How Can Technology Enhance Public Financial Management?
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Synopsis
On August 9, V. Vualnam, Secretary of the Department of Expenditure, emphasized the necessity for ICoAS officers to harness technology to improve public financial management. The event highlighted key initiatives and honored outstanding contributions within the cadre, marking a significant step towards a more efficient governance framework.
Key Takeaways
- Adoption of technology is crucial for improving public financial management.
- ICoAS officers play a vital role in achieving national economic goals.
- Robust training programs enhance the competency of officers.
- Collaboration on the iGoT Portal can enrich knowledge sharing.
- Recognizing outstanding contributions fosters motivation among officers.
New Delhi, Aug 9 (NationPress) V. Vualnam, Secretary of the Department of Expenditure (DoE), Ministry of Finance, on Saturday urged the Indian Cost Accounts Service (ICoAS) officers to adopt technology and innovation to improve the effectiveness and efficiency of public financial management.
While presiding over the Foundation Day of the ICoAS, he commended the weekly training program aimed at capacity building introduced by the ICoAS cadre and encouraged officers to actively engage in it.
Vualnam highlighted the significance of the iGoT Karmayogi initiative in enhancing the professional competency of officers and suggested that they connect with the iGoT Portal by creating concise courses based on their experiences and insights regarding the roles of ICoAS officers in various Ministries and Departments.
In his keynote address, he praised the dedication, expertise, and commitment of ICoAS officers in shaping India's economic landscape and stressed their crucial role in achieving the vision of Viksit Bharat.
Vualnam also honored three exemplary young ICoAS officers with the ‘Sarvottam’, ‘Ati Uttam’, and ‘Uttam’ appreciation certificates for their outstanding contributions.
The inaugural session was followed by three technical sessions, attended by the Secretary of Expenditure and the Chief Adviser (Cost).
Pawan Kumar, Chief Adviser (Cost) and head of ICoAS, provided a detailed presentation on the significant developments within the ICoAS over the past year.
In the second session, Anurag Goyal, Senior Adviser at NITI Aayog, discussed the evaluation of infrastructure proposals, emphasizing the importance of robust evaluation frameworks for efficient planning and execution. The third session, led by cybersecurity expert Gautam Kapoor, focused on the vital role of digital security in governance, offering strategies to enhance cyber resilience across government systems.
The 'ICoAS Day 2025' celebration served as a forum for capacity building, knowledge sharing, and strategic dialogue, reinforcing the service’s unwavering commitment to constructing a stronger, more resilient, and economically empowered India.
Point of View
It is imperative to recognize the crucial role of ICoAS officers in shaping India's economic future. The push towards technological adoption in public financial management is not just a trend; it's a necessity for a Viksit Bharat. Our commitment to enhancing governance through innovation reflects a progressive vision for the nation.
NationPress
19/08/2025
Frequently Asked Questions
What is the importance of technology in public financial management?
Technology fosters improved efficiency and effectiveness in public financial management by streamlining processes and enhancing transparency.
Who is V. Vualnam?
V. Vualnam is the Secretary of the Department of Expenditure under the Ministry of Finance in India.
What is the iGoT Karmayogi initiative?
iGoT Karmayogi is an initiative aimed at enhancing the professional competency of government officers through digital learning.
What recognition did ICoAS officers receive?
Three young ICoAS officers were honored with ‘Sarvottam’, ‘Ati Uttam’, and ‘Uttam’ appreciation certificates for their exemplary contributions.
What was discussed during the technical sessions?
Sessions covered infrastructure proposal evaluations and strategies for enhancing digital security in governance.
