Chapter on Finance

SEVENTH CENTRAL PAY COMMISSION

  • The Seventh Central Pay Commission has been set up in February, 2014.
  • Commission will submit recommendations within 18 months from the date of constitution of the Commission.
  • The Seventh Central Pay Commission comprises the following:
  1. ChairmanJustice Shri Ashok Kumar Mathur
  2. Member — Shri Vivek Rae
  3. Member— Dr. Rathin Roy
  4. Secretary – Smt. Meena Agarwal

 NATIONAL E-GOVERNANCE PLAN (NEGP)

  • The Government approved the National e-Governance Plan (NeGP), comprising 27 Mission Mode Projects (MMPS) and 8 components, on May 18, 2006.
  • The Scheme envisions making all Government services accessible to the common man in his locality through common service delivery outlets and ensuring efficiency, transparency and reliability of such services at affordable cost.
  • At present there are four components operational under the Scheme:
  1. Common Service Centre (CSC)
  2. State Wide Area Networks (SWAN)
  3. State Data Centres (SDC)
  4. Capacity Building (CB)

The Ministry of Communications and Information Technology is the nodal ministry in charge of the Scheme.

 CONTROLLER GENERAL OF ACCOUNTS (CGA)

  • The Controller General of Accounts (CGA) under the Department of Expenditure is the principal accounts adviser to the Government of India and is responsible for establishing and maintaining a technically sound management accounting system.
  • Functions entrusted to the Controller General of Accounts are as under:-
  • to formulate the policy relating to form and procedure of accounting for the entire Central and State Governments
  • to coordinate and oversee the payment, receipts and accounting matters in the Central Civil Ministries/Departments
  • to assist in introduction of management accounts systems in Ministries/Departments
  • to consolidate the monthly and annual accounts of the Central Government

CENTRAL PENSION ACCOUNTING OFFICER, NEW DELHI

  • Central Pension Accounting Office (CPAO) was established on 1st January, 1990 for payment & accounting of Central (Civil) pensioners & pension to Freedom Fighters etc.
  • CPAO is an attached office under organization of Controller General of Accounts.
  • It has been entrusted with responsibility of administering the scheme of payment of pension to Central Government (Civil) Pensioners through authorized Banks.
  • Its core functions are: issue of Special Seal Authorities (SSAS) to Authorised Banks; preparation of Budget for the Pension Grant and accounting thereof; audit of pension disbursing Banks; and payment of provisional pension to the pensioners/ family pensioners covered under New Pension Scheme as per the orders of Ministry of Finance.