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AS-CFMS calls for extensive use of online transactions


India

AS-CFMS calls for extensive use of online transactions

GUWAHATI: The governing body meeting of Assam Societies for Comprehensive Financial Management System (AS-CFMS) called for extensive use of online transaction of both revenue and non-revenue segments for lending more transparency, speed and accountability in financial management. The meeting held under the chairmanship of Chief Minister Sarbananda Sonowal took stock of different segments of work…

GUWAHATI: The governing body assembly of Assam Societies for Comprehensive Financial Administration Arrangement (AS-CFMS) known as for large state of on-line transaction of each and each earnings and non-earnings segments for lending extra transparency, lope and accountability in financial administration.

The assembly held below the chairmanship of Chief Minister Sarbananda Sonowal took stock of varied segments of work being performed by Assam Societies for Comprehensive Financial Administration Arrangement.

The assembly took key selections delight in ratification of bye laws of Assam Societies for Comprehensive Financial Administration Arrangement, permission for opening of Financial institution Memoir for AS-CFMS, acclaim for Assam Convey Public Finance Institutional Reforms (ASPIRe) state of work, framing of Assam Public Procurement Act, 2017, upgradation of data centre and IT tools, advent of Assam Public Finance Administration Institute, implementation of eGRAS and blueprint forward amongst others.

Sonowal hailing the Finance Division said that the department has created a platform and transparent intention for handling and regulating the financial transactions. He also said that AS-CFMS has ushered in correct sort governance, correct sort financial administration thus bringing in extra financial administration discipline within the state. He also entreated upon your complete authorities departments to empower themselves technologically to reap the advantages of AS-CFMS. He also thanked the Finance Division for enabling Assam to turn out to be the ideal state in India and amongst the five regions globally to be chosen for IFMIS technical the assist of KPFIS (Korea) and World Financial institution final 365 days.

Within the assembly Finance minister, Himanta Biswa Sarma said that below the present intention though steps were taken to undertake all earnings transactions, efforts are also on to herald non-earnings segments.

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