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The government has introduced a new fund flow mechanism for Centrally Sponsored Schemes (CSS) to enhance efficiency and reduce delays.
Ministries can now issue 'mother sanctions' – consolidated approvals for multiple CSS and amounts – offering greater flexibility.
The revised Standard Operating Procedure was issued by the Controller General of Accounts (CGA) under the Union Finance Ministry.
The mechanism, effective from April 1, aims to improve fund utilization and transparency, impacting schemes worth ₹5 trillion annually.
CSS are development programs funded jointly by the Central Government and State Governments, but implemented by the states. They typically cover subjects listed in the State List or Concurrent List of the Seventh Schedule of the Constitution. The funding pattern varies, with a common ratio being 60:40 for most states and 90:10 for special category states like those in the Northeast and Himalayan regions.
Simple Analogy: Imagine a big family (Centre) and several smaller families (States) deciding to build a common playground (scheme). The big family contributes most of the money, but the smaller families are responsible for actually building and maintaining it, with some financial contribution from their side too.
Principal accounting advisor to the Government of India. Responsible for establishing and maintaining a technically sound management accounting system, preparing accounts of the Union Government, and administering the Public Financial Management System (PFMS).
A department under the Ministry of Finance, Government of India. It is the nodal department for overseeing the public financial management system in the Central Government and matters connected with the finances of the States.
The mechanism directly impacts financial relations and fund transfers between the Union and State governments.
It is a reform aimed at improving the efficiency and transparency of government spending and resource utilization.
Leverages digital platforms like PFMS and SNA SPARSH for real-time tracking and fund management.
The improved fund flow will directly benefit the implementation of major welfare schemes like Jal Jeevan Mission, PM Awas Yojana, and National Health Mission.
GS-II: Functions and responsibilities of the Union and the States, issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein. GS-III: Government Budgeting, Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
General Awareness: Indian Economy, Government Schemes, Important Bodies.
General Awareness: Indian Economy, Government Schemes, Financial Institutions.
General Awareness: Indian Economy, Government Schemes.
General Awareness: Current Affairs, Indian Economy.
In which one of the following regions was Dhanyakataka, which flourished as a prominent Buddhist centre under the Mahasanghikas, located?
Answer: Andhra
With reference to the proposals of Cripps Mission, consider the following statements: 1. The Constituent Assembly would have members nominated by the Provincial Assemblies as well as the Princely States. 2. Any Province, which is not prepared to accept the new Constitution would have the right to sign a separate agreement with Britain regarding its future status. Which of the statements given above is/are correct?
Answer: 2 only
With reference to Indian history, consider the following statements: 1. The first Mongol invasion of India happened during the reign of Jalal-ud-din Khalji. 2. During the reign of Ala-ud-din Khalji, one Mongol assault marched up to Delhi and besieged the city. 3. Muhammad-bin-Tughlaq temporarily lost portions of north-west of his kingdom to Mongols. Which of the statements given above is/are correct?
Answer: 2 and 3 only
High for government schemes, public finance, and governance reforms.
Consolidated approvals issued by ministries for multiple Centrally Sponsored Schemes and amounts in one go.
Development programs jointly funded by the Centre and States, implemented by states.
A digital platform managed by CGA for direct fund transfer and real-time utilization tracking.
Single Nodal Agency Samyochit Pranali Ekikrit Shighra Hastantaran, a module of PFMS for just-in-time fund release.