Financial Daily from THE HINDU group of publications
Thursday, Mar 31, 2005
Financial Daily from THE HINDU group of publications Thursday, Mar 31, 2005 |
|
|
|
|
|
Money & Banking
-
RBI & Other Central Banks WMA of States hiked by 9.77 pc Our Bureau
Mumbai , March 30 THE Reserve Bank of India has revised the aggregate normal Ways and Means Advances of State Governments upwards by 9.77 per cent, effective April 1. The WMA of the State Governments will increase by Rs 795 crore to Rs 8,935 core, against the present limitof Rs 8,140 crore, said an RBI press release. The minimum normal WMA limit is Rs 50 crore for any State. These revised limits have been computed by taking into account the average of revenue receipts for the fiscal years 2001-2002, 2002-2003 and 2003-2004 and then applying to this average, a multiplication factor of 3.19 per cent for the non-special category States and 3.84 per cent for the special category States, respectively as recommended by the Advisory Committee on Ways and Means Advances to State Governments (Ramchandran Committee), the release said. The other features of the WMA and Overdraft Scheme 2003 will remain unchanged.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|