Nagaland: E-Kuber application with RBI management system ‘crucial’

February 10, 2024 27 Views No Comment

NFASA 16th general conference conducted

Morung Express News
Kohima | February 10

To effectively implement zero reconciliation and to make Treasuries to hold effective key in controlling all kinds of payment in the state, adoption of E-Kuber application with RBI management system has been cited as crucial.

This suggestion was made by Principal Director, Treasuries & Accounts, RN Yanthan at the 16th general conference of the Nagaland Finance & Accounts Service Association (NFASA) held at the conference hall of the Directorate of Treasuries and Accounts, Kohima today.

Once E-Kuber is adopted, Yanthan said there will be zero reconciliation and no requirement of linking with SBI as the treasuries will become paramount authority to make all financial transactions directly link-up with RBI.

Speaking as the special guest, he pointed out certain challenges which needs to be addressed to maintain financial discipline, and made some suggestions for the accounts officers who acts as ‘financial adviser’ of all departments including flagship programmes in the state.

With still a huge suspicion of irregular withdrawal of pension through the Centralised Pension Payment Centre (CPPC) system from the banks, he asserted on the urgent need to complete pensioner data entering to implement the system that would enable the treasuries to take back all the pension payments from the banks, and to recoil payment from the treasuries through E-Kuber application which would automatically solve the anomalies once and for all.

Yanthan also suggested on the need to urgently address civil deposit system and its accounting management to avoid double entry in the accounting expenditure head, and that professional tax and other related taxes to be elaborately done in collaboration with the Department of Taxation to generate certain revenue for the state as well.

The Principal Director further observed on the necessity to establish a mechanism so that all kinds of drawal from the funding of Central government to be reflected in the Treasury Accounts to establish accurate receipts and expenditures in a transparent and accountable manner.

Though the account officers can now check and control all the irregular and bogus bills with digitalisation of treasuries, Yanthan said it is still now foolproof as treasury transaction are assessed through CMP application with the SBI for monthly receipts and payments reconciliation.

To resolve all these challenges, he urged upon all to render proactive role and to bring effective mechanisms and suggestions to the notice of the state government for implementation. ‘Our service is a professional based service, without which fiscal functioning of the state government will become handicap,’ said Yanthan.

NFASS President, Vechiso Chakhesang informed that with computerisation of all the Treasuries in the state, no expenditure flows out of government account without going through treasurynet, pensionsystem, BMS, epaybill, eNPS or eGPF etc.

Through these applications, it was learnt that undesirable expenditures are being checked and avoided, and that the government is also looking into a system to bring pensioners drawing from other banks under the Treasurynet.

Chakhesang further informed of some applications which are in the pipeline to be introduced in the interest and welfare of the people such as Jeevan Pramaan and mobile app, eGRAS (electronic Government Receipt Accounting System) and E-Kuber of Reserve Bank of India to enable ease of living and doing business in the state.

To this end, he requested officers from the Department of Finance and the Directorate to bring comprehensive training programmes to enable the members keep themselves updated on the new systems.

It was also learnt that the department has not been able to conduct departmental exams since its formation in 1980, however, with the new service rule; the first departmental exam was conducted on April 23, 2022 with 380 employees who have cleared the exam.

Earlier, obituary references were made for the all those members who have passed away while certificate were also given to the retired members of the association.