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RBI WMA limit, RBI temporary advances limit extended, reserve bank, RBI extends temporary advances limit till September


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RBI extends temporary advances limit of Rs 51,560 crore for states, UTs till September
The RBI on Friday said the existing interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and Union Territories will continue up to September 30, 2021, as the effect of the COVID-19 pandemic is still prevalent. WMAs are temporary advances given by the RBI to the government to tide over any mismatch in receipts and payments.
The RBI said it has revised the WMA Scheme of States and Union Territories (UTs) based on the recommendations of the Advisory Committee on WMA to state governments. The WMA limit arrived at by the Committee based on total expenditure of States/ UTs, works out to Rs 47,010 crore. ....

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RBI extends temporary advances limit of Rs 51,560 cr for states, UTs till Sep


RBI extends temporary advances limit of Rs 51,560 cr for states, UTs till Sep
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Last Updated: Apr 23, 2021, 08:51 PM IST
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Synopsis
The RBI said it has revised the WMA Scheme of States and Union Territories (UTs) based on the recommendations of the Advisory Committee on WMA to state governments. The WMA limit arrived at by the Committee based on total expenditure of States/ UTs, works out to Rs 47,010 crore.
Reuters
The Reserve Bank will review the WMA limit thereafter, depending on the course of the pandemic and its impact on the economy, the central bank said.
The RBI on Friday said the existing interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and Union Territories will continue up to September 30, 2021, as the effect of the COVID-19 pandemic is still prevalent. ....

Union Territories , Redemption Fund , Union Territories Uts , Advisory Committee , Means Advances , Reserve Bank , Special Drawing Facility , Auction Treasury Bills , Consolidated Sinking Fund , Guarantee Redemption Fund , State Governments , Reserve Bank Of India , Covid 19 Pandemic , தொழிற்சங்கம் பிரதேசங்கள் , மீட்பு நிதி , தொழிற்சங்கம் பிரதேசங்கள் அட்ஸ் , இருப்பு வங்கி , சிறப்பு வரைதல் வசதி , தொகுக்கப்பட்டு மூழ்கும் நிதி , உத்தரவாதம் மீட்பு நிதி , நிலை அரசாங்கங்கள் , இருப்பு வங்கி ஆஃப் இந்தியா ,

RBI extends Ways and Means credit for States, UTs to Sept.


Prevalence of COVID-19 cases influences decision
The Reserve Bank of India (RBI) decided to continue with the existing interim Ways and Means Advances (WMA) scheme limit of ₹51,560 crore for all States/ UTs shall for six months i.e., up to September 30, given the prevalence of COVID-19.
Based on the recommendations of the Advisory Committee on WMA to State Governments, 2021 chaired by Sudhir Shrivastava the RBI had revised the WMA Scheme of States and Union Territories (UTs), it said.
The WMA limit arrived at by the Committee based on total expenditure of States/ UTs, works out to ₹47,010 crore. The RBI said it would review the WMA limit thereafter, depending on the course of the pandemic and its impact on the economy. ....

Sudhir Shrivastava , Redemption Fund , Union Territories Uts , Advisory Committee , Reserve Bank , Means Advances , State Governments , Union Territories , Special Drawing Facility , Auction Treasury Bills , Consolidated Sinking Fund , Guarantee Redemption Fund , ஸௌட்ஶ்ர் ஸ்ரீவாஸ்தவா , மீட்பு நிதி , தொழிற்சங்கம் பிரதேசங்கள் அட்ஸ் , இருப்பு வங்கி , நிலை அரசாங்கங்கள் , தொழிற்சங்கம் பிரதேசங்கள் , சிறப்பு வரைதல் வசதி , தொகுக்கப்பட்டு மூழ்கும் நிதி , உத்தரவாதம் மீட்பு நிதி ,