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SNA SPARSH
Funding unspent is spending deniedThe Indian government is set to save up to ₹75,000 crore this fiscal year. This saving comes from ministries and welfare schemes not spendi...- Centre eases norms for states to avail capex loansThe Centre has relaxed loan conditions for states' capital expenditure. A larger portion of funds is now untied, offering states more proje...
- From November 1, funds for all central schemes to come via 'Sparsh'The Finance Ministry has mandated all departments and states to adopt the 'Sparsh' SNA system for Centrally Sponsored Schemes by October 31...
- From upcoming financial year onwards, all schemes' funds must flow via single nodal agency: FM SitharamanFinance Minister Nirmala Sitharaman has instructed the Department of Expenditure to route all funding for schemes through a single nodal ag...
- FM Sitharaman asks civil accounts officers to make Govt's annual accounts more user-friendlyFinance Minister Nirmala Sitharaman urged civil accounts services officials to simplify annual government accounts to make them more access...
- Govt's cash balance surges, banks starveThe ongoing general elections have led to a surplus in government cash balances, impacting the banking sector due to reduced spending. The ...
- Govt's JIT plan for cash flows may trigger reset of liquidity variableIndian lenders adapt to JIT tool with SNA 'SPARSH' for timely fund releases, impacting liquidity in state schemes. RBI utilizes e-Kuber for...
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