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- Q7976853 subject Q6158514.
- Q7976853 subject Q7045633.
- Q7976853 subject Q8495972.
- Q7976853 subject Q8655551.
- Q7976853 abstract "Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy by which provides to the States banking with it to help them to tide over temporary mismatches in the cash flow of their receipts and payments. This is guided under Section 17(5) of RBI Act, 1934, and are '..repayable in each case not later than three months from the date of making that advance'.There are two types of WMA – normal and special. While Normal WMA are clean advances, Special WMA are secured advances provided against the pledge of government of India–dated securities. The operative limit for special WMA for a state is subject to its holdings of central government dated securities up to a maximum of limit sanctioned. In addition, the RBI has determined limits for normal and special WMA for each state as multiples of the prescribed minimum balance required to be maintained with the RBI by that state. These limits have been revised periodically.These are temporary advances (overdrafts) extended by RBI to the govt. Section 17(5) of RBI Act allows RBI to make WMA both to the Central and State Govt.Objective – to bridge the interval between expenditure and receipts. They are not a sources of finance but are meant to provide support, for purely temporary difficulties that arise on account of mismatch/shortfall in revenue or other receipts for meeting the govt. liabilities. They have to be periodically adjusted to enable use of such financing for future mismatches.On 26 March 1997, Govt. of India and RBI signed an agreement putting the ad hoc T-bills system to end w.e.f 1 April 1997.".
- Q7976853 wikiPageExternalLink PublicationReportDetails.aspx?UrlPage=&ID=6.
- Q7976853 wikiPageWikiLink Q1047513.
- Q7976853 wikiPageWikiLink Q1129100.
- Q7976853 wikiPageWikiLink Q179179.
- Q7976853 wikiPageWikiLink Q182076.
- Q7976853 wikiPageWikiLink Q191891.
- Q7976853 wikiPageWikiLink Q2767140.
- Q7976853 wikiPageWikiLink Q43015.
- Q7976853 wikiPageWikiLink Q6158514.
- Q7976853 wikiPageWikiLink Q7045633.
- Q7976853 wikiPageWikiLink Q848378.
- Q7976853 wikiPageWikiLink Q8495972.
- Q7976853 wikiPageWikiLink Q850210.
- Q7976853 wikiPageWikiLink Q8655551.
- Q7976853 wikiPageWikiLink Q944085.
- Q7976853 comment "Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy by which provides to the States banking with it to help them to tide over temporary mismatches in the cash flow of their receipts and payments. This is guided under Section 17(5) of RBI Act, 1934, and are '..repayable in each case not later than three months from the date of making that advance'.There are two types of WMA – normal and special.".
- Q7976853 label "Ways and means advances".