Public Finance Management System Current Affairs - 2019

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Strengthening of the PFMS

On the occasion of Civil Accounts Day celebrated on March 1st, Shri Anthony Lianzuala, Controller General of Accounts (CGA) launched the following two functionalities of Public Finance Management System aimed at strengthening, monitoring and user interface:

  • The Mobile App for monitoring Banks performance.
  • PFMS –Dashboard.

Public Finance Management System

Public Finance Management System (PFMS) is a  web-based online software application developed and implemented by the Office of Controller General of Accounts (CGA). PFMS facilitates sound Public Financial Management System for Government of India (GoI) by establishing an efficient fund flow system as well as a payment cum accounting network.

Mobile App for monitoring Banks performance

The Bank Monitoring Mobile Application is developed to monitor bank performance by keeping track of various key performance Indicators for the over 250 Banks integrated with PFMS’s Account Validation and Payment system.

Indicators such as time taken to credit funds into the Beneficiary’s account are used to access the Banks performance over time. The app is intended for use by the banks themselves, Scheme Managers and other monitoring agencies.

PFMS –Dashboard

PFMS –Dashboard will enable the Department of Expenditure and the Senior Officers of all Civil Ministries to monitor expenditure on a near real-time basis with the expenditure data made available from PFMS up to the previous day.

The Dashboard also integrates data from the treasury systems of the 29 States and 2 UTs with legislature together with data for Non-Tax Receipts.

The Dashboard also features Bank Balance of all the Agencies involved in the implementation of schemes of Government of India. This will aid in reducing idle/parked/unutilised funds with the Agencies and will facilitate just-in-time releases, thereby reducing the cost to the Government of India.

Month: Categories: Business, Economy & BankingUPSC


New norms for Jan Shikshan Sansthans

The Ministry of Skill Development and Entrepreneurship (MSDE) has issued new guidelines for Jan Shikshan Sansthans (JSS). The new guidelines are issued as part of an attempt by the MSDE to re-energize and reinvigorate the Jan Shikshan Sansthans. The highlights of these guidelines are:

  • Alignment of JSS course and curriculum with National Skill Qualification Framework (NSQF) to standardize training.
  • Decentralization of powers for JSSs by providing accountability and independence to district administration.
  • To identify and promote traditional skills in the district through skilling / upskilling.
  • Evidence-based assessment system.
  • Easy Online certification.
  • Linking JSS to Public Finance Management system to maintain transparency and accountability of the ecosystem.
  • Creating livelihood linkages.
  • Training of Trainers to develop the capacity through National Skills Training Institutes.

Jan Shikshan Sansthans (JSS)

Jan Shikshan Sansthans (JSS) were established to provide vocational training to non-literate, neo-literate, as well as school dropouts by identifying skills as would have a market in the region of their establishment. The scope of the JSS includes:

  • Developing an appropriate curriculum and training modules covering vocational elements of general awareness and life enrichment components.
  • Training equivalent to courses designed by the Directorate of Adult education, National Institute of Open Schooling and Director General Employment & Training.
  • Provide training to a pool of resource persons and master trainers for conducting training and also the availability of infrastructure and training – specific equipment.
  • Administer simple tests and award certificates
  • Network with employers and industries for trainees to get suitable placements.

Previously under the Ministry of Human Resources Development, the JSS’s are now working under Ministry of Skill Development and Entrepreneurship (MSDE).

The Ministry of Skill Development and Entrepreneurship (MSDE) has also launched a new portal which will furnish information on action plans, database of beneficiaries and stakeholders, details of finance and expenditure and other ongoing developments along with public log-in access.

Month: Categories: Governance & PoliticsUPSC