REGISTERED No. D.(D)-72
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
{No. 208] NEW DELHI, WEDNESDAY, NOVEMBER 3, 1975/KARTIKA 12, 1898
Separate paging is given to this Part in order that it may be filed
as a separate compilation
MINISTRY OF FINANCE
(Department of Expenditure)
RESOLUTION
New Delhi, the 1st November 1976
No. 2(96)/76-Special Cell.—The programme for departmentalisation of accounts in the Ministries and Departments of Government of India has been imp!emented. inthree—phases, the last and final phase of integration of accounts with the Living been completed on 1st October, 1976. The major objective of accounts is to improve the financial competence of the Ministries and Departments and make accounts an effective tool of management using timely and accurate flow of financial and accounting information, for programming, budgeting and evaluation of various activities and for the optimum utilisation and efficient monitoring of resources. In order to fully utilise the potential of the. new accounting organisation. Management Accountancy System should be evolved on suitable lines in Government. A comprehensive Management Infor- mation System should also be built up in the Ministries and Departments for the proper interpretation and utilisation of accounting data for purposes of policy formulation, effec- tive utilisation of funds and achievement of maximum efficiency at optimum costs. Since the range of Government activities go far beyond the confines of routine administration and cover a wide spectrum of economic and social activities of vital importance to the country Management Accountancy and the Management Information System to be deyelop- "ed will also have to be multifaceted and shaped to suit the requirements of each Ministry/ Department To consider and make recommendations regarding Management Accountancy
(I65I)
I652 THE GAZETTE OF INDIA EXTRAORDINARY PART I—St;c. 1concepts and Management Information System, an Advisory Committee is hereby appointed imaei the Chairmanship of Finance Minister consisting of the following members.
(1) Finance Secretary
(2) Secretary (Expenditure)
(3) Secretary (Industrial Development)
(4) Additional Secretary, Department of Personnel & Administrative Reforms
(5) Chief Cost Accounts Officer, Ministry of Finance, Department of Expenditure Government of India
(6) Shri V, G. Rajadhyaksha, Chief Consultant & ex-ofluio Secretary, Planning Commission
(7) B, R. Maheswari, President, The Institute of Chartered Accountants of India, New Delhi.
(8) Shri A. K. Biswas, President, The Institute of Co.>t and Works Accountants of
India, Calcutta
(9) Shri V. A, Pai Panandiker, Director, Centre for Policy Research, New Delhi.
(10) Prof. V. S. Murty, Professor of Business Management, J. Bajaj Institute of Management, University of Bombay, Bombay
(11) Shri S. K. Bhattncharyya, Professor of Management, Indian Institute of Manage-
ment, Ahmedabad
(12) Controller General of Accounts (Convener)
2. The terms of reference of the Committee shall be to :
(1) consider and recommend concepts of Management Accountancy suitable to the needs of Ministries and Organisations engaged in economic and welfare activities.
(2) recommend installation of integrated management information system for cap- turing, processing and presentation of reliable and timely accounting informa- tion to management for planning, policy formulation, control and supervision and decision making.
(3) evaluate the system for Receipt and Payment accounting of the departmentaliscd accounting organisation in the Ministries and Departments of the Govern- ment of India to assess how far the system and its technique1! are in conso- nance with the principles of Management Accounting and to suggest improve- ments.
(4) evaluate the present status of performance budgeting in Central Government and State Governments and assess the scope for utilising performance budgeting techniques at various administrative levek for setting up standards and norms for measuring performance and for evolving procedures for comparison of actual performance with budgetary targets.
(5) review the system of exchequer control in the Departments and Ministries so that there may bc effective monitoring of expenditure in relation to provisions in the budget including quantitative appraisal of performance and qualitative assessment as to whether the objectives of the programme arc being fulfilled.
(6) consider and recommend appropriate information processing and review systems utilising modern methods and techniques like mechanisation, Electronic Data Processing and Computerisation, and
(7) devise training programmes suitable for Senior and Middle levels of adminis^ tralion and accounts.
ORDER
Ordered that a copy of the Resolution may be communicated to all concerned and it be published in the Gazette of India for general information,
B. MA1THREYAN, Addl. Secy.
1653
j;654 T HE GAZETTE OF LNDIA EXTRAOjRDINAEY PAR? I—SIC.