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Govt to take loan from RBI

Infrastructure Finance
November 1, 2013November 1, 2013
Govt to take loan from RBI
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To meet its unexpected expenditure of the Union government, the Reserve Bank of India (RBI) would provide Rs 20,000 crore through its Ways and Means Advances (WMA) window in the second half of the current fiscal. In a statement, RBI said that it has been decided in consultation with the Union government that the limits for WMA for the second half of the financial year 2013-14 (October 2013- March 2014) would be Rs 20,000 crore.

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