Brief of 9th Meeting of Committee on Public Finance & Government Accounting held on 23rd April, 2012 at ICAI Bhawan, New Delhi

The Committee on Public Finance & Government Accounting conducted first meeting of the Council Year 2012-13 and cumulative 9th meeting of the Committee on 23rd April 2012 at ICAI Bhawan, I P Marg, New Delhi.

While welcoming the Committee Members the Chairman apprised about the initiatives of the Committee. He said that this Committee was constituted with a very specific objective of suggesting measures to the Central, State & Local Government to ensure proper utilization and control over Public Finance. In order to give more visibility to the initiatives of Committee on Public Finance & Government Accounting and ICAI as a whole, it was decided to constitute State Level Task Forces with Central Council Member as the Convenor. It was also discussed to organise Awareness Programmes on the theme “Rising to the Challenges in Public Finance & Government Accounting� on PAN India basis. The Chairman also expressed the need to help the public sector undertakings in their capacity building measures.

The Chairman appreciated the efforts of the Committee Secretariat in bringing out publication on “Fiscal Responsibility & Budget Management Act: A Review of the Performance of Enacted States�.

The Ready Referencer consisting of commonly used terms in the field of Public Finance & Government Accounting prepared by the Committee Secretariat was also appreciated by the members.

The Committee Members present took keen interest in the activities and agenda of the Committee and appreciated the efforts of the Committee and put forward their suggestions thereon.

The meeting ended with the vote of thanks to the Chair.