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Civil Accounts Day: Transform India into a more equitable and financially inclusive society, urges President Mukherjee.
On the occasion of the 40th Anniversary of the Indian Civil Accounts Service (CAS) observed as Civil Accounts Day on March 1, President Pranab urged the CAS for transformation of India into a more equitable and financially inclusive society.

"We must continue to harness and leverage our e-governance capabilities for improving the lives of the poor and needy, and to transform India into a more equitable and financially inclusive society," stated Mukherjee.

He expressed his happiness on the fact that the office of the Controller General of Accounts has made substantive investments in automation and training of human resource in Information Technology and appreciated the Direct Benefit Transfer (DBT) mode of payments as the preferred mode for reaching out to financially disadvantaged and excluded segments of our population.

"India is today the third largest economy in the world, in terms of purchasing power parity (PPP). The size, scale and complexity of the economy is increasing with every passing day, as is its integration with the world economy‚ĶThe foremost challenge for your organization is timely and credible financial reporting of public finances, which is the backbone of an efficient and sound financial management system," he  expressed in a release.

He stressed the need to strengthen oversight mechanisms in the implementation of projects and schemes by line Ministries. The internal audit function today remains largely confined to compliance audit. Also, he urged the Indian Civil Accounts Service to continue to provide India with robust and state-of-the-art public financial management systems.

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