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Financial accommodation for States/UTs
July 4 , 2024
2 hrs 0 min
14
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- The aggregate ways and means advances (WMA) limit for State governments/ Union Territories (UTs) has been upped to ₹60,118 crore.
- The existing limit was ₹47,010 crore.
- The revised WMA limit is effective from July 1.
- The WMA aims to help states to tide over temporary mismatches in the cash flow of their receipts and payments.
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