Government Bank Dashboard & Manual Initiative

Recently, the Controller General of Accounts launched government bank dashboard and government bank manual in New Delhi.

• The initiatives are aimed at strengthening the governance and efficiency of banks handling government transactions.
• The government bank manual provides a comprehensive and standardised framework for banks for handling government business.
• It clearly defines operational procedures, reporting obligations, reconciliation timelines, and compliance requirements.
• It aims to reduce ambiguity, mitigate operational risk, and strengthen accountability across all stakeholders.
• The government bank dashboard introduces real-time, data-driven monitoring of critical banking functions wrt government business.
• It tracks key performance indicators such as remittance ....