{"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:\/\/www.scconline.com\/blog\/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":"

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_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 Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI permits greater space to State Governments\/ UTs for availing overdraft facilities\" \/>\n<meta property=\"og:description\" content=\"In order to provide greater flexibility to the State Governments to tide over their cashflow mismatches, RBI, on a review, has decided\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-09T12:00:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/\"},\"author\":{\"name\":\"Bhumika Indulia\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"headline\":\"RBI permits greater space to State Governments\\\/ UTs for availing overdraft facilities\",\"datePublished\":\"2020-04-09T12:00:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/\"},\"wordCount\":118,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/02\\\/RBI-3.jpg\",\"keywords\":[\"Cashflow Mismatches\",\"overdraft facilities\",\"State Governments\",\"Union Territories\"],\"articleSection\":[\"Business News\",\"News\",\"Notifications\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/\",\"name\":\"RBI permits greater space to State Governments\\\/ UTs for availing overdraft facilities | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/02\\\/RBI-3.jpg\",\"datePublished\":\"2020-04-09T12:00:22+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/02\\\/RBI-3.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/02\\\/RBI-3.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/09\\\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBI permits greater space to State Governments\\\/ UTs for availing overdraft facilities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_1\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RBI permits greater space to State Governments\/ UTs for availing overdraft facilities | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/","og_locale":"en_US","og_type":"article","og_title":"RBI permits greater space to State Governments\/ UTs for availing overdraft facilities","og_description":"In order to provide greater flexibility to the State Governments to tide over their cashflow mismatches, RBI, on a review, has decided","og_url":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2020-04-09T12:00:22+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/"},"author":{"name":"Bhumika Indulia","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"headline":"RBI permits greater space to State Governments\/ UTs for availing overdraft facilities","datePublished":"2020-04-09T12:00:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/"},"wordCount":118,"commentCount":0,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg","keywords":["Cashflow Mismatches","overdraft facilities","State Governments","Union Territories"],"articleSection":["Business News","News","Notifications"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/","url":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/","name":"RBI permits greater space to State Governments\/ UTs for availing overdraft facilities | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg","datePublished":"2020-04-09T12:00:22+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/09\/rbi-permits-greater-space-to-state-governments-uts-for-availing-overdraft-facilities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"RBI permits greater space to State Governments\/ UTs for availing overdraft facilities"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/228103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=228103"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/228103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/108551"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=228103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=228103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=228103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}