75 years to India’s independence calls for a grand celebration. To mark the year, various activities are being held under the aegis Azadi ka Amrit Mahotsav. Aligning with this, the Ministry of Finance is celebrating the Iconic Week from June 6 to 12, 2022.
On June 8, Wednesday, the Union Finance Minister, Nirmala Sitharaman launched the Iconic Day celebrations of the Department of Economic Affairs at Vigyan Bhawan, New Delhi. Key dignitaries and prominent leaders from the world of finance participated in the event.
During the AKAM celebrations, the Finance Minister launched ‘NETRA (New e-Tracking and Remote Administration)’ portal and mobile application for Indian Development and Economic Assistance Scheme (IDEAS). The Union Minister during the launch of the portal said that the government and the people together have to join hands such that lives can be bettered, livelihoods can be offered and India together can grow.
Exchange of ideas through symposium
Various sessions are being held to exchange ideas and hold discussions on important subjects. The discussion is meant to facilitate investor empowerment, informed financial decision-making, and more. The morning session witnessed discussions on ‘Emergence of women investors in securities market’ and ‘Growth of Indian retail investors’ during the symposium on ‘Jaagruk Niveshak: Samridha Bharat ki Neev’ organized by SEBI in collaboration with the Department of Economic Affairs. The symposium will also explore the possibilities presented by the encouraging trend of increasing participation of women in financial markets.
Further, to empower students, NSDL’s outreach initiative ‘Market Ka Eklavya – Express’, introduces students to the basics of investing and financial markets. It will be screened during the event. As a part of the AKAM celebrations, NSDL recently launched the programme in 8 languages to reach 75 cities to commemorate 75 years of independence. In addition to this, Union Minister Nirmala Sitharaman also released a short film ‘Sahyog se Samriddhi’ on externally aided projects during the Iconic Week celebrations of Azadi Ka Amrit Mahotsav.
Single Nodal Agency (SNA) Dashboard launched
Union Minister Nirmala Sitharaman launched the Single Nodal Agency (SNA) dashboard in New Delhi, today, June 7. The SNA Dashboard is a major part of public financial management reform initiated in 2021. Funds for Centrally Sponsored Schemes (CSS) are released, disbursed, and monitored through the dashboard.
The revised procedure, now referred to as the SNA model, requires each State to identify and designate an SNA for every scheme. All funds for that State in a particular scheme will be credited to this bank account, and all expenses will be made by all other Implementing Agencies involved from this account. Thus, the SNA model ensures allocation of funds to States for the CSS is made on time and after meeting various stipulations.
