Sign In
Learn bits
Economy
Mahesh

07/06/22 08:31 AM IST

Single Nodal Agency (SNA) Dashboard

In News 
  • Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to launch of Single Nodal Agency (SNA) Dashboard during the Iconic Week Celebrations of  Azadi Ka Amrit Mahotsav celebrations of Ministry of Finance, in New Delhi.
About the Dashboard
  • The SNA Dashboard forms part of a major public financial management reform that was initiated in 2021 with regards to the manner in which funds for Centrally Sponsored Schemes (CSS) are released, disbursed and monitored.
  • This revised procedure, now referred to as the SNA model, requires each State to identify and designate a SNA for every scheme.
  • All funds for that State in a particular scheme will be credited in this bank account, and all expenses will be made by all other Implementing Agencies involved from this account.
  • The SNA model, therefore, ensures that allocation of funds to States for the CSS are made in a timely manner and after meeting various stipulations.
  • The Dashboard depicts releases made to different States by Ministries, further releases made by State Treasuries to the SNA accounts, expenditure reported by the agencies, interest paid by banks to SNA accounts etc. in intelligible, informative and visually appealing graphics.
  • The programme will also have presentations on ‘Best Practices in Cash Management through SNA and Treasury Single Account (TSA)’.
Source- PIB 

More Related Current Affairs View All

21 Aug

Promotion and Regulation of Online Gaming Bill, 2025

'The Lok Sabha recently passed the Promotion and Regulation of Online Gaming Bill 2025.' The bill encourages e-sports and online social games while prohibiting harmful online mo

Read More

21 Aug

Union Home and Cooperation Minister Shri Amit Shah introduces the Constitution (One Hundred and Thirtieth Amendment) Bill, 2025

'Union Home Minister and Minister of Cooperation, Shri Amit Shah  introduced the Constitution (One Hundred and Thirtieth Amendment) Bill, 2025, the Union Territories (Amendmen

Read More

20 Aug

How should toll collection practices be reformed?

'The Public Accounts Committee (PAC) of Parliament has proposed major changes to toll collection on national highways, including a recommendation to end the practice of perpetual t

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps