department of expenditure Current Affairs, GK & News

Centre allows 11 states to borrow Rs 15721 crore from market

Central government has allowed 11 states to borrow an additional fund of Rs 15,721 crore from the market, because they achieved the capital expenditure target that finance ministry had set for June quarter the fiscal year 2021-22. Highlights States that have been allowed to borrow include- Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Manipur, ..

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Rajasthan- 5th state to complete Urban Local Bodies Reforms

Rajasthan has become the 5th state in the country to successfully complete the Urban Local Bodies (ULBs) reforms. This was specified by the Department of Expenditure, Ministry of Finance. Benefits Rajasthan now become eligible for additional reform linked borrowing. Thus, the State has been granted permission by the Department of Expenditure an additional financial resource ..

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Appointments made on 1st December 2019

1) Soma Roy Burman has been appointed as the New Controller General of Accounts(CGA). Soma Roy Burman, from 1986 batch of Indian Civil Accounts Services (ICAS) officer became the 24th CGA and the 7th women CGA of India. The Controller General of Accounts (CGA) heads the Department of Expenditure and is under the Ministry of ..

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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 ..

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