Key Details
The RBI’s 36th Conference of State Finance Secretaries, held on 27 October 2026, focused on how spending decisions and day-to-day financial management affect States’ long-term fiscal sustainability.
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Fiscal priorities: The RBI Governor emphasised the quality of expenditure, prudent borrowing and efficient cash management.
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New reference guide: The RBI released a Compendium on Cash and Debt Management for State Governments, summarising relevant concepts, operating processes and good practices.
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Borrowing discussions: Participants reviewed State market borrowings, short-term financial accommodation from the RBI and the adoption of a benchmark issuance strategy. The release does not announce a change to borrowing rules.
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