The high-powered committee on state finances has decided to rope in the Reserve Bank of India in its capacity as the banker to the state governments for its next meeting slated for the end of this month.
The committee chaired by finance minister Jaswant Singh in its first meeting today also decided to stick to its time schedule of September 30 to finalise its recommendations on a viable debt swap arrangement for the states.
Briefing reporters after the meeting West Bengal finance minister Asim Dasgupta said