Civil Accounts Day 2024 Celebrated To Honour ICAS

  • The event marked the 48th foundation day of the Indian Civil Accounts Service (ICAS). 
  • Union Finance Secretary and Secretary Expenditure, Dr. T. V. Somanathan, presided over the event. 
  • The Finance Secretary read the message of the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman recognizes the pivotal role of the Public Financial Management System (PFMS) in revolutionizing the financial administration of the Government of India. 
  • The PFMS is credited as the cornerstone for establishing an efficient fund flow mechanism for facilitating a real-time, reliable, and meaningful management information system. 
  • The Direct Benefits Transfer (DBT) mechanism, facilitated through the PFMS, has led to the transfer of Rs. 34 lakh crores from the Government to beneficiaries. 
  • The Union Finance Secretary commended the initiatives taken by the CGA in e-bill Implementation and Bill Payment Efficiency for the Union accounts. 
  • The Finance Secretary urged sustained efforts, close monitoring, and complete end-to-end implementation of the e-bill system for 100% coverage. 
  • The day was followed by three sessions on the role and way forward of ICAO, the banking interface with the government for improving service delivery, and PFMS as an aid to cash management and data-driven governance.
Posted in Current Affairs.