The Reserve Bank of India has set the limit for Ways and Means Advances (WMA) for the Central Government for the first half of the financial year 2022-23 (April 2022 to September 2022) at Rs. 1,50,000 crore.
They were instituted to recognize the extraordinary work done by Districts/implementing units and Central/State organisations for the welfare of common citizens.
The International Monetary Fund (IMF) has slashed the gross domestic product (GDP) growth forecast for India in FY23 to 8.2 percent in its latest World Economic Outlook report, released.
World merchandise trade volume is expected to grow 3.0% in 2022 (down from 4.7% previously) and 3.4% in 2023, but these figures may be subject to revision due to uncertainty about the course of the conflict in Ukraine.
EXAMIANS