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Just-in-time release of funds saved ₹26,000 cr in interest cost, says FM
Financial Express Kochi
|March 02, 2025
The just-in-time release of funds implemented by the government through the Treasury Single Account System (TSA) for autonomous bodies and the Single Nodal Agencies (SNAs) model for states have saved the Centre nearly ₹26,000 crore in interest costs since FY18 as borrowings were linked to the actual requirements, finance minister Nirmala Sitharaman said at an event on Saturday.
Speaking at the same event, 16th Finance Commission chairman Arvind Panagariya said that, based on the past performance of the economy in US dollar terms, India will be able to become a developed nation by 2047.
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