Governance reforms

governance reforms

Governance reforms

1. The Fund Single Account (TSA) system will be expanded from 2021-22 with the objective of using for all. This will allow the autonomous institutions to withdraw funds directly from the government’s account and save their interest costs.
2. On the recommendation of the Fifteenth Finance Commission, the government has started detailed work to rationalize and reduce the number of centrally sponsored projects. In this, better effect can be achieved through consolidation of outlay.
3. In order to make business more smoothly for government associations, the government will create a separate administrative framework for them.

/ English Current Affairs

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