RBI Governor advocates fiscal discipline and borrowing calendar for state bonds

September 19, 2025

Reserve Bank of India Governor Sanjay Malhotra addressed state finance secretaries. He highlighted the importance of sticking to the borrowing calendar for state bonds. Malhotra emphasized fiscal discipline to boost economic growth. States need to improve spending quality. He also urged prudence in off-budget borrowings. These measures are crucial for sustainable financial health.

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