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V. Rishi Kumar

HYDERABAD, March 21

THE Andhra Pradesh Finance Department has embarked on a process to modernise treasuries and directorates through a multi-stage computerisation process.

Following a multi-tiered technology deployment and computerisation at all levels of treasury management, the State Government is in the process of introducing a scheme for payment of salaries and all other payments through banks from April 1.

With a view to increasing speed and accuracy in compilation and submission of monthly accounts to the Accountant General, Andhra Pradesh, treasury accounts have been computerised and treasuries in the State facilitate computerised accounts for online monitoring.

Following this computerisation process, there has been an improvement in the preparation and submission of accounts and almost all treasuries render accounts to the Accountant General in advance of the due date with this approach, according to Government sources.

Computerisation was extended up to sub-treasury level, which is the first of its kind initiative. All the sub-treasuries have been further computerised and render computerised information up to the district treasuries.

The Finance Department has also embarked on a Fast Information System, wherein details of the expenditure and receipts from the sub-treasuries level are received at the Directorate within days of transaction.

The information is then transmitted from the sub-treasury to the district treasury and then to the Government directorates and consolidated daily figures are furnished to the Government every day for review of the financial position of the State.

Further, the task of maintaining the General Provident Fund account of Class IV employees by district treasuries is on simultaneously.

To facilitate the process of release of funds through banks, the State Finance Department had recently released a Government order.

The State Finance Minister, Mr Yenamala Ramakrishnudu, had also announced the State Government plan to adopt an innovative integrated finance management system which would integrate various wings of the Finance Department with the office of the Accountant General, the Reserve Bank of India, banks and various departments. Named e-Khajana, this will facilitate online data transfer from treasury to all levels, thereby facilitating electronic financial management.

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