After Centre, states eye 'just in time' fund release

States are adopting a 'just in time release' of funds to improve efficiency and reduce borrowing. The Centre's move to rework fund release saved around Rs 10,000 crore last year and is expected to save more this year. However, banks that relied on government cash flow are now affected. The Centre implemented a Treasury Single Account and two other accounts to reduce fragmented banking arrangements. The new system releases funds promptly, tracks transactions in real-time, and improves delivery efficiency.

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