Two functional of PFMS at strengthening, monitoring & user interface were launched

Context

  • The Indian Civil Accounts Service (ICAS) celebrated its 43rd Civil Accounts day was celebrated on 1st of March, 2019 in New Delhi. On the occasion, Shri Anthony Lianzuala, Controller General of Accounts (CGA) launched two functionalities of PFMS aimed at strengthening, monitoring and user interface.
  • Since its inception, the ICAS has steadily grown in stature and now plays an important role in the management of public finances of the Union Government. Indian Civil Accounts Organization performs a key role in delivery of financial management services for the Government of India.
  • The 43rd Civil Accounts Day will essentially show case the progress of the flagship project of the Indian Civil Accounts Organization – the Public Financial Management System (PFMS).
  • Two functionalities of PFMS launched on the occasion 

The Mobile App for monitoring Banks performance

  • The Bank Monitoring Mobile Application is developed to monitor bank performance by keeping track of various key performance Indicators for the over 250 Banks integrated with PFMS’s Account Validation and Payment system.
  • Indicators such as time taken to credit funds into the Beneficiary’s account are used to access the Banks performance over time.
  • The app is intended for use by the banks themselves, Scheme Managers and other monitoring agencies

PFMS –Dashboard

  • PFMS –Dashboard will enable the Department of Expenditure and the Senior Officers of all Civil Ministries to monitor expenditure on a near real-time basis with the expenditure data made available from PFMS up to the previous day The Dashboard also integrates data from the treasury systems of the 29 States and 2 UTs with legislature together with data for Non-Tax Receipts.
  • The Dashboard also features Bank Balance of all the Agencies involved in the implementation of schemes of Government of India. This will aid in reducing idle unutilized funds with the Agencies and will facilitate just-in-time releases, thereby reducing the cost to the Government of India.

Related posts

Total
0