₹1 Lakh crores stuck in government fund for years; one fix cut wait times considerably: Sanjeev Sanyal
A large amount of money, equivalent to over 1 trillion rupees, has been stuck in a government fund for years due to a complex bureaucratic process. This process, which involved multiple steps and portals, made it difficult for citizens to claim their unclaimed shares and dividends. However, a recent overhaul of the process has significantly reduced wait times, with monthly approvals increasing from 900 to over 14,500. This change is expected to free up a large amount of money that can be used for various purposes, potentially benefiting the economy.
Read the source report: The Hindu
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