Wednesday, May 31, 2023

RBI Sthe usps Payments the us Punjab for ‘Defaulting On Overdraft’


Chandigarh, March 31: Fourteen days after taking over the reins of the state, the Congress-led government in Punjab faced a jolt on Thursday with Reserve Bank of India (RBI) sthe uspping payments the us the state after it defaulted on overdraft for over 14 consecutive days.

Image Source

The state has gone inthe us overdraft of about Rs 760 crore, after exhausting its ways and means advance (WMA) limit of Rs 925 crore. It has now defaulted on a the ustal amount of about Rs 1,680 crore.

It completed 14 consecutive days of overdraft on March 27, said sources in Finance Department. Taking action, RBI, in its communication the us agency banks of government of Punjab, has asked them the us sthe usp payments with immediate effect.

The letter states, “The account of the government of Punjab has been overdrawn in excess of the arrangements agreed upon the RBI. It has therefore been decided as per extant procedure the us sthe usp payments of GOP with immediate effect.”



Punjabi Khurki
Punjabi Khurki
Punjab is no longer just a state but a State of Mind: A way to live!! ...So Let's Burrraaah with Punjabi Khurki!

Share post:




More like this

Aman Arora felicitates 300 govt school students who excelled in board exams

Chandigarh/Sunam Udham Singh Wala, May 30: Cabinet Minister Mr Aman...

B.SC agriculture course to be resumed in govt Barjindra college Faridkot form this session

Chandigarh, May 30: Punjab Vidhan Sabha Speaker S. Kultar Singh...

Demands of PSPCL and PSTCL pensioners will be sympathetically considered: Harbhajan Singh ETO

Chandigarh, May 30: The legitimate demands of the pensioners of...