Banking and RBI
RBI releases draft rationalised Foreign Exchange Management (Non-Debt Instruments) Rules
21 July 2026 | Reserve Bank of India
The RBI released on 21 July 2026 draft rules for comments to rationalise the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (NDI Rules), which govern foreign investment into India.
The Union Budget 2026-27 announced a comprehensive review of the NDI Rules. A committee constituted by the Central Government reviewed the framework, and the RBI prepared the draft based on its recommendations. The draft aims at a simplified, principle-based framework with harmonised definitions.
Key facts- Draft released: 21 July 2026
- Rules reviewed: NDI Rules, 2019
- Review announced in: Union Budget 2026-27
- Aim: simplified, principle-based framework
Exam takeaway: NDI Rules govern foreign investment in equity-type instruments.
Quick revision: Draft NDI Rules rationalisation released for comments (RBI, 21 July 2026).
Reserve Bank of India original sourceBanking and RBI
RBI 3-day VRR auction result: Rs 34,291 crore allotted at 5.26 per cent
21 July 2026 | Reserve Bank of India
In the 3-day VRR auction held on 21 July 2026, against a notified amount of Rs 75,000 crore, bids of Rs 34,291 crore were received and fully allotted.
The cut-off rate and weighted average rate were both 5.26 per cent.
Key facts- Notified: Rs 75,000 crore
- Bids received and allotted: Rs 34,291 crore
- Cut-off rate: 5.26%
- Tenor: 3 days
Exam takeaway: VRR auctions adjust liquidity through repo operations.
Quick revision: 3-day VRR result of 21 July 2026: Rs 34,291 crore at 5.26% (RBI).
Reserve Bank of India original sourceGovernment Schemes
PLI Schemes: Rs 1.91 lakh crore outlay across 14 sectors
21 July 2026 | Press Information Bureau
PIB said the Government has launched Production Linked Incentive (PLI) Schemes for 14 key sectors with an approved outlay of Rs 1.91 lakh crore. DPIIT is the nodal department for coordination and monitoring.
As on 31 March 2026, the PLI Schemes had resulted in actual investment of over Rs 2.40 lakh crore and employment generation of over 14.15 lakh (direct and indirect).
Key facts- Sectors covered: 14
- Approved outlay: Rs 1.91 lakh crore
- Investment as on 31 March 2026: over Rs 2.40 lakh crore
- Employment: over 14.15 lakh
Exam takeaway: DPIIT is the nodal department for PLI Schemes.
Quick revision: PLI: 14 sectors, Rs 1.91 lakh crore (PIB, 21 July 2026).
Press Information Bureau original source