TNPSC Thervupettagam

Ways and Means Advances

October 1 , 2021 1127 days 818 0
  • The Reserve bank of India has set the limit for Ways and Means Advances (WMA) for the second half of the financial year 2021-22 i.e. October 2021 to March 2022.
  • It is Rs. 50,000 crores.
  • The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.
  • The Reserve Bank retains the flexibility to revise the limit at any time, in consultation with the Government of India, taking into consideration the prevailing circumstances.

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