New Delhi, Feb. 27 -- Union Minister of Finance and Corporate Affairs Nirmala Sitharaman will preside over the celebrations for the 49th Civil Accounts Day to mark the Foundation Day of the Indian Civil Accounts Service in New Delhi on March 1, 2025, according to a Ministry of Finance release.

The ministry added that a compendium on the Public Financial Management System (PFMS), titled "Digitalisation of Public Financial Management in India: The Transformative Decade (2014-24)," will also be released during the inaugural session.

PFMS, designed, developed, and implemented by the Controller General of Accounts (CGA) organisation, is the key IT Platform for government financial administration, including payment, receipt, accounting, cash ...