Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Govt to unveil e-surveillance of funds for flagship schemes
BackBack

Govt to unveil e-surveillance of funds for flagship schemes

Govt to unveil e-surveillance of funds for flagship schemes

Premium

New Delhi: Castigated by CAG for stepping away from protocol in releasing over Rs50,000 crore meant for welfare schemes, the government is proposing electronic surveillance of flow of funds earmarked for flagship schemes.

While CAG, the top auditor of government accounts, made note of the deviation in funds allocation, the government’s chief accountant - Controller General of Accounts (CGA) - has prepared the blueprint for monitoring flow of funds worth 200,000 crore per annum to over 20,000 implementing agencies.

The blueprint is expected to be unveiled by finance minister Pranab Mukherjee in his budget for 2009-10. He had made a mention of it in the interim budget in February.

The mechanism will capture all data related to centrally sponsored and central sector schemes right from funds earmarked, sanctions, sub-sanctions to the names of implementing agencies at each level, details of associated bank accounts and payment to the ultimate beneficiary.

It will also track state-wise, district-wise and lower level allocation of funds under 1258 Plan schemes. Pilot programmes are already on.

“We are implementing the Central Plan Schemes Monitoring System (CPSMS) and have successfully carried out two pilot projects in Punjab and Karnataka for tracking releases and utilisation at ground level for establishment of a comprehensive Decision Support System and Management Information System," a source said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 24 Jun 2009, 03:05 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App