Delhi Govt, RBI Ink Historic MoU: Yamuna Rejuvenation, Infra Boost, Fiscal Reform

• Delhi government signed an MoU with RBI for financial reforms, focusing on Yamuna rejuvenation, water supply, and infrastructure development.
• RBI will serve as Delhi's banker, debt manager, and financial agent, enabling market borrowing via State Development Loans and professional cash management.
• Funds from market borrowings will be exclusively for capital expenditure in priority sectors like Yamuna, drinking water, health, public transport, roads, and flyovers.
• The agreement ensures automatic investment of surplus cash, access to low-cost liquidity, and competitive interest rates (around 7%) for borrowings, replacing high-cost loans.
• CM Rekha Gupta hailed it as a "transformational milestone" and a "historic financial reform," thanking PM Narendra Modi and FM Nirmala Sitharaman.

Why It Matters: Delhi's financial governance transformed by RBI MoU, ensuring fiscal prudence and infrastructure-led growth.