{"id":7401,"date":"2020-04-04T15:28:29","date_gmt":"2020-04-04T09:58:29","guid":{"rendered":"https:\/\/triumphias.com\/blog\/?p=7401"},"modified":"2020-04-04T15:28:29","modified_gmt":"2020-04-04T09:58:29","slug":"ways-and-means-advances","status":"publish","type":"post","link":"https:\/\/triumphias.com\/blog\/ways-and-means-advances\/","title":{"rendered":"Ways and Means Advances"},"content":{"rendered":"<section class=\"hero-section\" data-type=\"type-1\" data-alignment=\"left\">\n<header class=\"entry-header\"><strong>Relevance: Prelims: Economy<\/strong><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/image.slidesharecdn.com\/waysandmeansadvances-170405104126\/95\/ways-and-means-advances-to-state-governmentsan-indian-experience-5-638.jpg?cb=1491389093\" alt=\"Ways and Means Advances to State Governments-An Indian experience\" \/><\/p>\n<\/header>\n<\/section>\n<div class=\"entry-content\">\n<p><strong>Why in news?<\/strong><\/p>\n<p>\u2022 The government increased the ceiling on its temporary loan facility with the Reserve Bank of India \u2014 known as Ways and Means Advance (WMA) \u2014 by 60 per cent to tide over the cash flow mismatch in FY21 expected from higher spending to combat the spread of COVID-19.<\/p>\n<p><b>About:<\/b><\/p>\n<p>\u2022 Answering a query on whether the Centre will issue securities directly to the RBI to finance COVID-19 related extra spending, he said: \u201cCertainly, that\u2019s not in the borrowing plan.\u201d<\/p>\n<p>\u2022 The WMA facility enables the government to take a temporary short term loan from the central bank, mainly to address the mismatch between its inflow of revenues and outflow of expenditure.<\/p>\n<p>\u2022 A higher limit provides the government flexibility to raise funds from RBI without borrowing them from the market.<\/p>\n<p>\u2022 The government will do \u201cwhatever is required\u201d for poor and vulnerable sections and for the resurgence of the industry, Chakraborty said, without specifying whether the fiscal deficit target for 2020-21 will be breached or not.<\/p>\n<p>\u2022 The government has announced a Rs 1.7 lakh crore package to provide income support, free food and other facilities to the poor to help them during the 21-day national lockdown.<\/p>\n<\/div>\n<p><span style=\"color: #0000ff;\"><strong>For more such notes, Articles, News &amp; Views Join our Telegram Channel.<\/strong><\/span><\/p>\n<p><a title=\"Telegram Link\" href=\"https:\/\/t.me\/triumphias\" target=\"_blank\"><strong>https:\/\/t.me\/triumphias<\/strong><\/a><\/p>\n<p><strong><span style=\"color: #0000ff;\">Click the link below to see the details about the UPSC \u2013Civils courses offered by Triumph IAS. <\/span><a title=\"Courses available\" href=\"https:\/\/triumphias.com\/pages-all-courses.php\">https:\/\/triumphias.com\/pages-all-courses.php<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relevance: Prelims: Economy Why in news? \u2022 The government increased the ceiling on its temporary loan facility with the Reserve<\/p>\n","protected":false},"author":1,"featured_media":7214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[123],"tags":[392],"class_list":["post-7401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-union-public-service-commission-upsc"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/comments?post=7401"}],"version-history":[{"count":1,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7401\/revisions"}],"predecessor-version":[{"id":7402,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7401\/revisions\/7402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media\/7214"}],"wp:attachment":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media?parent=7401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/categories?post=7401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/tags?post=7401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}