Transcript Role of VLC System in the midst of Treasury

I.D.S.Dhariwal, AG(A&E),Bihar
 Minimise Manual procedures
 Financial control on transactions
 Security of Data
 Electronic Exchange of data
 Easy and instant Reporting
I.D.S.Dhariwal, A.G.(A&E), Bihar
Reserve Bank of India
Ministry of Finance
Govt. of India
Departments
Entitlement, Pension
Accountant General
Directorate GPF
Finance Deptt
S B I - local head office
Treasuries
DDO’s
Disbursing Banks
Sub-Treasuryies
I.D.S.Dhariwal, A.G.(A&E), Bihar
Treasury Computerisation
Phase - I
Objectives :
• Digitisation of Treasury
• Timely preparation of A/cs
• Quick/ online transfer of data
• Control over budget / Expenditure
Phase - II
Phase - III
Information System :
Management :
• Link with Budget
• Analysis of Data
• DDO Code
• Control Mechanism
• Avoid Duplication
• Stratification of Data
I.D.S.Dhariwal, AG(A&E),Bihar
Treasury Computerisation
Integration of Financial Management
Budget formulation :
• Quick
Digitised
Treasury
Communication to
Stakeholders
• Reasonable
• Finance Deptt.
• Consolidation of
Local Budget
• Accountant General
• Allocation
• DDOs
• Scheme monitoring
I.D.S.Dhariwal, A.G.(A&E), Bihar
Treasury Computerisation
Benefits
Improves :
Provides :
1. Financial Discipline
• Control
2. Over all Planning
• Monitoring
3. Realtime Resource Management
• Data Analysis
leads to
• Transparency
• Consolidation
• Consistent Information of
Expenditure & Revenue
• Accountability
I.D.S.Dhariwal, A.G.(A&E), Bihar
Treasury Computerisation
Future, Expansion and Expectations
Capturing non-treasury transactions
Integration with RBI database
Transparency in Budgeting
• Consolidate
• Aggregate
• Disseminate
Monitoring of Expenditure
Information availability
Improvement in Regulatory measures
Cost effectiveness & sustainability
Check on misuse of Fund
•Data consistency
•Tracking
I.D.S.Dhariwal, A.G.(A&E), Bihar
Treasury Computerisation in Bihar
Treasury Module- (From D.E.O. to T.O.)
DEO (P.C.) – Generation of Token
DEO (C.C.) – Entry of Challans
Dealing Assistant – Scrutiny of Bill/Cheque
Accountant – Recheck the scrutinized bill/ Cheque
Treasury Officer- Pass / Reject Bill/Cheque according to the rule.
Bank Payment: Makes the payment and sends
the payment scroll back to treasury
I.D.S.Dhariwal, A.G.(A&E), Bihar
Treasury Computerisation in Bihar
DDO
Module
Budget
Module
Bank
Interface
NSDL
Interface
AG Module
Departments’
Dashboard
CTMIS
Allotment feeding
Module for Dept.
and Districts
TPFIMS
Module
Audit Module
for World Bank
GPF Module
Employee
Database
AC/DC
Module
RBI Module
CPSMS for CGA-Central
Govt.
I.D.S.Dhariwal, A.G.(A&E), Bihar
Treasury Computerisation
Budget
Management
System
Budget & Allotment
Departmental
System
Accountant General Office
Budgeting &
Revision
Budget &
Allotment
Distribution at DDO level
DDOs
Data
Consolidated
Information
Payment & Receipt
Treasury
Management
System
Data
Banks
I.D.S.Dhariwal, A.G.(A&E), Bihar
 What is CORE Banking Solutions
 CORE stands for "centralized online real-time exchange".
 Method & Benefits of Core Banking Solutions
I.D.S.Dhariwal, AG(A&E),Bihar
Core Financial Management System
Features, Requirement and Benefits :
•
Mixed set of Software
• Automated Process & Procedure Control
e-treasury
• Data Management by Multiple Players
Net Banking
• Require Process Re-engineering
Centralised Reporting
• Electronic Integration
Query Service
• Minimise / eliminate Manual interference
Portals G2G, G2B, G2E
• Concurrent availability of data from different
sources
• Electronic flow of data between stakeholders
• Financial control on transactions
• Information security & Management System
•
Expansion of
service
Public – SMS, Web
Dedicated Kiosks
I.D.S.Dhariwal, A.G.(A&E), Bihar
Core Financial Management System
Elements that can effect the flow of information
Concerns
Technical
Issues
Coordination
-- Legal
-- Regulations
Security &
Privacy
Skill Standard
--Data privacy
-- identity theft
-- Interface
-- interoperability
-- different level
-- up gradation
Regulations
Resources
Common
Goals
Development
Leadership &
Authority
P&P
G2G
Partnership
Compliance
I.D.S.Dhariwal, A.G.(A&E), Bihar
Core Financial Management System
Core Integration / e-Governance :
Coordination
• Variation in legal, Regulatory,
Administration
• Regime may block flow of
information
Security & Privacy concern
Leadership Conflict :
• Perceived Benefits
• Motivation
• Indirect factors
Partnership & Regulations :
• Individual data
• P & P, G2G
• Risk of information loss
• Standardisation
• Inadequate Standards
• Monitoring by Regulations
• Inappropriate user interface
I.D.S.Dhariwal, A.G.(A&E), Bihar
Treasury Interface
• Electronic data of treasury is downloadable by
O/o the Accountant General
• It is in the format of text (.csv) files
• It get uploaded into the VLC system, validated
and finally respective tables in VLC database
is populated.
• At present it satisfy only the Accounting needs
• For detail analysis and investigations further
detailed data for Pensioners, advances, GPF
etc. may also be integrated with current format
I.D.S.Dhariwal, A.G.(A&E), Bihar
 New Format in Finance Accounts
 Incorporation of Audit Module
( 24 point Ganapathi Committee Report )
 Budget data was initially maintained up to subhead level
 Mapping of State Budget with Central Grants (CPMS )
 Treasury Interface must change with new requirements
 Processing of large number of AC/DC bills
I.D.S.Dhariwal, AG(A&E),Bihar
 New Format in Finance Accounts
 Incorporation of Audit Module
( 24 point Ganapathi Committee Report )
 Budget data was initially maintained up to subhead level
 Mapping of State Budget with Central Grants (CPMS )
 Treasury Interface
 Processing of large number of AC/DC bills
I.D.S.Dhariwal, AG(A&E),Bihar