Ummid Assistant

Jamia Millia launches courses on China, Afghanistan

IGNOU launches value education programme for teachers

Welcome Guest! You are here: Home National

New e-payment system will bring down corruption: Pranab

Monday October 31, 2011 07:53:00 PM, IANS

New Delhi: A new electronic payment system, inaugurated Monday, will usher in transparency in the way ministries and various government departments pay their vendors and financial beneficiaries and will help in bringing down corruption, Finance Minister Pranab Mukherjee said here.

"This e-payment system will reduce the citizen interface by eliminating the beneficiary dependency on government office and officials to hand over the cheque since the payments would be effected directly into their accounts," Mukherjee said after inaugurating an electronic payment (e-payment) system here.

"A transparent payment trail would ensure that the entire payment process is trackable and delays can be monitored online. This would be a major initiative for good governance and would be an important tool in reducing corruption," he added.

The e-payment system, devised by the Controller General of Accounts (CGA) will make transactions cashless and make payments online into beneficiaries' accounts in a seamless manner under a secure environment.

"The system covering all central government departments and ministries is expected to eliminate almost two crore cheques. When it becomes fully operational in civil ministries, defence and railways, it is expected to cover a total payment of over Rs.6 lakh crore," he added.

The system will also expedite direct payments from various fund disbursing departments and agencies with respect to subsidies to users and consumers of fertiliser, kerosene and cooking gas.

The Finance Minister also said that the electronic payment systems are designed for automated processing and bank reconciliation, thereby reducing the costs of transactions and associated manual work in the involved public agencies, beneficiaries and banks.





Bookmark and Share

Home | Top of the Page



Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS




Top Stories

Caution! Efforts on to push AMU Maharashtra into a controversy

Their suddenly born interest in the AMU Maharashtra is also not only a clear attempt to keep people of Malegaon marginalised by denying them the AMU centre for which they 

Aligarians in Maharashtra throw weight behind AMU Malegaon

AMU team winds up Maharashtra tour; to decide on location in few days


  Most Read

Bail to Malegaon blast accused: Court directs NIA to submit stand on Nov 04

The National Investigating Agency (NIA) today sought more time from the Special Maharashtra Control of Organised Crime Act (MCOCA) Court to submit its stand on 

After threat to Zardari, PML-N offices set ablaze

Unidentified miscreants set ablaze offices of the opposition Pakistan Muslim League-Nawaz (PML-N) in different places of Sindh province Saturday night, a day after PML-N leaders threatened President Asif Ali Zardari to be ready to be hanged "upside down" or "resign and return looted national 


  News Pick

Whither Team Anna?

Anna Hazare is already planning his next move, with Team Anna having put up a united front in the face of 

Indore NGO demands Bedi return excess airfare

BBC prepares for the Queen's death!

BBC journalists are being imparted special training about reporting the Queen's death -- when it happens -- so that any possibility of committing an embarrassing gaffe can be avoided. BBC faced huge criticism in the wake  

Is anyone listening, ask hapless Manipur residents as blockade continues

For some, it has become a way of life. As the economic blockade in Manipur crossed an unprecedented 90 days, its residents continue to wait for a miraculous breakthrough, even as the situation  


Picture of the Day

Nashik District Magistrate P Velrasu greeting AMU Vice Chancellor Prof PK Abdul Aziz and Prof Anwar Jahan Zuberi, Dean Faculty of Social Sciences and former Vice Chancellor, University of Calicut, in Malegaon on October 26, 2011.




RSS  |  Contact us


| Quick links



Subscribe to

Ummid Assistant






About us




Government Schemes










Contact us





    Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.