Public Financial Management System

The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...

So far, state governments have submitted 3.2 crore entries to the government's Public Financial Management System (PFMS), which then vets the data.

The tool conducts big data mining and data exploration, said a Home Ministry statement, adding that its dashboard will be integrated with the bank accounts of FCRA-registered entities through the Public Financial Management System for updation of transactional data on a real-time basis.

The Finance Ministry has decided to hire 120 senior IT professionals to develop big data architecture for monitoring public expenditure and plugging leakages.

The Left-ruled Tripura maintained its top position for the sixth consecutive year by providing 88 person-days' rural jobs per household under the job guarantee scheme during the 2014-15 fiscal, a cabinet minister said in Agartala today.

Reserve Bank of India Deputy Governor K C Chakrabarty on Saturday attributed the high incidence of stress on the books of public sector banks (PSBs) to poor credit appraisal and management and asked them to be economical with recasts, if not end the system of restructuring.

The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...

So far, state governments have submitted 3.2 crore entries to the government's Public Financial Management System (PFMS), which then vets the data.

The tool conducts big data mining and data exploration, said a Home Ministry statement, adding that its dashboard will be integrated with the bank accounts of FCRA-registered entities through the Public Financial Management System for updation of transactional data on a real-time basis.

The Finance Ministry has decided to hire 120 senior IT professionals to develop big data architecture for monitoring public expenditure and plugging leakages.

The Left-ruled Tripura maintained its top position for the sixth consecutive year by providing 88 person-days' rural jobs per household under the job guarantee scheme during the 2014-15 fiscal, a cabinet minister said in Agartala today.

Reserve Bank of India Deputy Governor K C Chakrabarty on Saturday attributed the high incidence of stress on the books of public sector banks (PSBs) to poor credit appraisal and management and asked them to be economical with recasts, if not end the system of restructuring.