Accounts at a Glance (2011-12) - Ministry Of Earth Sciences
Accounts at a Glance (2011-12) - Ministry Of Earth Sciences
Accounts at a Glance (2011-12) - Ministry Of Earth Sciences
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<strong>2011</strong>-<strong>12</strong> <strong>Accounts</strong> <strong>at</strong> a <strong>Glance</strong>Digital Sign<strong>at</strong>ures: Once the bill is passed by the PAO ,it is digitally signedusing the secure I-Key and e-payment authoriz<strong>at</strong>ion is gener<strong>at</strong>ed by the system.Uploading authoriz<strong>at</strong>ion on GePG: The e-payment authoriz<strong>at</strong>ion file (eadvice)is uploaded on the GePG in a secure environment. Concerned banksdownloads the e-advices from GePG and after necessary verific<strong>at</strong>ion of digitalsign<strong>at</strong>ure etc, the bank would credit the beneficiaries’ account usingCBS/NEFT/RTGS as applicable.e-Scrolls: A digitally signed electronic scroll is gener<strong>at</strong>ed and uploaded by thebank on GePG for all successful e-payments. e-Scrolls are downloaded by thePAOs and incorpor<strong>at</strong>ed in the COMPACT system for reconcili<strong>at</strong>ion and otherMIS purposes.Advantages of e-payment• Saving in time and effort due to online fund transfer usingdigitally signed unique e-authoriz<strong>at</strong>ion ID.• Secure mode of payment.• Transparency in payment procedure.• Elimin<strong>at</strong>ion of physical cheques and their manual processing.• Elimin<strong>at</strong>ion of constraints of manual deposit of cheque by thepayee into his bank account.• Enhancement of overall payment processing efficiency.• Online auto-reconcili<strong>at</strong>ion of payments.• Efficient compil<strong>at</strong>ion of accounts.• Complete audit trail of transactions <strong>at</strong> all level.SYSTEMS GROUPA systems Group has been formed in the Principal <strong>Accounts</strong> officeprimarily to oversee the implement<strong>at</strong>ion of COMPACT and to issueguidelines for its smooth functioning.This group is currently involved in:1. Development of software to monitor Outstanding utiliz<strong>at</strong>ionCertific<strong>at</strong>es.2. IT rel<strong>at</strong>ed inventory management.3. Training of staff for the development of office rel<strong>at</strong>ed skills andfor COMPACT.4. All other IT rel<strong>at</strong>ed m<strong>at</strong>ters in the CA’s organiz<strong>at</strong>ion.22