The Haryana government has updated its rules for issuing state government bonds, replacing 2007 guidelines with a modernized framework. The revised rules aim to simplify the state's borrowing process, detailing fund-raising mechanisms, investor eligibility, and bond servicing. Bonds will be backed by the Consolidated Fund, potentially offering fixed interest rates and a minimum one-year maturity. Economists suggest the changes may improve predictability and market alignment, potentially lowering borrowing costs, though overall costs will still depend on interest rates and fiscal discipline.