According to the Reserve Bank of India, the 36th Conference of State Finance Secretaries took place on October 27, 2026, in Mumbai. Finance Secretaries from 27 States and three Union Territories attended the event, alongside senior officials from the Ministry of Finance, the Controller General of Accounts, and the Comptroller and Auditor General of India.
The central bank stated that the conference focused on the theme of ‘Role of Quality of Expenditure, Effective Cash and Prudent Debt Management in Enhancing States’ Fiscal Sustainability’. The RBI Governor inaugurated the meeting, stressing the importance of expenditure quality, prudent borrowing strategies, and efficient cash management for long-term fiscal health. He also released a booklet titled ‘Compendium on Cash and Debt Management for State Governments’ during the event.
What it means
- States are urged to onboard onto the Unified Lending Interface and utilise Programmable Central Bank Digital Currency for Direct Benefit Transfers.
- States were advised by the Governor to make effective use of the State Level Bankers’ Committee forum.
Source
Reserve Bank of India, “Reserve Bank holds 36<sup>th</sup> Conference of State Finance Secretaries” dated 27 October 2026. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
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