Delhi government partners with RBI to handle debt and cash management:

Delhi government partners with RBI to handle debt and cash management:

Daily Current Affairs   /   Delhi government partners with RBI to handle debt and cash management:

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Category : State Published on: January 09 2026

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  • The Delhi government has entered into a Memorandum of Understanding (MoU) with the Reserve Bank of India, authorising the RBI to act as the government’s banker, debt manager, and financial agent.
  • Under the agreement, the Delhi government will be able to raise funds through State Development Loans, invest surplus cash automatically, adopt professional cash management practices, and access low-cost liquidity facilities, in line with the Government of India framework and provisions of the RBI Act.
  • Chief Minister Rekha Gupta, who also oversees the finance department, termed the MoU a transformative and overdue reform that earlier administrations had not implemented.
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