Current Affairs - Finance - Discussion

The Reserve Bank of India has entered into a Memorandum of Understanding with the Delhi Government to support major developmental initiatives. Under this arrangement, RBI will function as the banker, debt manager, and financial agent for the Delhi Government. It will enable market borrowings through State Development Loans (SDLs), assist in efficient cash management, and provide access to low-cost liquidity. The funds raised will be strictly used for capital expenditure, with priority given to Yamuna rejuvenation, water supply, health, transport infrastructure, roads, and flyovers, ensuring long-term developmental impact.