WMA Limit for Government of India for the first half of the Financial Year 2021-22
<!-- wp:paragraph --> <p>RBI vide Press Release No. 2020-2021/1337 has decided, in consultation with the Government of India, that the limits for Ways and Means Advances (WMA) for the first half of the financial year 2021-22 (April 2021 to September 2021) will be ₹1,20,000 crore.The RBI also stated that it may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.<br> The interest rate on WMA and overdraft will be:<br> i. WMA: Repo Rate<br> ii.Overdraft: Two percent above the Repo Rate</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>.....