FM launches e-Bill system
Author: BI Bureau
New Delhi: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman launched the e-Bill system for Central government ministries on the 46th Civil Accounts Day here on Wednesday. In a phased manner, the new system will make the entire process of submission and backend processing of bills completely paperless and transparent. It is a major step forward in realizing the vision of ‘Digital India’ and promoting ease of doing business.
The objectives of the system are to provide convenience to all vendors/suppliers of the government to submit their bills/claims at anytime, from anywhere; eliminate physical interface between suppliers and government officers; enhance efficiency in processing of bills/claims; reduce discretion in processing of bills through ‘First-In-First-Out’ (FIFO) method.
Currently, the suppliers of various goods and services to the government have to submit physical, ink-signed copies of their bills to the respective ministries, departments/offices of the Government of India. Similarly, the government employees also need to submit hard copies of their claims. At the backend too, the processing of bills is done through a mixed system of physical and digital modes. So the suppliers/vendors or their representatives need to visit the offices to deliver bills.
Under the newly launched e-Bill system, vendors, suppliers can upload their bills online along with supporting documents from the convenience of their homes and offices at any time through digital signature. For those not having a digital signature, the facility of e-sign using Aadhaar has also been provided. So, the suppliers will no longer be required to visit the offices concerned for this purpose. At the backend too, the electronic bill received will be processed by the authorities digitally at every stage and finally, the payments will be credited digitally to the bank account of the vendor.
The vendor/supplier would be able to track the status of processing of their bills online. Thus, the new system will bring in a lot of efficiency and transparency in the system and is a big citizen-centric decision of the Government of India. The e-Bill system has been developed by the Public Financial Management System (PFMS) Division in the office of the Controller General of Accounts in the Department of Expenditure, Ministry of Finance. The bills will be processed by First-In-First-Out (FIFO) method.
In addition to promoting ease of doing business and bringing convenience to lakhs of vendors/suppliers, the e-Bill system will be environment friendly, eliminating the need to submit crores of paper bills annually and will thus save tonnes of papers every year. The e-Bill system has an elaborate digital storage facility for retrieval of documents and a robust audit trail. /BI/
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The exports of agricultural commodities from March to June 2020 shot up by 23.24 percent on-year to Rs 25,552.7 crores.
As the economy comes to a standstill amid the coronavirus-led lockdown, India’s agriculture sector has taken the baton of economic growth in its hands. The exports of agricultural commodities from March to June 2020 shot up by 23.24 percent on-year to Rs 25,552.7 crores, according to the Ministry of Agriculture & Farmers Welfare. The government said that self-reliant agriculture is critical for the goal of an Atmanirbhar Bharat and for this, agricultural export is extremely important as besides earning foreign exchange for the country, the exports help farmers, producers, and exporters to take advantage of the wider international market and increase their income.
The surge in exports has also resulted in increased production in the farm sector by increasing coverage area and productivity. The share of India’s agricultural exports and imports in the world agriculture trade in 2017 was 2.27 percent and 1.90 percent, respectively. Even during the difficult time of pandemic lockdown, India took care not to disturb the world food supply chain and continued to export, the government said.
Ministry of Agriculture has prepared a comprehensive action plan for the promotion of Agri trade; the twofold approach focuses on boosting Agri Export with emphasis on value addition and action plan for Import Substitution. Recently, the Agriculture sector has witnessed a series of reforms, giving more choices to the farmers to sell their produce at competitive rates.
To mention a few, the Export strategy focuses on the export promotion of fast-evolving niche markets of Wellness food/ Health-conscious food/nutraceuticals, Development of “Brand India” in campaign mode to help penetration into new foreign markets and of new products which automatically translates into higher value realization, Gulf countries have been identified as focus destination to increase the market share which is a strong market for India though presently India caters to only 10-12% share of their total imports. A product-market matrix has been made containing a list of products of strength that could be expanded in new geographies and a list of known markets which can be introduced with newer products.
At the behest of the Department of Agricultural Cooperation & Farmers’ Welfare, Ministry of Agriculture, product-specific Export Promotion Forums have been created to lead Agri exports to new heights. Each Export Promotion Forum shall be having exporters of the related commodity as its members along with official members representing concerned Ministries/Departments of the Central and State Governments. Chairman APEDA shall be the chairman of each of these forums. The forums will meet at least once every two months, to discuss recommendations on issues pertaining to the export.
The recommendations of the forum will be placed in the product committee / Authority of APEDA. The Forum will keep in close contact with the concerned organization of the Ministry of Agriculture such as MIDH, Extension, NPPO, etc., DGFT, Ministry of Civil Aviation, MoFPI, etc. to further the interest of agricultural export.
