May 28, 2024
Why in News ? The Finance Minister Nirmala Sitharaman ahs recently said that the government has so far achieved savings of more than 25,500 crore through the treasury savings account (TSA) and the single nodal agency (SNA) bank accounts.
What is Treasury Savings Account (TSA)?
Function:
Benefits:
Saves Money: The Indian government has reportedly saved over Rs. 25,500 crore through TSAs by eliminating idle funds.
Improves Efficiency: TSAs promote better financial management by ensuring funds are readily available when needed.
Overall Impact:
What is Single Nodal Agency (SNA) ?
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