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My thread below on robust Current Account Surplus numbers for June'20 qtr indicate,how for 2 quarters in a row,India under @narendramodi govt has reported a surplus for 1st time in over 12 yrs💪
Do note,under @INCIndia,India's Current Account Deficit was a perilous,4.8% in 2013
Do note,under @INCIndia,India's Current Account Deficit was a perilous,4.8% in 2013
When States like Kerala whined about lack of funds,it was big news
What should be BIG news is,@narendramodi govt has extended Overdraft& borrowing via #WMA for States,till March2021
Note:On 17thApril'20,RBI had raised WMA by 60% for States,to tide over #Covid related exigencies
What should be BIG news is,@narendramodi govt has extended Overdraft& borrowing via #WMA for States,till March2021
Note:On 17thApril'20,RBI had raised WMA by 60% for States,to tide over #Covid related exigencies
Also,in a proactive move, @narendramodi gov has raised number of #Overdraft days from 36 to 50,in a qtr,for all States&UTs
States&UTs can remain in Overdraft mode continuously for 21 days,Vs the earlier,14 days
This leeway will help States facing Revenue Deficit,due to #Covid
States&UTs can remain in Overdraft mode continuously for 21 days,Vs the earlier,14 days
This leeway will help States facing Revenue Deficit,due to #Covid
