RBI to reform Ways and Means Advances for States
Reserve Bank of India has proposed an approach to reform new Ways and Means Advances (WMA) limits for the state governments, which will further replace the previous expenditure-based system. It will establish a panel to recommend parameters of the new system which is aimed to prevent automatic monetisation of deficits.
Originally written on
March 22, 2019
and last modified on
March 22, 2019.
Tags: RBI, Reserve Bank of India