Context: Key Measures Announced: Significance:

Source: TH Context: Introduced in 2016, FIT provides a forward-looking monetary policy mandate for the Reserve Bank of India (RBI) to maintain inflation at 4% ± 2%. The current FIT cycle is ending in March 2026; the RBI is reviewing the framework for the next five years (up to 2030–31). Objective: Maintain price stability, protect the poor, encourage savings and investments, and support sustainable economic growth. What Is FIT? The Flexible Inflation Targeting (FIT) framework is India’s modern monetary policy system, introduced in 2016 through amendments to the RBI Act, 1934. It gives the Reserve Bank of India (RBI) and the Monetary Policy Committee (MPC) a clear, forward-looking mandate to maintain price stability while supporting economic growth. Why Was FIT Introduced? Key Questions in FIT Review Key Considerations for FIT and Macroeconomic Stability

Context: The Reserve Bank of India (RBI) has formally recognised the Self-Regulated PSO Association (SRPA) as a self-regulatory organisation (SRO) for the payment system operators (PSO) sector, a key step in strengthening governance, oversight, and compliance in India’s digital payments ecosystem. What is SRPA? The Self-Regulated PSO Association (SRPA) is an industry-led body formed to: SRPA is an industry-led body consisting of major payment system operators, including: More PSOs are expected to join after RBI’s formal approval. Why RBI Granted SRO Status to SRPA? Role of an SRO in the Payments Sector An SRO: India already has SROs for other sectors, such as: SRPA is now the dedicated SRO for payment system operators. What Will SRPA Do Now? According to its leadership, SRPA will: Significance for India’s Digital Payments Ecosystem