The Reserve Bank of India (RBI) has increased the Ways and Means Advance (WMA) limit for States and Union Territories (UTs) to ₹60,118 crore from the previous limit of ₹47,010 crore. This increase aims to help States and UTs manage their fiscal situations more effectively.
Purpose: WMA is a facility provided by RBI to address temporary mismatches in cash flow between receipts and payments.
Special Drawing Facility (SDF)
Overdraft Facility
Governance
By increasing the WMA limit, the RBI aims to provide greater flexibility to States and UTs in managing their short-term financial needs, thereby improving their fiscal stability.
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We provide offline, online and recorded lectures in the same amount.
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant.
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.