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SINGLE NODAL ACCOUNT
India needs to build $120-$150 billion semiconductor value chain: NITI AayogIn its report ‘Future of India’s Semiconductor Industry’, released on Friday, the Aayog has proposed establishing an autonomous national se...- What running a business in India actually looks like: Nightmare of CEOs these days is conversion of commercial disputes into criminal casesA corporate crisis manager describes how business disputes in India are increasingly being turned into criminal cases, exposing executives ...
- Single-window system, project dashboard accelerate industrialisation in Odisha: IPICOL MDReforms streamline processes without diluting safeguards, says Aboli Sunil Naravane, MD, IPICOL
- 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...
- Unspent Central funds to states to be settled in real time from Apr 1Starting April 1, the settlement of unspent funds from the Centre to states through the single nodal agency (SNA) will occur within a day, ...
- Will Paytm FASTag work beyond the March 15 deadline as Paytm shifts nodal account to Axis Bank?Paytm FASTag: As of February 22, 2024 existing FASTags of Paytm would work post March 15, 2024 but they cannot be topped up with money. So ...
- All ministries, departments to be on E-bill platform by March 2024The finance secretary cited the example of how data analytics had helped the Centre to detect that some states were parking money from a si...
- Fund diversion not possible in centrally-sponsored schemes: Bengal officialsIf the state government does not put a matching share of central funds within 40 days of the credit of central funds in the Single Nodal Ac...
- Banks told to have nodal officers to assist trade settlement in Rupee"The government wants that banks proactively encourage traders to use this mechanism, and ensure their departments concerned are fully awar...
- Finance min's central nodal agency model: Best value realisation of taxpayers' moneyIn the last two years, the finance ministry has ushered in a set of public financial management reforms that aim at better cash management ...
- Unused budgeted funds may lead to ₹80,000 crore savings for CentreThe savings of over 2% on the ₹39.4 lakh crore budget gives the government some fiscal room to absorb any additional demand, helping it sta...
- Payment aggregators to approach RBI seeking reliefThe aggregators and their lobby group Fintech Association for Consumer Empowerment (FACE) are seeking a relaxation of these norms, which je...
- Single Nodal Account dashboard to make governance more transparent, realise better value of every rupee spent: FM SitharamanSpeaking at the event, Sitharaman said about Rs 4.46 lakh crore gets transferred to states by way of Centrally Sponsored Schemes and SNA wo...
- Money for 100% central schemes likely to go directly to beneficiaries from AprilAt present, funds for schemes are drawn by the concerned ministry from the RBI and transferred to the state treasury. It then moves to the ...
- 845 kids orphaned during pandemic approved for benefits of PM-CARES for Children scheme: OfficialThe ministry has come out with guidelines for the scheme in which responsibilities at all the levels have been fixed. Ministry of Women and...
- 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...
- 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...
- Plea for changes in Odisha's draft Industrial Policy Resolution 2015UCCI President Ramesh Mohapatra underscored the importance of setting timeframe for clearance which is not specified in the draft policy.
- Exporters won't need multiple accounts to get drawbackThe government is all set to do away with rules requiring exporters to open bank accounts at every port or airport from which they export i...
- Finmin proposes nodal dept for servicesThe Finance Ministry has proposed to set up a nodal department in the ministry for services.
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