Question
Consider the following statement about new accounting
mechanisms in the Public Finance Management System (PFMS). I. Treasury Single Account (TSA) for central government agencies and autonomous bodies. II. Single Nodal Agency (SNA) for distributing CSS funds to states. III. Centre had saved Rs 20,000 crores in FY22 on interest payments after adopting new accounting mechanisms. Which of the above statement is/are correct?Solution
Union Finance Secretary T V Somanathan said the Centre had saved Rs 10,000 crore in FY22 on interest payments after adopting new accounting mechanisms for central government agencies and centrally sponsored schemes (CSS) for state governments. Due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March 31, 2022. This means this amount will be reduced from the Centre’s borrowing for now and it can be considered a short-term saving for the exchequer. The new accounting mechanisms in the Public Finance Management System are: • Treasury Single Account (TSA) for central government agencies and autonomous bodies • Single Nodal Agency (SNA) for distributing CSS funds to states A Treasury Single Account (TSA) is a unified structure of government bank accounts that aims to consolidate and optimize the use of Government cash resources.
Lateral thinking method is ______ with creation of new ideas that is a procedure and readiness to look at things in a diverse approach.
A number of valuables lost (A) / were lost (B) in the sudden fire that caught the hotel building.
According to me, Seema should attend (A) / woul...
Select the most appropriate meaning of the given idiom.
Take a walk
Dealers cannot __________ profit due to increase in excise duty, and they should not be ___________ with loss due to reduction.
Select the most appropriate word for the given group of words.
One who is violently against established traditions and beliefs
Select the most appropriate option to substitute the highlighted segment in the given sentence. If there is no need to substitute it, select ‘No subst...
The island's tourism-dependent economic (A) has been hammered (B) by the pandemic and the government was forced to impose (C) a broad import ban to sho...
This technology is already quite [A] / quiet [B] popular in the United States.
Neither of the actions have eliminated [A] / has eliminated [B] a ...
There was a persistency (A) to his nature, a sort of dogged (B) determination that she would have admired (C) if it didn't great (D) her so.
...Select the most appropriate option to improve the bold segment in the given sentence.If there is no need to improvement it,select, no improvement.
<...
Relevant for Exams:
