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Nirmala Sitharaman Says: GST & DBT Introduction Silent Revolutions

GST & DBT Silent Revolutions

In commemoration of 44th Civil Accounts Day, the Finance Minister Mrs Nirmala Sitharaman addressed the public saying that the introduction of new Indirect Tax GST What is GST and why it matters to you? Read out all impacts, including pros and cons of Goods and Services Tax on you and Indian government economy. Read More and Direct Benefit Transfer (DBT) is the “Silent Revolution of the Country”. She said that is the best example of a silent revolution any democratic country can show.

She inaugurated the “44th Civil Accounts Day” event which was organised by the CGA of India.

At the event, the Finance Minister also said that India is proud of the civil accountants for creating the product named ‘Public Financial Management Systems’ (PFMS). She said that the revolutionised technology driven PFMS has empowered India and made it more accountable, transparent and responsive. The product is designed to help government agencies in processing and tracking the payments.

Read Also: Uptight GST Software To Pave Path For Complete Indirect Tax Regime GST (Goods and Services Tax) has come a long way even after facing a lot of problems. The government of India took a very important step by introducing GST. Read More

She said that more than INR 1 lakh crore are being saved by the efficient and effective use of technology. Adding further she said that the officers have proved that Indian Finance is not opaque.

She said that this is the biggest use of technology that they saved INR 1 lakh crore through DBT and that corruption can be removed from the society with the help of technology.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Devesh Sharma (Ex-employee)
Devesh, an internet enthusiast, likes to surf different websites to gather reliable and accurate data and is very passionate about writing, Currently placed as a Content Writer at SAG Infotech is into writing about different tax-related contents and is willing to go beyond the perimeters to write more precisely, his articles offer great details to the facts and the products. View more posts
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