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BreakingFranklin Templeton Launches First Outbound Fund from GIFT City for US Equities1/6
Topicin Banking

Wma

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RBI260Regulatory Update201

Latest on Wma

RBI Panel Recommends Higher WMA Limits for States, Cautions on Year-End Borrowing
Banking

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.

43d ago·2 min readListen
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