Union Minister Rajnath Singh has launched several digital and financial management initiatives during the 279th Annual Day of the Defence Accounts Department (DAD) held at DRDO Bhawan in New Delhi.
As part of the event, the System for Accounting and Knowledge Sharing Management (SAKSHAM), which serves as the bill audit and payment system of the DAD, was integrated with the Indian Army Financial Information System (IAFIS).
The Treasury Single Account (TSA) system was operationalised through the Payment Routing and Integrated System Management (PRISM) platform and integrated with the Reserve Bank of India (RBI) e-KUBER system. A revamped National Compilation System (NCS) was also introduced to function as a unified platform for the accounting and compilation of overall defence expenditure.