States Can Borrow Over Rs 50,000 Crore Via RBI’s ‘Ways And Means Advances’

States Can Borrow Over Rs 50,000 Crore Via RBI’s ‘Ways And Means Advances’

The Reserve Bank of India will provide more short term financing to state governments, which have seen expenses surge and revenues dry up due to a 40-day nationwide lockdown.The lockdown was announ...
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