47th Civil Accounts Day was celebrated on 1st March at Dr. Ambedkar International Centre, Janpath, New Delhi. On this day the Indian Civil Accounts Service was established. Union Minister of State for Finance Shri Pankaj Choudhary was the chief guest on the occasion.
The Office of the Controller General of Accounts is the principal accounting advisor to the Government of India and oversees the country’s payment and accounting system. The organization ensures financial accountability through accounts and helps the executive in decision making. The mission of the organization is to operate an effective, reliable and accountable system for budgeting, payment, accounting and pension disbursement. It aims to provide a world-class and robust government-wide integrated financial information system and decision support system (DSS) across ministries.
The Indian Civil Accounts Service (ICAS) was formed in 1976 as a result of a landmark reform in public financial administration, when the maintenance of accounts of the Union Government was separated from auditing. As a result, the Comptroller and Auditor General of India was relieved of this responsibility. Two Ordinances i.e., the Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Amendment Ordinance, 1976 and Departmentalisation of Union Accounts (Transfer of Personnel) Ordinance, 1976 were promulgated by the President of India on 1st March, 1976 to initiate the process of separation of accounts from audit and paving the way for departmentalised accounts. Consequently, every year on 1st of March, organization celebrates its foundation day.