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DBT through Public Financial Management System supports Digital India: Finance MinistryAs part of its FinMin Year Review 2024 initiative, the Finance Ministry in a social media post on X, stated that DBT through Public Financi...- CBIC starts electronic disbursal of duty drawback to exporter's bank accounts via PFMSCBIC introduces electronic disbursement of duty drawback amounts to exporters' bank accounts via PFMS platform, enhancing transparency, eff...
- Contractors flag payment delays by NHAI over operational tweaksIssues about integration of Public Financial Management System Portal with NHAI were leading to the delay, according to the industry.
- How to revolutionise fiscal transfers from the Centre to statesAs no time limit was prescribed for release of funds from state treasuries to implementing agencies (IAs), the fund transfer was based on l...
- Pension money to soon be allowed into IPOs, NSE-200 companies, says PFRDAOfficials said this restricts the opportunities for fund managers, who have been able to deliver a compounded annual growth rate of 11.31 p...
- Rs 36,659 crore transferred to 16 crore beneficiaries using DBT during COVID-19 lockdownOf the Rs 36,659 crore, Rs 27,442 crore has been transferred under CSS and CS and Rs 9,717 by various state governments for its welfare sch...
- Bring in more efficient, adaptive tech to further smoothen working of PFMS: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman asked civil accounts officers to focus on bringing in more efficient and adaptive technologies to furth...
- Mandatory use of PFMS to help monitor fund flow to schemes: Finance Minister Arun JaitleyWith the capability of providing real time information, the Web-based software app PFMS has tremendous potential to improve programme/finan...
- IT systems of 7 north eastern states integrated with Public Financial Management SystemThe PFMS tracks fund disbursement and ensures that state treasuries are integrated with the Centre to ensure money is send as and when requ...
- Finmin to hire 120 IT professionals for big data architectureThe hiring, on contractual basis, seeks to bring transparency in public expenditure, speed up implementation of welfare schemes and plug le...
- Government to come up with updated version of PFMS next fiscalThe Expenditure Department will work towards developing bank interface, including that of cooperative and regional rural banks, for facilit...
- Finance Ministry okays Rs 2.1 lakh crore investment proposalsController General of Accounts has developed a risk based control framework in the form of Generic Internal Audit Manual to guide audits.
- Finmin clears 29 investment proposals worth of Rs 2.11 lakh croreBesides, Public Investment Board (PIB) headed by Expenditure Secretary cleared 12 proposals involving expenditure of Rs 28,673 crore.
- March deadline set to integrate states/UTs to Public Financial Management SystemIt was recently discovered that even the exact number of IAs the country has were not known, though about 18 lakh agencies are registered o...
- Government departments to open account with RBI for Rs 100 crore plus fund transferThe e-FPB account will be used by government to receive non-tax revenue payments like dividends from PSUs and banks.
- Government to universalise the use of Public Financial Management SystemPFMS, administered by the department of expenditure, is an end-to-end solution for processing payments, tracking, monitoring, accounting, r...
- PFRDA to invite fresh bids for pension fund managersThe pensions regulator will invite fresh bids for appointing Pension Fund Managers for Rs 90,000 crore corpus accumulated under NPS.
- PFRDA to invite bids for pension fund managersThere are eight PFMs registered with PFRDA to manage the funds for the unorganised sector including SBI Pension Fund, UTI Retirement Soluti...
- Regulator puts rider for pension fund managersThe pension regulator decides to put in a rider by which PFMs will have to bid every year to manage the corpus under New Pension Scheme. Da...
- PFMs will charge less fee for servicesCommission costs charged by pension fund managers (PFMs) to manage assets of subscribers will now be restricted to 1.5% of the total assets...
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