MUMBAI : Reserve Bank of India (RBI) on Tuesday relaxed the norms for state governments facing short-term mismatches by extending the overdraft facility for a longer period of time until 30 September.

This is the second time in seven days that RBI has relaxed states' ability to borrow, after increasing their ability to borrow short-term loans on 31 March.

In a circular, the RBI said that the number of days for which a state or Union territory can avail of overdraft facility has been extended to 21 working days from the current 14 days.

Similarly, the number of days for which a State/UT can be in overdraft in a quarter has been eased to 50 working days from the current 36 working days. “Increasing overdraft facility to 21 days from 14 days

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
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