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Saturday
June 2018
8:02 AM IST
News Headlines
Wary of hacks, World Cup teams get serious on cybersecurity        You pass YoYo test, you play for India, says Shastri, Kohli endorses        Prof Debashis Chatterjee assumes charge as Director of IIM-K        UN slams Trump over child detentions        Trump tells GOP to 'stop wasting their time' on immigration        Javadekar assures students will not have to travel outside home state for NEET        YEIDA former CEO accused in land scam arrested        Rahul Gandhi appoints Kharge as in-charge of Cong affairs in Maha        Mamata cancels first China visit as 'political meetings at appropriate level' not confirmed by CPC        Bank with Amit Shah as a director collected highest amount of banned notes among DCCBs: RTI reply        Yoga a unifying force, says Modi        Kamal Haasan meets Sonia Gandhi        Turkey hits back at Trump, imposes tariffs on US goods worth $1.8 bn        Israeli Prime Minister's wife charged with fraud        Air India set to have 'Maharaja' class seats on international flights        Mbappe's goal takes France into knockout stages        Jedinak penalty earns Australia a draw against Denmark        Six Indians enter quarters of Mongolian boxing tourney        Iran in U-turn on women in stadiums as World Cup fever takes hold        Taj group acquires Lutyen's Delhi hotel in NDMC auction        
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Business News
Civil accounts dept has sanctity attached; can't afford to err: Jaitley
 
New Delhi, Mar 1 (PTI) Finance Minister Arun Jaitley today said the civil account department of the government cannot afford to err as it informs about the state of public finances to the nation and there is an element to sanctity attached to it.

The finance minister inaugurated the centralised GPF module of Public Financial Management System (PFMS) for all central government employees and ePPO module of PFMS for complete end-to-end electronic processing of pension cases.

Speaking at the occasion, Jaitley said, "There is a certain amount of sanctity which must remain attached to the government accounting system."

"While there are government departments that can function with a fairly high amount of accuracy, the Civil Accounts Department is one that cannot afford to err because a small error can lay a huge foot prints," Jaitely said at the 42nd Civil Accounts Day here.

The government accounts need to be error free as the government informs the nation on the state of public finances and therefore the sanctity of work is important and involves high level of efficiency which adds to the integrity of the government, he said.

Noting that sanctity and credibility of the accounting system of the government has been maintained over the years, there is a certain amount of sanctity which must remain attached to the government accounting system, Jaitley said who also holds the portfolio of Corporate Affairs Ministry.

Lauding the Indian Civil Accounts Service (ICAS) professionals, he said the effective use of technology ensures that every rupee of the government is accounted for and can be tracked which adds up to the overall efficiency of the government.

It also leads to effective utilisation of government money, he said, adding the full integration of government accounting system with the GST Network, RBI and banks which has been instrumental in providing timely and reconciled reports on collections of CGST, SGST and IGST among others.

The minister inaugurated the centralized GPF module of Public Financial Management System (PFMS) for all central government employees and ePPO module of PFMS for complete end to end electronic processing of pension cases.

The centralised General Provident Fund (GPF) module meets a long standing demand of the central government employees for a mapping of GPF accounts with the unique employee ID that will facilitate online application for GPF advances and withdrawals with online access to the employee s current GPF balances, the Controller General of Accounts (CGA) said in a statement.

The module will streamline GPF accounting and transfer of balances.

The ePPO function will include integration of the BHAVISHYA application of the Department of Pension & Pensioners Welfare and the PARAS application of CPAO with PFMS for seamless processing of pension cases and eliminate delays and errors involved in manual processing.


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