RBI Ups Financial Accommodation for States/UTs by 28% to ₹60,118 Crore
The Reserve Bank of India (RBI) has increased the aggregate Ways and Means Advances (WMA) limit for State governments and Union Territories (UTs) by 28%, from ₹47,010 crore to ₹60,118 crore, effective from July 1, 2024. This revision, based on recommendations by a Group of select State Finance Secretaries and considering recent expenditure data, aims …
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