Fiscal discipline crucial for growth; states to prioritise quality spending: RBI governor
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RBI Governor Sanjay Malhotra emphasized fiscal discipline for economic growth, urging states to prioritize expenditure quality and prudent borrowing. At the 35th Conference of State Finance Secretaries, discussions centered on fiscal consolidation, cash management, and market borrowings. The meeting promoted coordination between states and the RBI for initiatives in currency management and financial inclusion. What's Your Reaction?
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