Shimla: Secretary, Finance Dr. Abhishek Jain inaugurated a Capacity Building Programme (CBP) on cash and debt management organized by the Reserve Bank of India (RBI) for officers of the Finance department, State Treasury and Principal Accountant General (A&E and Audit) office in Shimla.
Addressing the participants, Dr. Jain briefed about the current financial position of the state and highlighted various initiatives being undertaken by the Finance department to strengthen cash management, improve fiscal discipline and ensure efficient utilization of financial resources.
The Secretary Finance said that the knowledge and insights gained during the sessions are expected to further strengthen the State’s financial management framework and enhance decision-making related to cash flow and debt operations.
Dr. Abhishek Jain appreciated RBI’s initiative and expressed its commitment to continued collaboration in strengthening public financial management systems and institutional capacity.
An expert team led by Rakesh Tripathi, Chief General Manager, Internal Debt Management Department, RBI, Mumbai, delivered detailed presentations on cash flow forecasting, debt management, ways and means advances, investment of surplus funds, fiscal risk management and modern practices in public debt management.
RBI experts emphasized the importance of accurate cash flow forecasting, prudent debt planning, effective liquidity management, and close coordination among the Finance Department, Treasury and Accountant General’s Office to improve fiscal sustainability and reduce borrowing costs.
Special Secretary (Finance) Saurav Jassal, Director (Treasuries & Accounts)-cum-Special Secretary (Finance) Vijay Wardhan, along with other officers and officials dealing with budget, cash management and debt-related matters were also present on the occasion.
