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Ministry of Finance organizes review meeting on PFMS implementation with six states, ten major banks

Puri:27/5/22:The Ministry of Finance, Government of India, today held a review meeting with six states and also a bank performance review meeting with respect to Public Financial Management System (PFMS) in Puri, Odisha under the chairpersonship of Smt. Dharitri Panda, Additional Controller General of Accounts.

During the review meeting, a detailed discussion was held with the State Governments on issues related to new procedure of release of funds under the Centrally Sponsored Schemes and Treasury Integration with PFMS. The officials from six states such as Odisha, West Bengal, Chhattisgarh, Jharkhand, Bihar and Goa have participated in the meeting.

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In the deliberations, emphasis was made on timely and correct data exchange by the States with PFMS to ensure accurate and reliable financial reporting and also to ensure that there was no float in the system. The Bank Review Meeting in the meantime stressed the issues of major Key Performance Indicators (KPIs) and Single Nodal Accounts (SNA).

The objective of the Bank Review Meeting was to make the banking systems more adaptive for the new changes. The meeting was also attended by Mrs. Jaspal Kaur Pradyot, Jt.CGA, PFMS HQ, New Delhi, Shri. Eddie L. Khawlhiring, Jt.CGA, Technology, Banking & Reports Vertical of PFMS HQ. New Delhi and the technical team of NIC-PFMS and State finance officials of the six states.

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Ten major Banks such as Union Bank Of India, State Bank of India, Punjab National Bank, ICICI Bank, Axis Bank, HDFC Bank, UCO Bank, Indian Bank, Canara Bank, IDBI Bank have also participated in the Bank Review Meeting in the day. Shri Sovan Sengupta, Deputy General Manager, headed the Union Bank of India Team.

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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