Starting April 1, the settlement of unspent funds from the Centre to states through the single nodal agency (SNA) will occur within a day, eliminating the need to park it outside the government account for more than 24 hours. This move aims to make fund usage more efficient and transparent. The Department of Expenditure and the Reserve Bank of India are upgrading the SNA system to settle the unused amount in real time, thereby preventing disputes over interest payments on unspent funds.
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