CM Revanth, RBI Governor Meet: Key Reforms & Financial Cooperation Discussed

• CM Revanth Reddy met RBI Governor Sanjay Malhotra in Hyderabad to discuss Telangana's financial situation and government reforms.
• Governor Malhotra praised the state's financial policies and urged the notification of the 'BUDS Act' for deposit safety.
• CM Revanth explained power sector reforms, including establishing a third DISCOM and increasing solar power use.
• RBI briefed on 'Unified Lending Interface' (ULI) for simplified loans and a campaign for unclaimed deposits, seeking state cooperation.
• RBI Governor assured full cooperation for Telangana's economic development and future innovative financial reforms.

Why It Matters: CM Revanth and RBI Governor discussed Telangana's financial reforms and future economic cooperation.