RBI increases WMAs for states to ₹32,225 crore
The RBI has increased the Ways and Means Advances (WMAs) for all states to ₹32,225 crore per year compared to the earlier ₹15,360 allotted for the current and the next financial year. The Reserve Bank, through the WMA, provides financial accommodation to the states to meet any temporary mismatches in the cash flow of their payments and receipts. 