Monetization: GK, Current Affairs, Questions, Trivia and News

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.

Government denies intentions to demonetise 100 and 50 rupee notes

The union government has categorically said that it has no intention to demonetise Rs 100 and Rs 50 notes to dispel rumours which are making rounds in various platforms like social media. It has issued a series of tweets to dispel the myths. Key announcements It has no intention to demonetise Rs 100 and Rs ..