Ways and Means Advances
On 17th April, 2020, the Reserve Bank of India (RBI), announced a 60% increase in the Ways and Means Advances (WMA) limit of state governments over and above the level as on March 31,2020,with a view to enabling them “to undertake COVID-19 containment and mitigation efforts” and “to better plan their market borrowings”.
About WMA
- Simply put, it is a facility for both the Centre and states to borrow from the RBI.
- These borrowings are meant purely to help them to tide over temporary mismatches in cash flows of their receipts and expenditures. In that sense, they aren’t a source ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 India Elected to GloBE Steering Committee
- 2 India Abstains from UN General Assembly Vote on Resolution
- 3 India-Uzbekistan Bilateral Investment Treaty
- 4 World Employment and Social Outlook
- 5 India and EU Boost Defence and Security Cooperation
- 6 Hezbollah-Israel Conflict
- 7 Salt Pan Land Transfer
- 8 Karvi Bloom
- 9 New Banded Dragonfish Species Discovered
- 10 Carrhotus piperus
News Snippets
- 1 MHRD Launches “Samadhan" Challenge to Fight Against COVID-19 & Fu-ture Challenges
- 2 Governor’s Rule Imposed in Assam’s Bodoland Territorial Area Districts
- 3 Human-Rights Body Seeks Relief for Starving Chakmas and Hajongs
- 4 World Bank’s April 2020 Commodity Markets Outlook Released
- 5 Global Report on Food Crises 2020
- 6 BRO Constructs Bridge on Subansiri River in Record Time
- 7 New Development Bank Provides 1 billion USD Financial Assistance to India
- 8 India Attends G20 Finance Ministerial Meeting
- 9 Biofortified Carrot Variety
- 10 Kisan Rath Mobile App
- 11 Online Platform for Issuance of Certificate of Origin
- 12 Unravelling the Bacterial Surface Architecture
- 13 DRDO Develops First Mobile Testing Lab for COVID-19
- 14 CSIR-CSIO Develops Electrostatic Disinfection Technology
- 15 INST Designs Computer-based Nanomaterials
- 16 Lithium Abundance in Interstellar Space & Red Giants
- 17 Demo 2 Mission
- 18 Geofencing
- 19 Government Guidelines on Temp & Humidity
- 20 UV Disinfection Trolley
- 21 Environmental Impact Assessment Amended by Environment Ministry
- 22 NGT Directs Team of Centre, CPCB to Supervise Scientific Disposal of COVID-19 Waste
- 23 Groundwater in Ten Districts of Bihar Contaminated by Uranium
- 24 Earth Day Celebrated On April 22
