NEW DELHI:The federal government has launched obligatory use of the Public Finance Administration System (PFMS) for all Central Sector Schemes with a budgetary allocation of Rs 6. The Finance Minister hoped that quickly the PFMS will progress in the direction of a Government vast Built-in Monetary Management System (GIFMIS) as a comprehensive Fee, Receipt and Accounting System. He mentioned that as on date, payments to 34.19 crore beneficiaries have been made by way of PFMS and there are 21.seventy two lakh Programme Implementing Agencies registered on the PFMS.
Solutions to your questions about marketing and enterprise within the Twin Cities. Finance Secretary Ashok Lavasa stated over 300 Central and State Government Schemes had been now riding on PFMS and fee of greater than Rs 2.91 lakh crore relating to varied schemes underneath DBT had been made by way of PFMS since 2013.
NEW DELHI: RBI Governor Urjit Patel at this time mentioned the Rs 2.eleven lakh crore financial institution recapitalisation plan is a ‘monumental step forward’ in safeguarding India’s financial future and a complete coverage could be put in place to handle the challenges confronted by the sector.
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