In order to efficiently track fund flow under the various government schemes, the cabinet has approved Central Plan Scheme Monitoring System, which will set up an online financial management information and decision support system for tracking funds.
The Central Plan Scheme Monitoring System will be rolled out over a period of four years till 2017 at a total outlay of Rs 1,080 crore and will link the financial networks of central, state governments and the agencies of the state governments.
Further, new system will also provide real time reporting of expenditure at all levels of programme implementation through treasury and bank interface. The plan monitoring organisation structure will comprise the Project Implementation Committee (PIC) at the apex level, Central Project Management Unit (CPMU) at the centre, State Project Management Unit (SPMU) at state level and and District Project Management Units (DPMU) at the state and district levels.
In a separate development, the government has also approved the proposed Draft Regulatory Reform Bill, 2013 which aims to make regulators across key infrastructure sectors accountable to the Parliament besides giving them power of licensing. The draft bill will apply to key sectors such as electricity, oil and gas, coal, telecommunications and internet, among others.
The Central Plan Scheme Monitoring System will be rolled out over a period of four years till 2017 at a total outlay of Rs 1,080 crore and will link the financial networks of central, state governments and the agencies of the state governments.
Further, new system will also provide real time reporting of expenditure at all levels of programme implementation through treasury and bank interface. The plan monitoring organisation structure will comprise the Project Implementation Committee (PIC) at the apex level, Central Project Management Unit (CPMU) at the centre, State Project Management Unit (SPMU) at state level and and District Project Management Units (DPMU) at the state and district levels.
In a separate development, the government has also approved the proposed Draft Regulatory Reform Bill, 2013 which aims to make regulators across key infrastructure sectors accountable to the Parliament besides giving them power of licensing. The draft bill will apply to key sectors such as electricity, oil and gas, coal, telecommunications and internet, among others.
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