, aimed at strengthening the state's electronics supply chain and advancing India's self-reliance in electronics production.
India's PLI Schemes have attracted over US$ 25.55 billion in investments, generated more than 14.15 lakh jobs and enabled cumulative exports exceeding US$ 161.70 billion.
The PMFME Scheme has crossed 2 lakh credit sanctions, strengthening micro food processing enterprises, promoting women-led entrepreneurship and supporting rural economic growth across India.
The Ministry of Tourism has sanctioned 117 tourism infrastructure projects worth US$ 612 million over the last two years to strengthen destinations, improve visitor amenities and boost tourism-led economic growth.
For millions of Indians, heat is experienced not through meteorological bulletins but inside a tin-roofed room that does not cool after sunset, at a work site where stopping work means losing wages, or in fields under a scorching sun. Yet extreme heat remains difficult to locate as a distinct priority in India’s public finances. Published in June 2026, Standing the Heat is a joint report by Greenpeace India, the Centre for Budget and Governance Accountability (CBGA), and the Budget Analysis and
India set out on its outcomes-based finance (OBF) journey in 2015 with the Educate Girls Development Impact Bond. Since then, at least USD 59 million[1] has been mobilised through various OBF initiatives across sectors such as health, education, employment, and livelihoods.[2] OBF is broadly defined as a flexible set of financing mechanisms and organisational strategies that link payments to the achievement of pre-defined and verified outcomes. All OBF mechanisms are defined around three princip
Deloitte projects India's economy to grow by 6.5-6.8% in FY27, supported by stronger domestic demand, monetary easing and expanding trade opportunities, while highlighting infrastructure, innovation and FTAs as key drivers of long-term growth.
JPMorgan is in discussions with more than 100 multinational companies exploring treasury operations at GIFT City, highlighting India's growing prominence as a global financial services hub.
India and Finland have strengthened bilateral economic ties through two industry MoUs, paving the way for greater collaboration in trade, investment, advanced manufacturing and emerging technologies.
India is strengthening rural credit through institutional reforms, digital financial inclusion and targeted credit programmes, expanding access to affordable finance and supporting sustainable rural economic growth.
India’s carbon market conversation is widening beyond energy and industry. Forests, farms, grasslands, wetlands, mangroves and rice fields are increasingly being viewed as spaces where climate action, ecological restoration and rural livelihoods can converge. Carbon credits are expected to help bring private finance into these landscapes. But the global experience of the voluntary carbon market shows that a project can be registered, verified and even generate credits without necessarily deliver
The Purge of Ma Xingrui highlights the political significance of leadership changes within the Chinese Communist Party. The post The Purge of Ma Xingrui and Its Political Implications: Manoj P V appeared first on Centre for Public Policy Research (CPPR).
India Semiconductor Mission 2.0 seeks to strengthen the country’s semiconductor value chain through investments in chip design, fabrication, advanced packaging, research and talent development, while expanding domestic electronics manufacturing capabilities.
The proposed US$ 5.50 billion acquisition of IDBI Bank by Fairfax is expected to advance India's banking sector reforms, strengthen investor confidence and support the Government's strategic disinvestment programme.
The post Making India attractive to foreign capital: Beyond the RBI’s June measures by Rajeswari Sengupta appeared first on Indira Gandhi Institute of Development Research.
Bharat Tex 2026 has brought together over 60,000 participants from 130 countries, showcasing India's growing global leadership in textiles, innovation, sustainability and exports while strengthening international trade and investment partnerships.
Mission Samudra and Kerala's Tourism Potential: Manoj P V explores how Kerala can boost tourism through its maritime economy and coastal heritage. The post Mission Samudra and Kerala’s Tourism Potential: Manoj P V appeared first on Centre for Public Policy Research (CPPR).
With over 70% of India's 7.8 million tonnes of annual textile waste now recycled and Rs. 27,434 crore (US$ 3.10 billion) in MoUs signed under PM MITRA Parks, the sector is positioning itself to generate nearly one lakh green jobs and a Rs. 33,505.50 crore (US$ 3.50 billion) recycling market by 2030.
The World Intangible Investment Report 2026 recognises India as the fastest-growing major economy in intangible investment, with investment reaching US$ 78.20 billion in 2023, highlighting strong growth in innovation, research, software and intellectual property that is strengthening the country's knowledge-driven economy.
The Government has reaffirmed its vision of making India a global hub for AI applications by strengthening the country's innovation ecosystem, digital capabilities and talent base, while leveraging its leadership in Global Capacity Centres.
Gujarat's Data Centre Policy 2026-29 aims to attract investments in hyperscale data centres, AI infrastructure and digital services, strengthening the state's digital ecosystem and positioning it as a leading hub for next-generation technologies, in support of its US$ 3.5 trillion economy vision by 2047.
Prime Minister Mr. Narendra Modi's Australia visit is expected to deepen the Comprehensive Strategic Partnership as both countries expand trade, investment and strategic cooperation, supported by the IndAus ECTA and ongoing CECA negotiations.
Tata Motors has unveiled a five-year growth strategy targeting a US$ 100 billion automotive business, backed by US$ 4.19 billion investment in its domestic passenger vehicle operations and continued focus on electric mobility and advanced manufacturing.
India's auto components industry is projected to grow 8-10% in FY27, driven by strong domestic demand, rising exports, localisation and advanced manufacturing investments.
**Dr. Ishan Atrey The Estate Nobody Talks About When a person dies, the law generally provides a clear framework for transferring the deceased’s assets. Immovable properties, such as houses, will be transferred to the legal heirs; bank accounts can be claimed through a succession certificate or a nomination by the heirs; investments can be passed […] The post When a User Dies, Who Gets the Password? appeared first on Vidhi Centre for Legal Policy.
NO : WP-2026-014 AUTHOR : Ashima Goyal and Anas Khan TITLE : Rainfall Shocks, Market Infrastructure, and Agricultural Price Stability: Evidence from Tomato, Onion, and Potato Markets in India ABSTRACT : Tomato, onion, and potato (TOP) prices are a recurrent source of food inflation in India. In this paper, we […] Read More The post IGIDR Publication:Rainfall Shocks, Market Infrastructure, and Agricultural Price Stability: Evidence from Tomato, Onion, and Potato Markets in India by Ashima Goyal a
Prime Minister Mr. Narendra Modi's Indonesia visit is set to deepen the Comprehensive Strategic Partnership as bilateral trade, investment, connectivity and tourism continue to expand, reinforcing economic cooperation between India and one of its key ASEAN partners.
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The 52nd G7 Summit, held in Evian-les-Bains from June 15-17, reflected both the challenges and continued relevance of the grouping. While the G7’s share of global GDP has declined, it remains influential. India’s participation as an invited guest drew attention as a major representative of the Global South. As BRICS chair this year, India has an opportunity to explain the motivations of both the G7 and BRICS to each other's members. The post G7 Evian summit matters appeared first on Gateway Hous
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Water is not just a resource; it is also the confluence of political and ecological realities. At CPR, this has been central to our interdisciplinary work on river basin management, interstate cooperation, the politics of infrastructure, federalism, and long-term water security. Our continued engagement with questions of India’s water policy spans decades, with stalwarts like Ramaswamy R. Iyer, […] The post From the Archives | World Water Day appeared first on CPR.
India stands at a historic threshold. As the world’s youngest nation with a median age of just under 29 years, it possesses a demographic engine that could power global growth for decades. Yet, as the country approaches the centenary of our independence, it confronts the “2047 Paradox”: a “Great Decoupling” where soaring GDP growth is […] The post How can India Create More Jobs? Unleashing the 1.4 billion: A Blueprint for India’s Job-Led Growth appeared first on CPR
ORF Expert Speak: West Bengal's Manufacturing Paradox: Reading the FY 2026-27 State Budget
After being relatively stable till the 1980s, India witnessed a significant structural shift during the post-reform period. Using annual time series data from 1991 to 2022, structural transformation in India is examined with a focus on gender disparities in employment transitions from the agriculture sector. The findings reveal that India witnessed a workforce movement—from agriculture to industry and services—a symbol of the country’s economic progress. However, the process of change was not eq
The global conversation on urban development, spurred by G20 Summits and the Urban20 (U20) group, underscores the crucial role cities have in this progress. The ‘Financing Cities of Tomorrow’ initiative, led by the G20’s India Presidency, focuses on sustainable finance to foster inclusive, resilient urban areas, aligning with the United Nations (UN) Sustainable Development Goal … Continue reading "Beyond Infrastructure: Can Budget 2024-25 Achieve Inclusive and Sustainable Urban Development
An important comparative point in relation to the Union Budget for 2024-25 is with regard to the evaluation as to how effectively it builds on the interim budget’s preliminary projections on ‘Viksit Bharat’ by 2047. The interim budget, presented in February 2024, was widely perceived to have set the stage for a vision of a ‘Viksit Bharat’ … Continue reading "After Union Budget 2024-25: Evaluating Progress and Addressing Gaps in Integrated WASH Financing" The post After Union Budget 2024-25
In the interim Budget, the union finance minister Nirmala Sitharaman emphasised the multiplier effect of capital expenditure on economic growth and job creation. The budget for 2024-25 allocates spending at 14.5 percent of GDP, with a significant focus on capital expenditure, which constitutes 23.32 per cent of the total budget, equivalent to 3.39 percent of … Continue reading "What does the Interim Budget Say about Government Expenditure Priority?" The post What does the Interim Budget Sa
The Government of India presented the Interim Budget 2024-25 in Parliament on 1 February, 2024. The Interim Union Budget laid a strong foundation by focusing on four major castes of the country and ‘Annadata’ (Farmer) is amongst one of them. Highlighting that the ‘A_nnadata_’s’ welfare is the highest priority of the Centre, The finance minister … Continue reading "Empowering agriculture: Prioritising farmers and addressing sector challenges" The post Empowering agriculture: Prioritising fa
Climate change remains one of the key global concerns of the current century, and the issue is more precarious for India. As a developing economy in the Global South with a significant population with socio-economic vulnerabilities, India confronts heightened exposure to climate change impacts, compounded by the challenge of being the third-highest global greenhouse gas … Continue reading "How much did the Interim Budget push for India’s Climate Action?" The post How much did the Interim B
The Union government’s gross tax revenue has shown consistent growth over the years, with direct taxes outperforming indirect taxes in recent years. But a holistic view, combining both Union and state tax collections, presents a different story. As per the total aggregate tax revenue, direct taxes account for less than 40 percent of India’s overall … Continue reading "Direct vs indirect taxes: What’s adding to centre’s tax revenue and states’ woes?" The post Direct vs indirect taxes: What’
Content Awaited....
Government of India press release: NITI Aayog released a report on “Investment Friendliness Index”
ORF Expert Speak: Growing Old, Growing Poor: The Case for Universal Pensions
The budget is a vital tool for govt in executing various programs. Critically, it informs citizens of how resources are spent — how much and on what? But the process by which the budget is are not
17 Jul 2026
Conducting innovative research on economic growth and development policies to foster inclusive prosperity.
Producing scholarship that helps reshape economic narratives.
All donations made to Bal Raksha Bharat (Save the Children India) are 50% tax-exempt under section 80G of the Income Tax Act 1961. Section 80G of the Income Tax Act allows tax exemptions for various entities, including individuals, Hindu Undivided Families (HUFs), companies, and partnership firms. Its benefits are also available to Non-Residential Indians (NRIs).
The informal sector is central to developing economies but remains constrained by limited financial inclusion. This paper examines the determinants of digitalisation and its effects on financial inclusion among informal enterprises in Bangladesh, Ghana, and India. The findings show that digitalisation significantly improves access to credit, formal banking, and digital savings across all three countries. By expanding access to essential financial services, digitalisation strengthens the sustaina
Announcements 143
Official press releases
Good morning and Namaskar. 2. The West Asia conflict continues to challenge the global economy by disrupting key trade routes and supply chains, amplifying market volatility and depressing business sentiments. Trade uncertainty lingers as US imposed fresh tariffs. The global economic environment has become increasingly unstable. Global growth is projected to soften while inflation forecast is higher for 2026 vis a vis the previous year. Some central banks have tightened policy, while others rema
Government of India press release: Department of Consumer Affairs Invites Applications for Government Approved Test Centres (GATCs) from 17–31 August 2026
The Reserve Bank of India (RBI) has appointed Smt. Monisha Chakraborty as Executive Director (ED) with effect from August 3, 2026. Prior to being promoted as ED, Smt. Monisha Chakraborty was serving as Chief General Manager -in- Charge in Department of Supervision. As a career central banker, Smt. Monisha Chakraborty has experience of over three decades in the Reserve Bank, having worked in the areas of Supervision, Foreign Exchange and Government and Bank Accounts. She was associated with a tec
TRAI revamps TRAI MyCall mobile application to assess voice call quality through consumer feedback nitinkumar Mon, 08/03/2026 - 17:41 File Press Release No. 107 (122.25 KB) Date Mon, 08/03/2026 - 12:00
A summary of the performance under the Citizen’s Charter of the Reserve Bank of India (RBI) during the month of July 2026 is given below – Description No. of Applications A Applications pending at the beginning of the month 2,613 B Applications received during the month 21,937 C Refe
Shri Prasanta Mahapatra takes charge as Executive Director, SEBI
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during July 2026 are set out in Tables 1 to 9. Highlights: Lending Rates: The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.53 per cent in June 2026 (8.51 per cent in May 2026). The WALR on outstanding rupee loans of SCBs declined marginally to 8.96 per cent in June 2026 from 8.97 per cent in May 2026. 1-Year median Marginal Cost
Today, the Reserve Bank of India released 28th edition of its annual publication ‘Handbook of Statistics on the Indian Economy, 2025–26 (HBS)’. Through this publication, the Reserve Bank disseminates detailed time-series data on the Indian economy. The Handbook provides statistical tables on macroeconomic and financial data, including national income, prices, money, banking, markets, public finances, foreign trade, the balance of payments, and select socio-economic indicators.
Extension of timelines with repect to compliance of Digital Accessibility Circulars.
Certificate No. RC9224 of 2026_A.P No- 15634 of 2026 in respect of Rose Securities Limited (PAN: AADCR1312E) in the matter of Illiquid Stock Options
Certificate No. RC9224 of 2026_A.P No- 15633 of 2026 in respect of Rose Securities Limited (PAN: AADCR1312E) in the matter of Illiquid Stock Options
‘Green-Channel: AIF Rollout Upon Document Acknowledgement’ (GARUDA) Mechanism for Processing of Placement Memorandum of Alternative Investment Funds (AIFs) filed with SEBI
Notice of Demand under Recovery Certificate number 9268 of 2026 dated July 29, 2026 issued to Mr. Sarang Wadhawan (PAN:AAAPW2530R) [Defaulter] in the matter of Dewan Housing Finance Corporation Limited.
Notice of Demand dated July 29, 2026 issued under RC No. 9266 of 2026 drawn against Anshu Mishra in the matter of trading based stock recommendations using social media YouTube in the scrip of Sadhna Broadcast Ltd.
Notice of Demand dated July 29, 2026 issued under RC No. 9265 of 2026 drawn against Kavita Shah in the matter of trading based stock recommendations using social media YouTube in the scrip of Sadhna Broadcast Ltd.
The Reserve Bank of India (RBI) has, vide order dated April 24, 2026, cancelled the banking licence issued to Paytm Payments Bank Limited (PPBL) under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective from close of business on April 24, 2026. As indicated in the Press Release issued on the said date, the Reserve Bank, in exercise of powers conferred under Sections 38 and 39 of the Banking Regulation Act 1949, made an application before the Hon’ble High Cour
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, July 29, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 09:30 AM to 10:00 AM July 30, 2026 (Thursday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.Ajit Prasad
The Reserve Bank of India (RBI) has, by an order dated July 23, 2026, imposed a monetary penalty of ₹7 lakh (Rupees Seven Lakh only) on Sangli District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act. The statut
The Reserve Bank of India (RBl) has, by an order dated July 21, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Jilla Sahakari Kendriya Bank Maryadit, Shajapur, Madhya Pradesh (the bank), for contravention of the provisions of section 26A read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI, under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act. The
(Amount in ₹ Crore) Auction Results 6.94% GS 2036 I. Notified Amount 34,000 II. Competitive Bids Received (i) Number 432 (ii) Amount 85,565.000 III. Cut-off price / Yield 100.89 (YTM: 6.8117%) IV. Competitive Bids Accepted (i) Number 152 (ii) Amount 33,964.938 V. Partial Allotment Percentage of Competitive Bids 54.9193% (56 bids) VI. Weighted Average Price/Yield 100.91 (WAY: 6.8089%) VII. Non-Competitive Bids Received (i) Number 7 (ii) Amount 35.062 VIII. Non-Competiti
News coverage 19
Journalism about this sector — not policy documents
The repo rate has been unchanged in the last 3 RBI Monetary Policy meets and the neutral stance has been maintained since June 2025 in the past 7 RBI MPC meets
RBI MPC Meeting 2026 LIVE: The central bank will unveil the outcome of the policy review at 10:00 a.m.
Union Minister Scindia, MP CM Mohan Yadav Secure Cumulative ₹5,500 Crore Investment Commitments for India’s first Telecom Manufacturing Zone
RBI MPC 2025, RBI Monetary Policy Meeting Outcomes, RBI MPC Meeting December 2025 News & Highlights: Here are the major live updates related to the latest bi-monthly RBI Monetary Policy Committee...
Supreme Court issues directions to curb digital arrest scams, asks RBI to frame SOP on mule accounts
Supreme Court issues directions to curb digital arrest scams, asks RBI to frame SOP on mule accounts
Colonial-era banking evidence law to go: What the new Bill changes Business Standard
The Supreme Court has directed that third-party motor insurance for new cars be increased to four years and for new two-wheelers to six years.
The Bill seeks to amend the Payment and Settlement Systems Act, 2007, the Income-tax Act, 2025, and the Finance Act, 2027.
RBI MPC meeting begins today; Rate pause likely as policymakers balance inflation risks and growth concerns The Tribune
RBI likely to keep policy interest rates unchanged amid growing inflation risks Deccan Herald
The Odisha government has cleared a Bill to establish economic region development authorities. This move aims to boost regional economic growth and infrastructure.
The Centre for Policy Research (CPR) examines the potential fiscal impact of a policy referred to as 'VB G RAM G' on Indian states.
A reported proposal under the Goods and Services Tax (GST) system aims to protect the Input Tax Credit (ITC) for honest buyers if they have GSTR-2B records and payment proof.
Bombay High Court held that notices and proceedings initiated against an entity that has ceased to exist are void and without jurisdiction, setting aside the assessment, show cause...
The Foreign Contribution (Regulation) Amendment Rules, 2026, introduce 10 major compliance changes for organizations receiving foreign contributions in India.