Electronic Cash Management Product launched at Border Roads Organisation
Cash Management Product (CMP) platform was launched by Sh Mohan Lal, Additional Director General, Border Roads (North-West), Chandigarh during a function held at the office of Border Roads Organisation, Chandigarh in the presence of Shri Sanjiv Mittal, IDAS, Principal Controller of Defence Accounts (Border Roads), Shri Rakesh Sehgal, IDAS, Principal Controller of Defence Accounts (Western Command) and Shri Sham Dev IFA(WC) and others from Defence Accounts Department and Border Roads Organisation .
This Cash Management Product (CMP), is an online payment through an automated process for immediate payments to the beneficiaries that will reduce involvement of manpower, paper-work and will enhance the transparency. The Government Accounts will be settled with Reserve Bank of India on day-to-day basis with end-to-end reconciliation of funds. The programme will be adopted throughout BRO in a phased manner and with this initial launching approximately 30000 people will be benefitted.
During his address, the Chief Guest Shri Mohan Lal, Additional Director General Border Roads (North-West), said that with the launch of CMP, the higher management will be in a position to know the real time expenditure of their respective formations.
While speaking on the occasion Shri Sanjiv Mittal, the Principal Controller of Defence Accounts (Border Roads) said CMP will be a game changer from this existing practice of placing cash assignments on treasury branches across India for running field units of Border Roads Organisation.
The event was followed by a plantation drive to mark this historic occasion where all senior officers planted the saplings in the premises of Border Roads Organisation.
- PRO Chandigarh
Shri Mohan Lal, Additional Director General, BRO (North-West), lighting a lamp to inaugurate the event of launching Cash Management Product at BRO. Shri Sanjiv Mittal, IDAS, Principal Controller of Defence Accounts, BRO is also seen.
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(L-R) Shri Sham Dev IFA(WC), Shri Mohan Lal, Additional Director General, BRO (North-West), Shri Sanjiv Mittal, IDAS, Principal Controller of Defence Accounts, BRO, and Shri Rakesh Sehgal, IDAS, Principal Controller of Defence Accounts (Western Command) during the launch of Cash Management Product at BRO.
Shri Mohan Lal, Additional Director General, BRO (North-West), delivering his speech during the launch of Cash Management Product.
Shri Mohan Lal, Additional Director General, BRO (North-West), planting a sapling to mark the occasion.