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CSS FUNDS
Delayed spending by states may help govt save Rs 30,000 cr this FYThe Centre anticipates saving ₹30,000 crore in centrally sponsored schemes this fiscal year due to delayed state spending and improved moni...04 Dec, 2024, 12.31 AM IST- Over Rs 63,000 cr released to Andhra Pradesh under CSS in last 5 years: CentreThe central government has disbursed over Rs 63,000 crore to Andhra Pradesh under various centrally sponsored schemes over the past five ye...22 Jul, 2024, 03.25 PM IST
- Centre tightens fund flow rulebook for CSS schemes; brings penal interest clauseAny delay beyond 30 days would attract a 'penal interest' of 7 per cent per annum. This 'penal interest' by a state that delays prescribed ...12 Apr, 2023, 09.02 PM IST
- Park grants in nodal A/C or they'll be put back in Consolidated Fund, states toldUnion ministries have shot off a flurry of communication to the chief secretaries of several states last week, warning that failure to tran...26 Jul, 2022, 12.14 AM IST
- How to revolutionise fiscal transfers from the Centre to statesAs no time limit was prescribed for release of funds from state treasuries to implementing agencies (IAs), the fund transfer was based on l...07 Jun, 2022, 12.35 AM IST
- SBI rejects Andhra Pradesh government's Rs 6,500 crore overdraftWith its coffers completely dry, the state government sought the overdraft to be used as working capital by five nodal implementing agencie...30 Sep, 2021, 01.20 PM IST
- Centre tightens rules of grants, ropes in RBI for disbursal of funds to statesOver the years, Centrally Sponsored Schemes had become one of the largest financial outgo for the Centre and several committees and finance...31 Mar, 2021, 07.11 AM IST
- Apax Partners, other PEs in talks to buy CSSA clutch of private equity funds, including Apax Partners and Kedaara Capital, are in early stages of discussions to acquire US-headquarter...20 Feb, 2020, 10.34 AM IST
- Centre to come out with formula for fund distribution for centrally sponsored schemesNITI Aayog has written to secretaries of central ministries calling for prompt action to develop an objective formula for distribution of C...06 Feb, 2016, 11.38 AM IST
- CMs panel for reducing number of CSS, hiking flexi fund to 25%Chief Ministers' panel constituted by NITI Aayog to rationalise centrally sponsored schemes has made a case for reduction of their number a...27 Oct, 2015, 11.32 PM IST
- Tarun Gogoi concerned over restructuring of Centre's social schemesThe central government is considering the restructuring of the CSS, which after careful examination were redesigned and restructured in Jun...15 May, 2015, 06.01 PM IST
- CMs panel working on reducing centrally sponsored schemesAfter firming up its recommendations on the CSS, the sub- group of Chief Ministers under NITI Aayog will finalise its report and submit it ...27 Apr, 2015, 04.48 PM IST
- Centre to soon finalise new fund sharing pattern with statesSo far, the Centre has been contributing up to 90% to the centrally-sponsored schemes (CSS), depending on the schemes and the states.28 Mar, 2015, 04.00 AM IST
- 1st meet of NITI Aayog's panel on CSS to be postponed to AprilThe meeting of the sub-group, comprising 11 chief ministers was called to deliberate on further rationalisation of the CSS to make them mor...23 Mar, 2015, 06.44 PM IST
- Scope for reduction in number of central schemes: Planning CommissionGovernment can explore the possibility of further reducing number of centrally sponsored schemes (CSS) as well as changing design, accordin...22 Jun, 2014, 12.19 PM IST
- Cabinet likely to approve merging central schemes tomorrowThe Union Cabinet would consider tomorrow the proposal to merge the 147 Centrally Sponsored Schemes (CSS) into 70 across various sectors19 Jun, 2013, 08.32 PM IST
- GoM nod for merging of 147 central schemes to 70It has approved setting up of a flexi-funds system in each scheme, under which state governments can use 10 per cent of the Budget allocate...23 May, 2013, 03.35 PM IST
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