Supreme Court Upholds the Constitutionality of Life Sentences Without Remission Until Natural Death  ||  Supreme Court: Service Benefits Can't be Refused Due to Missing ACRs Not Attributable to Employees  ||  Supreme Court: Courts May Grant Lesser Relief under Order VII Rule 7 CPC, But Not a Different Claim  ||  Supreme Court Dismisses Lokpal's Plea Against Delhi HC Order Quashing Probe into Defence Secretary  ||  SC Grants Bail to Two UAPA Accused, Citing 12-Year Incarceration and Violation of Article 21  ||  Madras High Court: Seeking Divorce over Wife's Accidental Hip Injury is Inhumane  ||  Kerala High Court Directs Stronger Audit and Financial Oversight in Guruvayur Devaswom  ||  Madras High Court Directs State and Judiciary to Expedite Rape and POCSO Trials  ||  Karnataka HC Upholds RTO's Power to Cancel Registration Secured by False Documents  ||  Karnataka HC: Bengaluru-Mysuru Corridor Could be Biggest Scam, Farmers Deprived of Land    

Extension of Interim Relaxation in WMA limits and OD Regulations- (Reserve Bank of India) (29 Sep 2020)

MANU/RPRL/0144/2020

Banking

With a view to provide greater comfort to State Governments in undertaking COVID-19 containment and mitigation measures, and to enable them to plan their market borrowings, RBI had announced an increase in WMA limit of the States/UTs by 60% over and above the level as on March 31, 2020, vide its press release dated April 17, 2020.

Further, in order to provide flexibility to State Governments to tide over their cash flow mismatches, the overdraft (OD) regulations were relaxed, with effect from April 7, 2020 wherein it was decided to (a) increase the number of days for which a State/ UT can be in overdraft continuously to 21 working days from 14 working days; and (b) the number of days for which a State/ UT can be in overdraft in a quarter to 50 working days from 36 working days.

Both these relaxations are currently available till September 30, 2020. On a review, it has been decided to extend the above-mentioned measures announced on April 17, 2020 and April 7, 2020 with regard to increase in WMA Limits of States/UTs and OD regulations, respectively, for a further period of 6 months till March 31, 2021. All other stipulations remain unchanged.

Tags : EXTENSION   INTERIM RELAXATION   WMA LIMITS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved