RBI raises limit on ways and means advances, but states aren't impressed

Ways and means advances (WMAs) are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.

The Reserve Bank of India (RBI) on Friday raised the limit of ways and means advances (WMAs) to states, which are, however, none too impressed by the move because it falls short of their requirements. 
 

WMAs are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.  These are given at the repo rate, which is 4.40 per cent.

The RBI increased the limit by 60 per cent above the level as of March 31, 2020. 

This new limit is available till September 30, 2020. Earlier, it had raised the same limit by 30 per