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Hon ble President of India inaugurates Civil Accounts Day 2016 and emphasizes on the need of e-Governance initiatives to fulfil the dream of becoming a welfare nation; FM against the grim economic situation in the world India stands-out as a haven of stability and opportunity.

News and Press Release - Dated:- 2-3-2016 - The President of India Shri Pranab Mukherjee inaugurated the 40th Civil Accounts Day at Vigyan Bhawan here in New Delhi. The event was organized by the Office of the Controller General of Accounts, Ministry of Finance, Department of Expenditure to mark the foundation day of Indian Civil Accounts Service. On this day, in the year 1976, the Union Government Accounts were delinked from Indian Audit and Accounts Service and Indian Civil Accounts Organisati .....

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velopment is to be speeded up, and plans and programs are to be properly implemented, reforms had become necessary in the field of public financial administration. Separation of accounts from audit was therefore clearly the right decision to take. He emphasized on the need of e-Governance initiatives to fulfil the dream of becoming a welfare nation. He said- We must therefore continue to harness and leverage e-governance capabilities for improving the lives of the poor and needy, so as to transf .....

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successful payment platform for disbursal of funds for the schemes covered under Direct Benefit Transfer (DBT). Using DBT and PFMS, the Government has now demonstrated that it can accurately target beneficiaries, reduce leakages by eliminating duplication, and increase efficiency of the delivery process. We are now in a better position to target actual beneficiaries and control expenditures in a transparent manner. He urged the CGA to use PFMS as the vital link to connect the dots of the JAM tri .....

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n the implementation of major projects and schemes, and rectify weaknesses through suitable modifications in the design of future projects. The Finance Minister, Shri Arun Jaitely further said that the prevailing economic scenario across the world is challenging and this year s Budget was prepared and presented at a time of unusual volatility in the international economic market. Markets are fearful that the global recovery may be faltering. Against this grim background, India stands-out as a ha .....

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nd economic management. Fiscal policy will continue to be vital in an uncertain global environment, while sustaining growth. On the Government s reforms-to-transform agenda, a series of measures have been enacted which should increase the supply potential of the economy. We want to create wealth and spread that wealth across the economy especially to farmers, the vulnerable and disadvantaged groups. Sabka Saath Sabka Vikas is our guiding philosophy which we will strive to meet every day. The Com .....

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es in terms of unpaid claims for goods and services already supplied or consumed by it. Similarly, improving the system of asset accounting continues to be part of the unfinished agenda as it is also an important ingredient of the government s obligations under the Fiscal Responsibility and Budget Management Act. C&AG informed the gathering about the big data centre established in his office. Referring to the challenges in dealing with big data Mr. Sharma said- The potential of using the mas .....

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