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The panel proposed increasing the aggregate ways and means advances limit to 678.39 billion rupees from 610.08 billion, and recommended steps on state cash management, CSF withdrawals and overdraft discipline.
India's central bank-appointed panel on Tuesday proposed raising the aggregate ways and means advances limit for state governments to 678.39 billion rupees ($7.07 billion) from the current 610.08 billion rupees, while recommending measures to strengthen states' cash management practices.Here are th…