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Narendra Modi govt set to save Rs 10,000 cr of treasuries

Narendra Modi govt set to save Rs 10,000 cr of treasuries

Saturday, March 4, 2017, 2:16 PM

Despite initial opposition from a few states, the Centre has managed to integrate treasuries of almost all states into the Public Finance Management System to track fund utilization up to the last mile as well as transfer funds “just-in-time” for central schemes. This would help the Centre save Rs.10,000 crore annually by ending floating of funds or idling of cash at banks.
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