NEWS
- 28 April | India to Witness Deadliest Event of World History Mega El Nino Click Here →
- 15 April | The 3-Attempt Strategy No One Talks About | How He Scored 420+ in GS Click Here →
- 30 March | The Honest UPSC Talk Nobody Tells You Click Here to see Abhijit Asokan AIR 234 talk →
News: The Union Minister of Rural Development has released the “Financial Management Index for Rural Development Programmes”.
Facts:
- Aim: To rank states on efficient management of financial resources allocated for implementing rural development programmes.
- Parameters: The index will rank the States on the basis of following parameters:
- Preparation of annual plan and projecting the requirement of funds for the financial year;
- Expeditious release of State’s share;
- Timely utilization of the funds and submission of the Utilization Certificates;
- Optimum implementation of Public Financial Management System (PFMS) & Direct Benefit Transfer(DBT);
- Internal Audit and
- Social Audit.
- Significance: The performance of the States in the Index would promote the spirit of competitive, cooperative federalism amongst States.
