49th Civil Accounts Day marks foundation day of Indian Civil Accounts Service
Finance Minister Nirmala Sitharaman presided over the 49th Civil Accounts Day, marking the foundation day of the Indian Civil Accounts Service (ICAS), in New Delhi on 1 March 2025.
Summary
The 49th Civil Accounts Day, marking the foundation day of the Indian Civil Accounts Service (ICAS), was celebrated in New Delhi on 1 March 2025 with Finance Minister Nirmala Sitharaman as chief guest. She released a compendium on the Public Financial Management System (PFMS) titled 'Digitalisation of Public Financial Management in India: The Transformative Decade (2014-24)'. She said PFMS reaches 60 crore beneficiaries, delivers over 1,200 central and state schemes, integrates 31 state treasuries and works with 650 financial institutions, and that PFMS payments grew from 2 crore in 2015 to 250 crore in 2024. Controller General of Accounts Shyam S. Dubey and Expenditure Secretary Manoj Govil also spoke.
Key facts
- Date
- 1 March 2025, New Delhi
- Occasion
- 49th foundation day of ICAS
- Compendium
- Digitalisation of Public Financial Management in India: The Transformative Decade (2014-24)
- PFMS payments
- 2 crore (2015) to 250 crore (2024)
- CGA
- Shyam S. Dubey
Practice MCQs 2 questions
Civil Accounts Day, celebrated for the 49th time on 1 March 2025, marks the foundation day of which service?
Show answer
Correct answer: B — Indian Civil Accounts Service
Civil Accounts Day marks the foundation day of the Indian Civil Accounts Service (ICAS); the 49th edition was held in New Delhi on 1 March 2025.
At the 49th Civil Accounts Day (1 March 2025), the Finance Minister said PFMS payments had grown from 2 crore in 2015 to how many in 2024?
Show answer
Correct answer: C — 250 crore
Nirmala Sitharaman said the volume of PFMS transactions went up from 2 crore payments in 2015 to 250 crore in 2024.