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RBI recommends raising advances limits for Indian state governments
Original: India central bank recommends raising advances limits for state governments
India's central bank has recommended increasing the limits on advances it provides to state governments. The move would raise the short-term funding available to states for managing their cash flows. Details on the size of the increase and the reasoning have not yet been made clear, and officials have not commented further on the proposal's timing.
Why now: The central bank's fresh recommendation on state borrowing limits has direct fiscal implications for Indian state finances.
Reserve Bank of IndiaIndiastate governments
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