India, Feb. 10 -- The Government of India has issued a release:
Public Financial Management System (PFMS) is a web-based online transaction system for fund management and e-payment to implementing agencies and other beneficiaries.
Government has mandated PFMS as a single platform for payment, accounting & reconciliation of government transactions and DBT, while integrating various existing standalone systems. Several cash management modules have been introduced on PFMS for better fund management, including Single Nodal Agency (SNA), Treasury Single Account (TSA), Central Nodal Agency (CNA) and Single Nodal Agency Samyochit Pranali Ekikrit Shighra Hastantaran (SNA SPARSH).
The SNA SPARSH and SPARSH - Direct Benefit Transfer (DBT) for Cent...