Govt overdraft from RBI hints at worries on finances

The Ways and Means Advances, or WMA, is a facility that allows the Centre to borrow from the Reserve Bank of India (RBI) and meet payment obligations in the event of cash-flow mismatches. Simultaneously, increasing reliance on the WMA in the peak revenue reason doesn’t paint a pretty picture of government finances.

from Banking/Finance-Industry-Economic Times https://ift.tt/38ozisU