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Centre’s Borrowing From RBI’s WMA Window Spikes But States Stay Away
While the centre has stepped up recourse to this funding window, states have stayed away.
30 Apr 2020, 11:31 AM IST
The central government is increasingly tapping the short-term borrowing window offered by the Reserve Bank of India, even though state governments have stayed away.The limit for 90-day borrowings under the RBI’s Ways and Means Advances window was recently raised to Rs 2 lakh crore for the central government and to above Rs 50,000 crore for state governments. Ways and Means Advances are short-term borrowings used for the purpose of ca...
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