♦ Delhi Government has signed a Memorandum of Understanding (MoU) with the Reserve Bank of India, bringing the national capital under the RBI’s full banking, cash management and debt framework for the first time. The MoU enables the RBI to function as the banker, debt manager, and financial agent of the Government of Delhi. 

♦ The MoU will facilitate market borrowings through State Development Loans, automatic investment of surplus cash, professional cash management, and access to low-cost liquidity facilities.