Here is the list of major policy announcements to mitigate the impact of COVID-19 1. [Feb 2020 to June 2020](https://rbidocs.rbi.org.in/rdocs/AnnualReport/PDFs/12XIVANNEX24513D44303EC48709D9022DBE15E5D5C.PDF) **Liquidity Management** 1. These are the [liquidity measures](https://rbi.org.in/scripts/PublicationsView.aspx?Id=20647#:~:text=Liquidity%20Measures%20since%20February%206%2C%202020) which were taken since Feb 6, 2020 and as on September 30, 2021. 2. An [article](https://rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=19658#:~:text=Box%2D1%3A%20Revised%20Liquidity%20Management%20Framework) in RBI Bulletin July 2020 on Liquidity Management in the Time of Covid-19: An Outcomes Report [^1] 2. [March 2020 to March 2021](https://rbidocs.rbi.org.in/rdocs/AnnualReport/PDFs/14ANNEXII4D4F6A0395054956BEA919F5CD286395.PDF) 3. [April 2021 to March 2022](https://rbidocs.rbi.org.in/rdocs/AnnualReport/PDFs/14ANNEX_2FD0FF7409A864096A002BE23CC487775.PDF) **In RBI Bulletin-July 2020** 1. [Article](https://rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=19658#:~:text=Box%2D1%3A%20Revised%20Liquidity%20Management%20Framework) - Liquidity Management in the Time of Covid-19: An Outcomes Report [^1] **Boxes in RBI's Annual Report 2020** 1. [India’s Financial Markets: Impact of COVID-19](RBI_Annual%20Report_2020.pdf#page=86&selection=185,0,185,45) 2. [Impact of COVID-19 on Monetary and Credit Aggregates](RBI_Annual%20Report_2020.pdf#page=75&selection=5,0,5,52) 3. [Macroeconomic Impact of COVID-19](RBI_Annual%20Report_2020.pdf#page=40&selection=41,0,41,32) 4. [RBI-Annual Report 2019-20](RBI_Annual%20Report_2021.pdf) **Boxes in RBI's Annual Report 2021** 1. [FinTech Activity in India: Funding and Employment Trends during COVID-19](RBI_Annual%20Report_2021.pdf#page=218&selection=5,0,5,72) 2. [COVID-19 Related Regulatory Measures - A Cross-country Perspective](RBI_Annual%20Report_2021.pdf#page=163&selection=5,0,5,66) 3. Mitigating COVID-19 Impact on Bond Market through Dynamic Approach in Open Market Operations 4. COVID-19 Pandemic - Opportunities and Challenges for Indian Pharmaceutical Exports 5. Post - COVID-19 Surge in Mark-ups and Food Inflation Surprise 6. Impact of COVID-19 on Corporate Performance 7. What Drives Recovery in Growth after a Crisis? 8. Household Choice of Digital Payments amidst COVID-19 Pandemic **Boxes in RBI's Annual Report 2022** 1. [Extraordinary Central Bank Lending Facilities during the Pandemic](RBI_Annual%20Report_2022.pdf#page=117&selection=24,0,24,65) 2. [Impact of COVID-19 Relief Measures on Small Business Financing](RBI_Annual%20Report_2022.pdf#page=52&selection=7,1,7,62) 3. [Impact of Supply Chain Disruptions on GDP Growth and Labour Markets amidst the COVID-19 Shock](RBI_Annual%20Report_2022.pdf#page=54&selection=68,0,69,40) **Report on Currency and Finance 2022** 1. [Box I.2 - COVID-19 Shock - Relative Impact on Demand and Supply](RBI_Annual_Report%20on%20Currency%20and%20Finance_20220429_%20Report%20on%20Currency%20and%20Finance_2021-22.pdf#page=39&selection=78,0,78,53) 2. [Box II.2 Limits to Consolidation of Public Debt in India Post-Pandemic](RBI_Annual_Report%20on%20Currency%20and%20Finance_20220429_%20Report%20on%20Currency%20and%20Finance_2021-22.pdf#page=39&selection=77,0,78,53) ## FAQs 1. [Aug 19, 2022](https://www.rbi.org.in/Scripts/FAQDisplay.aspx?Id=137) - FAQs on Resolution Framework for Covid-19 related stress (Revised on December 12, 2020) ## Related Notes 1. [[Measures to stabilise the exchange market]] ## References 1. Annual Reports of the RBI-[[RBI_Annual Report_2021.pdf|2021]], [[RBI_Annual Report_2022.pdf|2022]]. 2. RBI. (Mar 19, 2021). Unconventional Monetary Policy in Times of COVID-19. RBI Bulletin. [Link](https://rbi.org.in/scripts/BS_ViewBulletin.aspx?Id=20141) | [pdf](RBI_Monthly_Bulletin_Article_20210319_Unconventional%20Monetary%20Policy%20in%20Times%20of%20COVID-19.pdf) 3. Monetary Policy Report-October 2021. [[RBI_Report_202110_Monetary Policy Report – October 2021.pdf|pdf]] 1. Prior to September 2014, the Reserve Bank of India published [Macro Economic and Monetary Developments](https://rbi.org.in/Scripts/AnnualPublications.aspx?head=Macroeconomic%20and%20Monetary%20Developments) on a quarterly basis as an accompanying document with the Monetary Policy Reviews 4. Partha Ray, Rakesh Mohan (2024). _Recent developments in Indian central banking: Flying through turbulence but aided by some tailwinds_. _Asian Economic Policy Review, 20_(1), 103–123. [Link](https://www.nibmindia.org/documents/410/Asian_Economic_Policy_Review_-_2024_-_Ray_-_Recent_Developments.pdf) | [[Paper_20240624_Partha Ray, Rakesh Mohan _Recent developments in Indian central banking- Flying through turbulence but aided by some tailwinds. Asian Economic Policy Review.pdf|pdf]] [^1]: The article was written by Radha Shyam Ratho and Pradeep Kumar of Financial Markets Operations Department, Reserve Bank of India, and assistance provided by Sabyasachi Sarangi