Banking and RBI
RBI issues draft Guidance on Regulatory Expectations for Data Governance
15 July 2026 | Reserve Bank of India
The RBI released on 15 July 2026 the draft 'Guidance on Regulatory Expectations for Data Governance' for public comments. It applies to commercial banks, small finance banks, payments banks, local area banks, regional rural banks, urban and rural co-operative banks, all India financial institutions, NBFCs, asset reconstruction companies and credit information companies.
Key facts- Document: draft Guidance on Regulatory Expectations for Data Governance
- Date: 15 July 2026
- Stage: draft, public comments invited
- Applies to: 11 types of regulated entities
Exam takeaway: Draft guidance is open for feedback before final issue.
Quick revision: RBI draft data governance guidance for 11 entity types (RBI, 15 July 2026).
Reserve Bank of India original sourceGovernment Schemes
Cabinet approves Semicon 2.0 with outlay of Rs 1,27,500 crore
15 July 2026 | Press Information Bureau
PIB said the Union Cabinet, chaired by the Prime Minister, approved Semicon 2.0 for India's semiconductor design and manufacturing ecosystem with a total budget outlay of Rs 1,27,500 crore, building on Semicon 1.0.
The scheme rests on six pillars. The first, design, notes that 105 startups have begun developing chips. The second incentivises companies making machines, materials, chemicals and gases for semiconductor manufacturing, and the third covers setting up more fabs.
Key facts- Scheme: Semicon 2.0
- Outlay: Rs 1,27,500 crore
- Pillars: six, starting with design
- Chip design startups: 105 already developing chips
Exam takeaway: Semicon 2.0 extends support from Semicon 1.0 to the whole chip ecosystem.
Quick revision: Cabinet approves Semicon 2.0, Rs 1,27,500 crore (PIB, 15 July 2026).
Press Information Bureau original sourceGovernment Schemes
Cabinet approves Mobile Phone Manufacturing Scheme (MPMS) with outlay of Rs 62,500 crore
15 July 2026 | Press Information Bureau
PIB said the Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore, with a tenure of five years from FY 2026-27 to FY 2030-31.
Incentives on eligible sales range from 2.25 per cent to 5 per cent, with up to 1.5 per cent more linked to domestic sourcing of key components, and an additional 3 per cent for design and R&D to build Indian brands. Cumulative production is expected to reach about Rs 39,00,000 crore and around 60,000 direct jobs are expected.
Key facts- Scheme: MPMS, outlay Rs 62,500 crore
- Tenure: FY 2026-27 to FY 2030-31
- Incentive: 2.25% to 5% on eligible sales
- Expected: Rs 39,00,000 crore production, about 60,000 direct jobs
Exam takeaway: MPMS aims at Indian brands and domestic value addition.
Quick revision: Cabinet approves MPMS, Rs 62,500 crore (PIB, 15 July 2026).
Press Information Bureau original source