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RBI holds 36th Conference of State Finance Secretaries
వార్తల్లో ఎందుకు?
RBI asks States to use ULI and programmable CBDC for DBT: the GS3 fiscal federalism angle
RBI urges states to adopt ULI and programmable CBDC for DBT at Finance Secretaries' conference.
Why it matters: factual, Prelims-type
What you need to know
2 నిమి
The Reserve Bank of India held the 36th Conference of State Finance Secretaries in Mumbai on 27 October 2026, attended by Finance Secretaries of 27 States and three Union Territories.
Its theme was the role of quality of expenditure, effective cash management and prudent debt management in states' fiscal sustainability.
Governor Sanjay Malhotra urged states to adopt the Unified Lending Interface and use programmable CBDC for direct benefit transfers.
మూలాలు: Topper IAS editorial (PIB / The Hindu / Indian Express)
ముఖ్య వాస్తవాలు
Remember these
- RBI held the 36th Conference of State Finance Secretaries in Mumbai on 27 October 2026.
- Finance Secretaries of 27 States and three Union Territories attended.
- Theme: quality of expenditure, effective cash management and prudent debt management for fiscal sustainability.
- Governor Sanjay Malhotra urged States to adopt the Unified Lending Interface (ULI) and programmable CBDC for direct benefit transfers.
- ULI was developed by the RBI Innovation Hub, a subsidiary of the Reserve Bank.
ప్రిలిమ్స్ · మెయిన్స్
How the exam will ask it
ప్రిలిమ్స్
- The Unified Lending Interface is a digital public infrastructure platform developed by the RBI Innovation Hub to streamline credit delivery.
- A programmable CBDC is digital currency issued by the central bank that can be coded to be spent only for a specified purpose, making it suited to targeted benefit transfers.
- The RBI acts as banker and debt manager to State Governments, and holds periodic conferences with State Finance Secretaries.
మెయిన్స్
GS3 (Economy) and GS2 (federalism): States' fiscal sustainability depends on the quality of expenditure, cash management and prudent debt management, not just on deficit numbers. Technology such as ULI and programmable CBDC can cut leakages in direct benefit transfers and improve credit delivery, but it needs State capacity, data sharing and privacy safeguards. The way forward is cooperative adoption of digital public infrastructure alongside fiscal-rule discipline and transparent debt reporting.
Quick recall
Answer before you reveal
The Unified Lending Interface (ULI), which the RBI Governor urged States to adopt, was developed by which body?
- NPCI
- RBI Innovation Hub
- NABARD
- SIDBI
సమాధానం చూడండి
సమాధానం: B — The correct answer is RBI Innovation Hub. The Unified Lending Interface was developed by the RBI Innovation Hub, a subsidiary of the Reserve Bank.
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