Finance Minister Nirmala Sitharaman has instructed the Department of Expenditure to route all funding for schemes through a single nodal agency from the next fiscal year. She emphasized the role of the CGA to support states in adopting this system, which has already saved over Rs 11,000 crore since 2021-22.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong