Kolkata: The Reserve Bank of India Governor Sanjay Malhotra on Saturday met West Bengal chief minister Suvendu Adhikari in Kolkata. They are said to have discussed key economic issues related to the state, according to sources close to the development.A social media post by the chief minister however termed it a courtesy meeting.Also read: West Bengal government holds pre-budget talks with industry bodies'The development assumed importance for the state which is known for its strained finances with high debt and fiscal deficits. The RBI is the banker to every state and monitors their financial conditions.The Bengal government under Adhikari will present it's first state budget on June 22.Bengal's fiscal deficit was earlier projected at 2.91% and revenue deficit at 1.01% of state GDP while the state's outstanding debt was 38% of the GDP.
RBI Governor meets Bengal CM Adhikari ahead of state's first budget
Reserve Bank of India Governor Sanjay Malhotra met West Bengal Chief Minister Suvendu Adhikari in Kolkata. They discussed key economic issues concerning the state. This meeting holds significance given Bengal's financial situation. The state government is set to present its budget soon. The RBI plays a crucial role in monitoring state finances.
RBI Governor Sanjay Malhotra met West Bengal CM Adhikari to discuss state finances before the first budget (June 22). Fiscal deficit at 2.91% and debt at 38% of state GDP highlight governance and budget efficiency challenges relevant to infrastructure planning.












