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49th Civil Accounts Day celebrated to mark the 49th foundation day of Indian Civil Accounts Service (ICAS) in New Delhi In a journey from departmentalisation to digitalisation, ICAS has brought a silent revolution through Public Financial Management System (PFMS): Union Finance Minister Smt. Nirmal
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FAQ :
The 49th Civil Accounts Day was celebrated to mark the 49th foundation day of the Indian Civil Accounts Service (ICAS).
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presided over the celebrations as the Chief Guest.
The Finance Minister highlighted PFMS's role in achieving key governance goals, including reaching the last mile, direct delivery of central and state schemes, and end-to-end digitisation through integration with numerous external systems.
PFMS has strengthened cooperative federalism by integrating 31 state treasuries and 40 lakh programme implementing agencies, enabling seamless financial management and timely, transparent disbursement of government funds.
Expenditure Secretary Dr. Manoj Govil emphasised the need for harmonisation of Union and State Accounts, including Urban, Rural, and Local Bodies, to facilitate better financial reporting.
Dr. Arvind Panagariya stated that PFMS acts as critical digital infrastructure enabling efficient and transparent transactions between different economic entities.
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