RBI has decided to increase the Ways and Means Advances WMA limit for state governments and union te......

RBI has decided to increase the Ways and Means Advances (WMA) limit for state governments and union territories by ________ percent from April-September 2020.

• For State Government’s WMA, RBI has increased the WMA limit by 30 percent from the existing limit for all States/UTs. It must be noted that every state government has a different WMA limit. 
• The revised limits will come into force with effect from April 1, 2020 and will be valid till September 30, 2020.
• RBI was founded on 1st April 1935,under the RBI Act 1934.
• RBI was Nationlised on 1st Jan. 1949.
• Shaktikanta Das is the present governor of RBI.

By: Rohit Middha