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| India Defence Minister AK Antony (right) dedicating the FIS to Indian Navy, the chief of Naval Staff Admiral Nirmal Verma (right) also seen |
Lauding the Navy’s initiative as a major initiative in the field of financial
management Antony said “I hope other two services and all the other departments
of the Government of India will follow this timely and useful initiative of the
Indian navy. I would like to congratulate the navy for taking this timely
initiative”.
Speaking about the need for judicious utilization of the nations fiscal
resources, the Defence Minister said “Now our defence budget is touching nearly
2 lakhs crores, in actual terms 1,93,000 Crores, and in the years to come this
will further step up every year, substantial step up is there.”
Ever conscious of the need for fiscal prudence Antony
stressed this aspect saying “Every rupee that we get from the Indian Tax payer
we must utilise it properly effectively and as per the priority.”
The FIS, a comprehensive financial information system, will facilitate
effective planning, allotment, expenditure and monitoring of the Naval Budget.
The system will link the New Delhi based Naval Headquarters
with the three Command Headquarters and various ships and establishments
located far and wide across the country.
The onerous task of Budget Management involved monitoring allotment and
expenditure across about five hundred Code heads being spent by six hundred and
fifty units across the Navy.
The implementation of FIS marks a transition from the
predominantly manual system of budget management and will reduce the delays and
efforts involved in data collation and reporting, inherent in any manual
system. By consolidating the transactions of disparate organizations across the
various code heads on a single unified platform FIS will enable timely decision
making to ensure optimal utilisation of budget.
Saying that the FIS “is another step in the series of measures to bring about
more probity, accountability and transparency in our public dealings and
financial transactions”, Antony stressed upon the need to “Overcome existing
constraints and enhance integration of CDAs to ensure maximum utilization of
the FIS”.
The Financial Information System (Navy) is built on SAP Enterprise Resource
Planning tools and has been custom configured and developed by M/s Wipro for
the Indian Navy.
Earlier in the function, giving the welcome address the Vice Chief of Naval
Staff Vice Admiral RK Dhowan had pointed out that the Indian Navy had fully
utilized its allocated budget for the last six years.