J&K Government Approves E-Sanction and Fund Management Modules
What happened
The Jammu and Kashmir Government approved the implementation of e-sanction and re-appropriation and surrender modules within the Jammu and Kashmir Budget Estimation, Allocation and Monitoring System (JK BEAMS) across the Union Territory. This approval followed SASCI guidelines issued by the Ministry of Finance, Government of India, for strengthening Public Finance IT Infrastructure.
From dailyexcelsior.com
Why it matters
The e-sanction module will allow for the online preparation, processing, and issuance of administrative and financial sanctions through the prescribed authority hierarchy. The re-appropriation module will enable online submission and approval of proposals for fund adjustments, aiming to ensure timely and optimal utilization of budget provisions.
From dailyexcelsior.com