Monday, Jul 4 2022 | Time 09:06 Hrs(IST)
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States


Haryana to establish non-banking financial company for management of surplus funds

Haryana to establish non-banking financial company for management of surplus funds

Chandigarh, Mar 11 (UNI) Haryana government will establish a new Non-Banking Financial Company - Haryana State Financial Services Limited- to act as an in-house treasury manager for efficient management of surplus funds of public enterprises, autonomous bodies of Haryana and other state entities and it is expected to become operational in the first quarter of 2018-19.
Stating this here, Finance Minister Capt Abhimanyu said that the state government has decided to restructure its State Subordinate Accounts Services and Audit cadre, to promote highest standards of professional competence in areas of accounting and auditing. The Institute of Public Auditors of India, Chandigarh, is conducting a study for this purpose. This would facilitate the cadre to do their job in a more professional manner and eventually result in better management of state finances in government departments as well as public sector enterprises.
He said that the state government has set up Swarna Jayanti Haryana Institute for Fiscal Management to provide structured training and research programmes for government officers and officials in the areas of public finance policy, financial management and financial administration, with specific focus on taxation, budgeting, financial planning, audit and accounts management procedures and policy issues.

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Maharashtra reports 2,962 Covid cases and 6 deaths

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Monsoon active in HP in past 24 hrs, several places lashed by heavy rainfall

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6254 quit constable re-examination after paper leak

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Mortal remains of Rakesh Babli confined to flames

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