RBI Governor Sanjay Malhotra urges states to ensure quality spending, prudent borrowing
Addressing the 36th conference of state finance secretaries at the Mint Road, Malhotra appealed the states to onboard onto the Unified Lending Interface (ULI) and utilise Programmable Central Bank Digital Currency (P-CBDC) for Direct Benefit Transfers (DBT).
Kolkata: Reserve Bank of India Governor Sanjay Malhotra on Tuesday urged state governments to ensure quality of expenditure, and adopt prudent borrowing and cash management practices for the benefit of their long term fiscal health.Addressing the 36th conference of state finance secretaries at the Mint Road, Malhotra appealed the states to onboard onto the Unified Lending Interface (ULI) and utilise Programmable Central Bank Digital Currency (P-CBDC) for Direct Benefit Transfers (DBT).The RBI provides liquidity support to state governments and union territories to tide over mismatches in their receipts and payments.
