Guwahati: The Assam Societies for Comprehensive Financial Management System (AS-CFMS) called for extensive use of online transactions of both revenue and non-revenue segments for lending more transparency, speed and accountability in financial management.
On Thursday, the general body meeting of the System held under the chairmanship of Chief Minister Sarbananda Sonowal took stock of different segments of work being executed by Assam Societies for Comprehensive Financial Management System.
The meeting took key decisions like ratification of bye-laws of Assam Societies for Comprehensive Financial Management System, permission for opening of Bank Account for AS-CFMS, approval for Assam State Public Finance Institutional Reforms (ASPIRe) office, framing of Assam Public Procurement Act, 2017, up-gradation of data centre and IT equipment, creation of Assam Public Finance Management Institute, implementation of eGRAS and way forward among others.
Sonowal hailing the Finance Department said that the department has created a platform and transparent system for handling and regulating financial transactions.
He also said that AS-CFMS has ushered in good governance, good financial management thus bringing in more financial management discipline in the state. He also urged upon all the government departments to empower themselves technologically to reap the benefits of AS-CFMS.
He also thanked the Finance Department for enabling Assam to become the only state in India and amongst the five regions globally to be selected for IFMIS technical assistance from KPFIS (Korea) and World Bank last year.
Finance minister Himanta Biswa Sarma said that under the new system though steps have been taken to undertake all revenue transactions, efforts are also on to bring in non-revenue segments.