Back to Projects
JOIN WHATSAPP GROUP
Free PSC MCQ 4 Lakhs+
Please Write a Review
Current Affairs 2018 to 2022
PYQ 1200 Q/A Part - 1
PYQ 1200 Q/A Part - 2
PYQ 1200 Q/A Part - 3
PYQ 1200 Q/A Part - 4
PYQ 1200 Q/A Part - 5
Kerala PSC India Year Book Study Materials Page 194
Book's First PageAccounts (Civil) and Union Finance Accounts are submitted to Parliament on the advice of Comptroller and Auditor General of India. Along with these documents, an M.I.S Report titled ‘Accounts at a Glance’ is prepared and circulated in Parliament. It further formulates policies relating to general principles, form and procedure of accounting for the central and state governments. It administers the process of payments, receipts and accounting in central civil ministries/ departments. Prepares, consolidates and submits the monthly and annual accounts of the central government through a robust financial reporting system aimed at effective implementation of the government fiscal policies. Through its internal audit units in the respective ministries/ departments, it is responsible for maintaining the requisite technical standards of Accounting in the departmentalized accounting offices and for monitoring of financial performance and effectiveness of various programmes, schemes and activities of the civil ministries. Relevant Website: www.cga.nic.in Public Financial Management System The Public Financial Management System (PFMS) is a web-based online software application designed, developed, owned and implemented by the CGA with the aim to provide a sound public financial management system by establishing a comprehensive payment, receipt and accounting network. It has been aimed to achieve (i) “Just in Time” transfer of funds and (ii) complete tracking of realization of funds from its release to its credit into the bank account of intended beneficiaries. PFMS makes a direct and significant contribution to the Digital India initiative by enabling electronic payment and receipts for ministries/departments in Government of India. Integration with financial IT systems of various state governments is one key objective of PFMS which will facilitate complete tracking of funds transferred for scheme implementation and provide more holistic view of finances available for welfare programmes. To achieve these objectives the Treasury Systems of all the states, all the major banks of India and various external MIS Systems have been integrated with PFMS. All the Schemes of Gol and their implementing agencies have been registered on PFMS. It is playing a vital role in making Direct Benefit Transfer (DBT) to weaker section of the society. Non-Tax Receipt Portal The objective of the Non Tax Receipts Portal (NTRP), is to provide a one-stop window to citizens/corporates/institutions/other users for making online deposits of Non-Tax receipts (NTR) which are payable to the Government of India. This was inaugurated in 2016. The NTRP portal provides an end to end solution for the complete value chain of non-tax receipts, including online user interface, payment at the payment gateway aggregator, and accounting of the receipts by the government department/ministry. NTRP uses the modality of Payment Gateway Aggregator (PGA). It uses the back-end system of the robust Public Financial Management System where all data is housed and MIS reports are available on the PFMS portal for both accounting and monitoring purposes. Institute of Government Accounts & Finance The Institute of Government Accounts & Finance (INGAF) is the training arm of the Controller General of Accounts. It was set up in February, 1992 to train personnel in specific areas of accounting, administrative matters and financial management. In the years following its inception, the Institute has evolved to become an elite training centre in government accounting