Ways And Means Advances
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Latest on Ways And Means Advances
RBI Panel Recommends Higher WMA Limits for States, Cautions on Year-End Borrowing
A Reserve Bank of India (RBI) panel has suggested increasing the Ways and Means Advances (WMA) limit for state governments, which acts as a temporary overdraft facility. The panel also raised concerns regarding states' tendency to increase borrowing towards the end of the financial year.
RBI Sets ₹50,000 Crore Ways and Means Advances Limit for Government in H2 FY
The Reserve Bank of India (RBI) has capped the central government's temporary borrowing through Ways and Means Advances (WMA) at ₹50,000 crore for the second half of the current financial year. This facility helps the government manage short-term cash flow mismatches between its income and expenses.
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