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India central bank recommends raising state government advance limits
Original: India central bank recommends raising advances limits for state governments
India's central bank has recommended raising the limits on advances it can extend to state governments, a move that would give states greater short-term access to funds. The recommendation, reported by Reuters, affects how much cash state governments can borrow from the Reserve Bank to bridge gaps between receipts and spending.
Why now: The proposal has implications for state finances and fiscal flexibility, drawing attention from economists and policymakers.
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Evidence
- India central bank recommends raising advances limits for state governments · 95 KQDS
- India central bank recommends raising advances limits for state governments · reuters.com
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