: RBI relaxes overdraft facility norms for States & UTs #FinanceIndia #StockMarketNEWS RBI relaxes overdraft facility norms for States & UTs Mumbai, Apr 7 (KNN) The Reserve Bank of India (RBI) today
@StockMarketNEWS Thu 09 Apr, 2020
RBI relaxes overdraft facility norms for States & UTs #FinanceIndia #StockMarketNEWS
RBI relaxes overdraft facility norms for States & UTs Mumbai, Apr 7 (KNN) The Reserve Bank of India (RBI) today relaxed norms for state governments to avail overdraft facilities for a longer period until September 30 as they are facing cashflow mismatches amid coronavirus outbreak.
The RBI said on a circular that it has permitted "greater space" to state governments/ Union Territories for availing overdraft facilities.
In order to provide greater flexibility to the state governments to tide over their cashflow mismatches, the RBI has increased the number of days for which a state can be in overdraft.
The number of days for which a State/ UT can be in overdraft continuously has been increased to 21 working days from the current stipulation of 14 working days.
Similarly, the number of days for which a State/ UT can be in overdraft in a quarter has been increased to 50 working days from the current 36 working days.
All other stipulations remain unchanged. The new arrangement will come into force with immediate effect and will remain valid till September 30, 2020, the circular added.
Stock Market News & Best Intraday tips & Stocks near support
More posts by @StockMarketNEWS
: CEAI urges govt to declare COVID 19 as a 'Force Majeure' event for all consultancy contracts #FinanceIndia #StockMarketNEWS CEAI urges govt to declare COVID -19 as a 'Force Majeure' event for all
@StockMarketNEWS Thu 09 Apr, 2020
: Govt extends Eway bill validity to April 30 #FinanceIndia #StockMarketNEWS Govt extends E-way bill validity to April 30 New Delhi, Apr 4 (KNN) The government has extended the validity of e-way bills
@StockMarketNEWS Thu 09 Apr, 2020
0 Comments
Sorted by latest first Latest Oldest Best
Stock Exchange charts NSE Stock Exchange BSE Stock Exchange USA Stock Exchange Stock Charts NSE FNO Stock Analysis
MNC.News NASDAQ NSE BSE Money SIP
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © mnc.news2024 All Rights reserved.