Flowing Forward: RBI Deal to Power Yamuna Rejuvenation

The Delhi government has entered into a landmark memorandum of understanding (MoU) with the Reserve Bank of India (RBI) to bolster infrastructure development and support the rejuvenation of the Yamuna river.

Under the agreement, the RBI will serve as the state’s banker, debt manager, and financial agent, enabling efficient market borrowings through State Development Loans. The arrangement also includes professional cash management services, automatic investment of surplus funds, and access to low-cost liquidity.

Delhi Chief Minister Rekha Gupta stated that all funds raised through market borrowings will be allocated exclusively toward capital expenditure, with priority given to projects related to Yamuna rejuvenation, drinking water supply, healthcare infrastructure, public transport, roads, and flyovers. The MoU was signed at the Delhi Secretariat in the presence of senior officials from both the Delhi government and the RBI.

This partnership is expected to strengthen Delhi’s financial management framework while ensuring the timely and effective implementation of critical development initiatives. It represents a significant step toward improved urban infrastructure, enhanced public services, and sustainable urban planning in the national capital.

News by Rahul Yelligetti.