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Press releaseRBIThursday, 1 October 2026

Indicative Calendar of Market borrowings by State Governments/ Union Territories for the Quarter October – December 2026

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Official press release — a government communication announcing decisions, milestones, or initiatives. Signals intent and often precedes formal notification or legislative action.

Summary

With an objective to enhancing transparency and providing greater clarity to the investors, Reserve Bank introduced the Benchmark Issuance Strategy (BIS) on a pilot basis commencing Q1: FY 2026-27 involving nine States, viz., Andhra Pradesh, Bihar, Chhattisgarh, Keralam, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, and Uttar Pradesh. Subsequently, nine other States and one Union Territory (UT), namely Himachal Pradesh, Jharkhand, Manipur, Meghalaya, Odisha, Punjab, Sikkim, Uttarakhand, Wes

Key Facts

TypePress release
SourceReserve Bank of India
PublishedThursday, 1 October 2026
Affected Population1.4 billion citizens, 20 million government employees

Key Numbers

20 million central + state government employees
Rs 3.3 lakh crore transferred via DBT
1,500+ services on UMANG app

Key Authorities

PMOCabinet SecretariatDARPGNITI Aayog

Key Stakeholders

Civil ServantsState GovernmentsJudiciary

Government Context

NDA IIIBJP-led NDA
Centre-Right
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