Government of India
3 topic(s) tracked under this ministry.
RBI releases list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation for NBFCs
On August 6, 2026, the Reserve Bank of India (RBI) announced a series of regulatory updates, guidelines, and financial operations. Key among these was the release of the list of Non-Banking Financial Companies (NBFCs) in the Upper Layer (NBFC-UL) under Scale Based Regulation for the year 2026-27, based on financial data as of March 31, 2026. Additionally, the RBI initiated several public consultations, releasing draft directions on credit facilities for NBFCs, concentration risk management for rural co-operative banks, and guidelines for 'on tap' licensing of Urban Co-operative Banks (UCBs). The central bank also issued final amendment directions regarding the conduct of regulated entities in loan recovery and the engagement of recovery agents, following a feedback period that began with a revised draft on May 20, 2026. In terms of enforcement, the RBI announced a monetary penalty of ₹40,000 on Kedarnath Urban Co-operative Bank Ltd. in Latur, Maharashtra, citing non-compliance with Know Your Customer (KYC) and Supervisory Action Framework (SAF) directions. The RBI also extended regulatory directions for Sri Guru Raghavendra Sahakara Bank Niyamitha in Bengaluru. On the operational and macroeconomic front, the RBI announced an underwriting auction for the sale of ₹32,000 crore in Government Securities scheduled for August 7, 2026, and detailed its money market operations and a 4-day Variable Rate Reverse Repo (VRRR) auction. The bank also published data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB), and Rupee Denominated Bonds (RDB) for June 2026, alongside the results of several forward-looking surveys, including consumer confidence and inflation expectations. The draft guidelines and directions remain open for stakeholder feedback and public comments.
Result of Buyback Auction of Government of India Dated Securities
The Government of India and various Union ministries have initiated several administrative, financial, and disaster response measures in early August 2026. On the financial front, the Reserve Bank of India (RBI) announced the results of the buyback auction of Government of India Dated Securities, alongside the release of the RBI Governor's statement on August 5, 2026. Additionally, Union Finance Minister Nirmala Sitharaman reportedly expressed the Centre's interest in investing to develop the tea and textile sectors in West Bengal, as shared by Chief Minister Suvendu Adhikari. In terms of public health and safety, the Union Health Ministry deployed a National Joint Outbreak Response Team (NJORT) to Gujarat and Rajasthan to combat an outbreak of the Chandipura Virus Disease (CHPV), which has claimed the lives of at least 22 children in Gujarat. For infrastructure and transport, Union Minister Nitin Gadkari highlighted that Uttar Pradesh recorded the highest number of traffic violations via e-challans under the newly introduced Central Motor Vehicles (Third Amendment) Rules, 2026. Furthermore, the Centre revealed that 471 National Highway bridges were found to be distressed, with repairs for 312 of them scheduled for completion by December 2028, following a decision to centralize data gathering for bridge safety. In other developments, the Centre executed an anti-piracy crackdown under the Information Technology Rules, 2021, blocking 4,996 Telegram channels and 1,263 websites. On disaster relief, BJP President and Union Minister JP Nadda visited landslide-hit Mon in Nagaland and flood-affected regions in Assam to assure central support and convey solidarity. Meanwhile, the Centre informed the Supreme Court that a proposal has been sent for in-principle approval of a scheme aimed at modernizing police forces, and Union Minister Ram Mohan Naidu Kinjarapu addressed queries regarding potential plans to blend ethanol into Aviation Turbine Fuel.
Parliament monsoon session LIVE: Oppn raises 'Amit Shah missing' banners amid protest, seeks answers for CJP crackdown
During the Parliament's monsoon session in August 2026, the opposition staged protests demanding answers from Union Home Minister Amit Shah regarding a security crackdown on youth during the CJP's 'Chalo Sansad' march. As part of the protest, opposition members raised banners declaring "Amit Shah missing." The opposition has actively demanded accountability from the Union Home Minister over the security actions taken against the youth. Prior to these protests, on August 1, 2026, Home Minister Amit Shah was active in public events, where he presented the Lokmanya Tilak Award to National Security Advisor (NSA) Ajit Doval, praising him as "fearless" and drawing parallels to Lokmanya Bal Gangadhar Tilak's nationalist vision. Additionally, Shah urged the youth to read "Bhagavad Gita Rahasya," stating that Lokmanya Tilak's interpretation helps ordinary citizens imbibe its principles in daily life to avoid mistakes. As of the latest reports, the government's official response to the opposition's demands and the "missing" banners remains pending, and the situation regarding the CJP crackdown controversy in Parliament continues to develop.