The Reserve bank of India has set the limit for Ways and Means Advances (WMA) for the second half of the financial year 2021-22 i.e October 2021 to March 2022 at Rs. 50,000 crore. The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit. The Reserve Bank retains the flexibility to revise the limit at any time, in consultation with the Government of India, taking into consideration the prevailing circumstances.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The interest rate on WMA/overdraft will be:
Important takeaways for all competitive exams:
USA President Donald Trump has announced that $300 billion partnership with Reliance Industries Ltd. to…
The Honorable Supreme Court of India has allowed the withdrawal of life support in the…
Did you know that tropical fruits are among the most colorful, flavorful, and nutritious foods…
The defunct NASA satellite which is called Van Allen Probe A is to expected to…
The Union Cabinet was chaired by Prime Minister Narendra Modi has approved the extension of…
The Cabinet Committee on Economic Affairs (CCEA) which is chaired by Prime Minister Narendra Modi.…