India has doubled the sub-limit available to long-term investors of government bonds to $10 billion in a bid to boost overseas capital inflows.
The Finance Ministry is planning to combine the stock and commodities market regulators to strengthen oversight of markets.
The Reserve Bank said it will withdraw all currency notes issued prior to 2005 from March 31, in an apparent move aimed at curbing black money and fake currencies.
The Securities and Exchange Board of India (SEBI) is enhancing monitoring requirements and easing certification norms for employees of intermediaries as local exchanges launch interest rate futures this month.
The committee, tasked to oversee governance of boards at local banks, will be chaired by Shri P. J. Nayak, former Chairman and CEO of Axis Bank.
Commodities market watchdog Forward Markets Commission is refining rules for trading commodity futures to lure market participants.
The high and volatile global commodity prices have posed considerable challenges to the domestic monetary policy in several commodity importing countries.
The Reserve Bank of India has selected the Clearing Corporation of India Ltd. (CCIL) to act as a Local Operating Unit (LOU) for issuing globally compatible Legal Entity Identifiers (LEIs) in India.