RBI Governor Sanjay Malhotra flags need for 'prudent borrowing' as states face fiscal management challenges

RBI Governor Sanjay Malhotra urged states to improve spending quality, adopt prudent borrowing and strengthen cash management to ensure fiscal sustainability. He also called for wider use of digital platforms for lending and direct benefit transfers.

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Disclaimer

This is general information for awareness only, not legal, tax or investment advice. For guidance on your specific situation, speak to a qualified professional.