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Finance Minister Sitharaman claims Government saved one lakh crore rupees from direct benefit transfer - See Latest
Finance Minister Sitharaman claims Government saved one lakh crore rupees from direct benefit transfer

Finance Minister Nirmala Sitharaman asked the Public Accounts Officers to focus on applying more efficient and favourable techniques to improve the functioning of the public financial management system. Finance Minister Nirmala Sitharaman on Sunday asked the Public Accounts Officers to focus on applying more efficient and favorable techniques to improve the functioning of the public financial management system. He said that India's direct profit-transfer and goods and service tax systems are being discussed worldwide. They are seen as a revolutionary change in a democracy with peace. He said that corruption has been curbed by DBT and more than one lakh crore rupees of public has been saved.

Government Saved 1 Lakh Crore from Direct Benefit Transfer

She was addressing a program organized on the occasion of 44th Public Accounts Day here. He said that technology-based PFMS has revolutionized and this has made India more accountable, accountable and transparent. The Finance Minister said, ‘Today DBT (Direct Benefit Transfer) and GST (Goods and Services Tax) are being discussed all over the world and it is being described as an example of a silent revolution in a democratic system.’ He said, ‘This is the biggest revolution. You have saved one lakh crore rupees through DBT, it is not a symbolic thing. These one lakh crores rupees were saved for the public through better use of technology without offending anyone. ‘He said that through efficient use of technology, this service proved that corruption and injustice can be eradicated by the system.

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FM claims Goverment saves 1 Lakh Crore through DBT

He said that the officials have shown that the system of public finance is not opaque, but it is an efficient system and is also responsible to the public. The PFMS is designed to help government agencies in payment, monitoring and accounting. The Finance Minister said that there is a lot to do in the field of public financial management system and the officers need to be prepared for the changes. He further said that the officers are not only competent auditors, but they are also competent technology professionals. Sitharaman said, ‘Even when we are talking about technology, it is a challenge in itself.

It changes every day, new versions come, changes happen fast and therefore it is a big exercise to remain fully versed in it. You have to constantly change goals, bring maximum efficiency and favorable technology. ‘