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of <h1>Government Securities Act Amendments Allow RBI to Manage Public Debt for Eight States Following Constitutional Resolutions</h1> The amendments to the Government Securities Act, 2006 under Finance Act, 2025 relate to government securities management by the Reserve Bank of India. As 'Public debt of the State' falls within the State List, eight states (Andhra Pradesh, Chhattisgarh, Haryana, Nagaland, Punjab, Uttarakhand, Uttar Pradesh, and West Bengal) passed resolutions allowing Parliament to regulate this matter. Section 137 establishes that this Part applies immediately to these eight states and all Union territories, and will apply to other states upon their adoption through resolution under Article 252(1) of the Constitution.
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