Mumbai, Oct. 27 -- The Reserve Bank of India (RBI) on Tuesday convened the 36th Conference of State Finance Secretaries in Mumbai, focusing on structural fiscal health, prudent market borrowings, and modern financial mechanisms across state administrations.

The conference, inaugurated by the Governor of the Reserve Bank of India, Sanjay Malhotra, centered on the theme 'Role of Quality of Expenditure, Effective Cash and Prudent Debt Management in Enhancing States' Fiscal Sustainability'.

According to the Reserve Bank of India, the high-level meeting brought together finance secretaries representing 27 states and three Union Territories. Senior officials from the Ministry of Finance, Government of India, the Controller General of Accounts...