J&K UT first to launch Public Financial Management System at district level

Press Trust of india

SRINAGAR: The Union Territory of Jammu and Kashmir has turn out to be the primary UT within the nation to operationalize Public Monetary Administration System (PFMS) on the district degree with e-inauguration of eight district workplaces right here on Friday by Extra Controller Basic of Accounts, Subodh Kumar Mathur.

Joint Controller Basic of Accounts, Sushil Pal and Assistant Controller Basic of Accounts, Shakeel Maqbool have been current on the event.

The rolling out of those workplaces in Jammu and Kashmir will end in improved program administration and administration, direct fee to beneficiaries and larger transparency and accountability in use of public funds on the district degree and beneath ranges.

Shakeel Maqbool, nodal officer for J&Ok, highlighted the importance of PFMS in additional enhancing accounts administration and congratulated PFMS, State Directorate J&Ok group for taking initiative of operationalizing District Venture Administration Items (DPMU) regardless of the difficult instances within the wake of COVID pandemic.

Pertinently, PFMS State Directorate J&Ok was established in 2016 in J&Ok like in remainder of states and UTs for operationalising PFMS and now J&Ok has emerged as the primary UT within the nation by way of increasing the PFMS to districts which is a big achievement for all of the stakeholders.

-- to thekashmirimages.com ","author":{"@type":"Person","name":"Tim Hartwell","url":"https://correctsuccess.com/author/emorystudio12-us/","sameAs":["http://correctsuccess.com"]},"articleSection":["Financial management"],"image":{"@type":"ImageObject","url":"https://correctsuccess.com/wp-content/uploads/2020/10/JK-UT-first-to-launch-Public-Financial-Management-System-at.jpg","width":600,"height":400},"publisher":{"@type":"Organization","name":"Studio 12","url":"https://correctsuccess.com","logo":{"@type":"ImageObject","url":"https://correctsuccess.com/wp-content/uploads/2020/10/Correct-Success-Logo-Design-PNG-3.png"},"sameAs":["https://www.facebook.com/TheCorrectSuccess/","https://twitter.com/correctsuccess","https://correctsuccess.tumblr.com/","https://in.pinterest.com/thecorrectsuccess/_saved/"]}}

click hear for more Finance Updates