Aizawl, April 4 -- Mizoram Chief Minister Lalduhoma on Thursday announced that the state's financial position has seen a notable improvement over the past year, attributing this to a series of austerity measures implemented by the government.

He revealed that the state government had retained a cash balance of Rs. 1,093 crore with the Reserve Bank of India (RBI) at the close of the 2024-2025 financial year, despite facing fiscal challenges. This marks a significant achievement for the state, as in previous years, the government's cash balance at the end of the financial year had typically ranged from Rs. 100 to 200 crore and often turned negative after salaries and pensions were disbursed in March.

In comparison, the cash balance at the...