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State raised over ₹36K cr from RBI in 7 months for running expenses
The New Indian Express Hyderabad
|December 29, 2024
TO meet its day-to-day expenses, the state government is continuing to depend on Overdrafts (OD), Ways and Means Advances (WMA), and Special Drawing Facility (SDF) from the Reserve Bank of India (RBI).
In the first seven months of this financial year—April 1 to October 31, 2024—the government raised ₹36,200.65 crore through these avenues.
As per RBI data, from April 1 to the end of October this year, the state government raised ₹9190.97 crore through WMA, a facility allowed by the RBI to states for meeting temporary cash mismatches.
This story is from the December 29, 2024 edition of The New Indian Express Hyderabad.
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