Question
What is the maximum time period given to the states to
repay the Ways and Means Advances extended to them by the RBI?Solution
Ways and Means Advances are extended by the Reserve Bank of India to the states in order to help them meet the temporary mismatch in the cash flow. The states can repay the advance within a maximum period of 90 days. There is no such facility given to the central government by the central bank. WMA is guided by the Section 17(5) of the RBI Act 1934.
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No sooner had Kavya started her ...
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Everybody stared / when me / en...
Indore was one of the prominent musical centres in the 18thcentury with huge patronage from the Holkar Court before being replaced by the Awa...
While this can be seen as a natural outcoming of the Maldives’ development plans, there are reasons for India to worry.Â
...
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