PFMS Current Affairs, GK & News

PFMS  Current Affairs, GK & News

PFMS portal processes record transactions on single day

The Public Financial Management System (PFMS) portal has processed record Rs 71,633 crore transactions on a single day. This was a historical record breaking volume of digital transactions achieved by PFMS. Public Financial Management System (PFMS) It is end-to- end solution for processing payments, tracking, monitoring, accounting, reconciliation and reporting. It is implemented by Controller ..

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MHA directs NGOs to open account in designated banks integrated with PMFS

The Union Ministry of Home Affairs (MHA) has directed all NGOs, individuals and business entities receiving foreign funds to open accounts in any of 32 designated banks, including one foreign, within a month. The MHA order comes in exercise of the powers conferred under Foreign Contribution (Regulation) Act (FCRA), 2010. Purpose These accounts opened in ..

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