The Reserve Bank of India has published a report by an advisory committee on ways and means advances to state governments, chaired by I S N Prasad, former Additional Chief Secretary of Karnataka government. The committee made various recommendations which will be examined by the RBI.
The Reserve Bank of India (RBI) has released the Report of the Advisory Committee on Ways and Means Advances (WMA) to State Governments. This report was prepared under the chairmanship of Shri I S N Prasad, a former Additional Chief Secretary of the Government of Karnataka.
The terms of reference for this advisory committee included reviewing state-wise WMA limits and other financial accommodation facilities available to the states. The Reserve Bank had constituted this Advisory Committee, under the Chairmanship of Shri I S N Prasad, former Additional Chief Secretary, Government of Karnataka.
The Committee has made various recommendations which shall be examined by the Reserve Bank. These recommendations could potentially impact the financial management of state governments.
Source:
Reserve Bank of India
