Finance Minister Nirmala Sitharaman today asked civil accounts officers to focus on bringing in more efficient and adaptive technologies to smoothen working of Public Financial Management System (PFMS). Speaking at a function in New Delhi to mark the 44th Civil Accounts Day, she said the officers not only need to be competent accounts persons, but also competent technology professionals.
Mrs. Sitharaman said, newer versions are coming in every day and so the officers have to constantly keep changing the milepost in order to bring in more and more efficiency and adaptive technology.
The Minister said, today all over the world DBT (direct benefit transfer) and GST (Goods and Services Tax) are being talked about as silent revolutions that democracy can show off to the world.
PFMS is designed to help the government agencies for processing payments, tracking, monitoring, accounting and reconciliation. It tracks funds disbursement and ensures that state treasuries are integrated with the Centre to ensure money is sent as and when required.
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