Treasury The treasury system has evolved very gradually over a number of years and has worked with reasonable satisfaction. Nevertheless, there is scope for improvement with a view to providing more facilities to the general public in a number of ways.
First, the non-banking treasuries / sub-treasuries, which handle the cash business itself, could be gradually converted into banking treasuries by transferring their cash business to banks. Second, States may weigh the option of introducing separation of audit and accounts and departmentalization of accounts on the lines of Centre gradually.