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{"id":228103,"date":"2020-04-09T17:30:22","date_gmt":"2020-04-09T12:00:22","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=228103"},"modified":"2020-04-09T15:52:59","modified_gmt":"2020-04-09T10:22:59","slug":"rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities","status":"publish","type":"post","link":"https:\/\/blog.scconline.gen.in\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/","title":{"rendered":"RBI permits greater space to State Governments\/ UTs for availing overdraft facilities"},"content":{"rendered":"\n
Tweet<\/a><\/div>\n

In order to provide greater flexibility to the State Governments to tide over their cashflow mismatches, RBI, on a review, has decided to:<\/p>\n

    \n
  1. increase the number of days for which a State\/ UT can be in overdraft continuously to 21 working days from the current stipulation of 14 working days.<\/span><\/li>\n
  2. 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 stipulation of 36 working days.<\/span><\/li>\n<\/ol>\n

    All other stipulations remain unchanged.<\/p>\n

    This arrangement will come into force with immediate effect and will remain valid till September 30, 2020.<\/p>\n

    \n

    Reserve Bank of India<\/strong><\/p>\n

    [Press Release dt. 07-04-2020]<\/p>\n","protected":false},"excerpt":{"rendered":"

    In order to provide greater flexibility to the State Governments to tide over their cashflow mismatches, RBI, on a review, has decided <\/p>\n","protected":false},"author":8808,"featured_media":108551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2,1193],"tags":[40600,40599,39159,31708],"class_list":["post-228103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","category-notifications","tag-cashflow-mismatches","tag-overdraft-facilities","tag-state-governments","tag-union-territories"],"yoast_head":"\nRBI permits greater space to State Governments\/ UTs for availing overdraft facilities | SCC 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