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CAG Report Reveals Telangana Incurred Net Excess Expenditure Of Rs 75 053 Cr In 2021 22

CAG Report Reveals Telangana Incurred Net Excess Expenditure Of Rs 75 053 Cr In 2021 22
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RBI fixes Ways and Means Advances limit for states at Rs 47,010 cr

RBI fixes Ways and Means Advances limit for states at Rs 47,010 cr

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RBI WMA limit, RBI temporary advances limit extended, reserve bank, RBI extends temporary advances limit till September

URL copied RBI extends temporary advances limit of Rs 51,560 crore for states, UTs till September The RBI on Friday said the existing interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and Union Territories will continue up to September 30, 2021, as the effect of the COVID-19 pandemic is still prevalent. WMAs are temporary advances given by the RBI to the government to tide over any mismatch in receipts and payments. The RBI said it has revised the WMA Scheme of States and Union Territories (UTs) based on the recommendations of the Advisory Committee on WMA to state governments. The WMA limit arrived at by the Committee based on total expenditure of States/ UTs, works out to Rs 47,010 crore.

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RBI extends temporary advances limit of Rs 51,560 cr for states, UTs till Sep

RBI extends temporary advances limit of Rs 51,560 cr for states, UTs till Sep SECTIONS Last Updated: Apr 23, 2021, 08:51 PM IST Share Synopsis The RBI said it has revised the WMA Scheme of States and Union Territories (UTs) based on the recommendations of the Advisory Committee on WMA to state governments. The WMA limit arrived at by the Committee based on total expenditure of States/ UTs, works out to Rs 47,010 crore. Reuters The Reserve Bank will review the WMA limit thereafter, depending on the course of the pandemic and its impact on the economy, the central bank said. The RBI on Friday said the existing interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and Union Territories will continue up to September 30, 2021, as the effect of the COVID-19 pandemic is still prevalent.

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