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.