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Sarvam joins unicorn club; Razorpay lines up IPOFresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5.- Statistical system may get AI overhaul, data to be treated as asset: MoSPI SecyIndia is set to modernize its statistical system. Artificial intelligence will be integrated into official data. A national business regist...
- Delhi government renames Rohini, Dwarka Metro stations; sports complex to be called Atal Khel ParisarIn a bid to pay tribute to outstanding societal leaders, the Delhi government has approved a series of renaming projects. The Rohini West M...
- Govt weighs shift to NDP from GDP as key metric of economyIndia is looking at Net Domestic Product as a key economic indicator. This move aligns with United Nations' SNA 2025 guidelines. NDP accoun...
- Miracle drug kills cancer 20,000x faster, and scientists say it has zero side effectsResearchers have redesigned a common chemotherapy drug into a spherical nucleic acid (SNA), dramatically increasing its potency by 20,000 t...
- 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...
- States all aboard, it'll be an interest saverRecent administrative reforms in centrally sponsored schemes have significantly cut interest payments and contributed to reducing the fisca...
- 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 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...
- 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, ...
- 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...
- 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 ...
- 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...
- 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...
- 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...
- FM Nirmala Sitharaman to launch single nodal agency dashboard on Tuesday"The dashboard depicts releases made to different states by ministries, further releases made by state treasuries to the SNA accounts, expe...
- 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...
- CSO to launch first Time-Use Survey in April next yearA pilot, aiming to capture the way people spend their day, has already been concluded in Gujarat and Bihar. The CSO now plans to extend the...
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