Reserve Bank of India (RBI) Governor Shaktikanta Das has asked state governments to find out effective ways to address the issues related to debt and cash management.
He emphasised on the need for the states to adopt prudent borrowing strategy and efficient cash management practices, keeping in view the evolving macroeconomic scenarios.
Further, he stressed on the need for the states to focus on improving quality of expenditures, better handling and monitoring of contingent liabilities and improving the governance in the cooperative banks.
