Puducherry, Mar 3 (UNI) The RBI today imparted training to sensitise senior officials of the territorial administration on the new system of accounting to operate finances of the Union Territory on its own in real terms and encourage strict financial discipline.
All the Government Secretaries, head of the departments and senior level officals took part in the training given by RBI, Chennai, Department of Economic Analysis and Policies, Director, B Ananthaswamy and RBI, Nagpur, Central Accounts Section, Assistant General Manager, C N Balwir.
It may be noted that the cash balance of the Government of Puducherry has been separated from the consolidated fund of the Centre, after amending the Government of the Union Territories Act 1963. Now the Government of Puducherry has its own public account and RBI is monitoring the receipts and expenditure transactions on a day-to-day basis with effect from December 17, 2007.
UNI PAB GKT SY AS2017