Excelsior Correspondent
LEH, Apr 28: To sensitize the executive members of LAHDC, Leh about the Public Finance Management System (PFMS), the Directorate of Finance Department, Ladakh conducted a workshop on PFMS the Council Secretariat, here today.
Chairman/Chief Executive Councillor, LAHDC, Leh Gyal P Wangyal and Executive Councillors of LAHDC, attended the workshop
The Director Finance Accounts & Treasuries Ladakh Tahir Hussain, CCF LAHDC, Leh Jigmet Namgyal and District Treasury Officer Leh Simerjeet Singh gave detail power point presentation about PFMS to the executive members of Hill Council Leh and said that the main objective of PFMS is to establish an efficient fund flow system and expenditure network which also provides stakeholders a reliable and meaningful management information system.
CCF LAHDC, Leh Jigmet Namgyal gave a live demo of online billing cycle under PFMS to the CEC and ECs and also apprised about the operation of PFMS in Ladakh headed by Chief Controller of Accounts (CCA) followed by Principal Accounts Officer, Pay and Accounts Officer, Drawing and Disbursing Officer and program division.
Besides, work force, GFR Rules, Sanction Cycle under PFMS, the meeting also discussed types of tenders including open, limited and single, CVC guidelines and other financial rules.
Pertinent to mention that the Public Financial Management System (PFMS) has been introduce in the Union Territory of Ladakh from April 1, 2020. It is a web-based online transition system for fund management and e-payment of GoI to enhance the use of accounts as a single platform for payment.
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