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RBI gives States longer overdraft period to meet cash-flow mismatches
short by Anushka Dixit / on Tuesday, 7 April, 2020
To give state governments flexibility to tide over cash-flow mismatches the RBI has extended the number of days for which States/UTs can be in overdraft continuously to 21 working days, from 14 days. Further, 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.