Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Park grants in nodal A/C or they'll be put back in Consolidated Fund, states told.

Date: 27-07-2022
Subject: Park grants in nodal A/C or they'll be put back in Consolidated Fund, states told
Several state governments are caught in a deadline rush to meet the new guidelines for fund flow into Centrally Sponsored Schemes (CSS) failing which the central share of funds could be reverted to the Consolidated Fund of India (CFI), the Centre has cautioned.

Union ministries have shot off a flurry of communication to the chief secretaries of several states last week, warning that failure to transfer the full central share of funds for 2021-22 for each such scheme to the designated Single Nodal Agency (SNA) by July 20 (the last date set by the Department of Expenditure) will result in the amount returning to the CFI.

It has been warned that non-compliance would be treated as violation of the government order and impact the implementation of CSS schemes.

The Samagra Shiksha CSS saw strong nudging by the education ministry to get states to stick to the deadline. The pending transfers to SNA are said to have begun by states for the Rs 37,000 crore scheme.

The Social Justice & Empowerment Ministry calculated that over Rs 1,200 crore were yet to be transferred by states to the SNA for the Pradhan Mantra Adarsh Gram Yojana (PMAGY) as on July 20, the last date.

ET gathers that letters were sent to the chief secretaries of Uttar Pradesh, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka and Gujarat among others pending transfer of funds.

The ministries have good reason for this. The date for full transfer of the 2021-22 central share of funds to the SNA was extended from March 31, 2022 to July 20,2022 by the DoE after it received representations on the same.

However, the July 7 Office memorandum issued by the DoE to all chief secretaries said that this was a 'one time relaxation' granted to states/UTs to transfer central share received on or before 31 March, 2022 under a CSS to the SNA account by 20 July, 2022 "failing which such central share shall be returned to the CFI by the state government through RBI advice".

At the centre of the issue is the new rulebook for all CSS announced in March 2021. The Centre introduced the concept of SNA to bring 'more effective cash management' and 'efficiency in public expenditure management'.

Starting July 1, 2021 each state is required to set up an SNA for each CSS with an account in a commercial bank to conduct its government business.

All Union ministries and departments can now only release the central share for each CSS to the state government's (treasury) account held in RBI.

The state government must transfer the Central share received to the concerned SNA account within 21 days of receipt and release its own share within 40 days of the release of the Centre's share, stated the March 23, 2021 order. The central funding release is tied to SNA transfers.

No more than 25% of the total central funding will be released in the beginning of the financial year. Further funding -- in tranches of 25% each -- will only be released when the state government has transferred its stipulated share to the SNA and also ensured utilisation of 75% of the total released funding by both the Centre and state.

The idea, sources said, was to ensure that there was no diversion of CSS funds and to ensure effective and transparent scheme implementation.

Source Name:-Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 19-01-2023
Notification No. 05/2023 - Customs (N.T.)
Exchange rate Notification No. 05/2023-Cus (NT) dated 19.1.2023.

Date: 16-01-2023
Notification No. 04/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.

Date: 16-01-2023
Notification No. 03/2023-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude and export of Aviation turbine Fuel.

Date: 13-01-2023
Notification No. 01 /2023–Customs
seeks to exempt COVID -19 vaccines from basic Custom duty till 31st March, 2023

Date: 13-01-2023
Notification No. 04/2023-CUSTOMS (N.T.
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 11-01-2023
NOTIFICATION No. 03/2023-Customs (N.T.)
Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023- Reg.

Date: 06-01-2023
Notification No. 01/2023-Customs (ADD)
Seeks to extend levy of ADD on Fishing Net originating in or exported from China PR

Date: 05-01-2023
Notification No. 02/2023 - Customs (N.T.)
Exchange rate Notification No. 02/2023-Cus (NT) dated 5.1.2023-reg

Date: 04-01-2023
NOTIFICATION No 01/2023-Central Tax
To assign powers of Superintendent of central tax to Additional Assistant Directors in DGGI, DGGST and DG Audit.

Date: 02-01-2023
Notification No. 02/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to modify the Special Additional Excise Duty on Diesel

Exim Guru Copyright © 1999-2023 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001