Ways and Means Advances(WMA) Limits for Oct 2016-Mar 2017 fixed at INR 25,000 crore
It has been decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the second half of the financial year 2016-17 (October 2016 – March 2017) will be INR 25,000 crore.
The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.
The Reserve Bank retains the flexibility to revise the limits at any time, in consultation with the Government of India, taking into consideration the prevailing circumstances.
Source: RBI Press Release # 2016-2017/828 Dated 30th September 2016
Labels: Ways and Means Advances (WMA)