New Delhi: Union Finance Minister Nirmala Sitharaman on Wednesday launched the electronic bill (e-bill) processing system, which seeks to bring in greater transparency and expedite the process of payment. The move is a part of ‘Ease of Doing Business (EODB) and Digital India Eco-system’.
This major e-governance initiative was announced by the Finance Minister in the Union Budget 2022-23 presented in Parliament on February 1.
Sitharaman said the e-bill processing system will enhance transparency, efficiency and faceless-paperless payment system by allowing suppliers and contractors to submit their claims online, which can be tracked on a real-time basis.
The electronic bill processing system was launched at an event organized to mark the 46th Civil Accounts Day celebrations.
Mentioning the important role played by the Controller General of Accounts (CGA), the Finance Minister said that the CGA is managing public finances by adopting technology, thereby preventing theft of public money and ensuring that the profits are directly reach the citizens.
In his address on the occasion, Finance Secretary TV Somanathan said that while Public Financial Management System (PFMS) is an important aid to the financial administrators of the country on one hand, on the other hand it is the most important citizen centric one. Initiatives, especially the new e-bill system. Read also: PM Kisan Yojana: 10th installment not received yet? Check how to file a complaint
Somanathan said the new e-bill system will further reduce the time lag and serve as a model for Digital India and Ease of Doing Business (EODB) accounts. Read also: India manufacturing PMI expands as production in February, new orders rise
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