Itanagar, Aug 30: With the aim of making the employees working in Finance and related departments of the state government more knowledgeable about the latest financial rules and regulations and thereby ensure smooth transaction of government funds, a workshop was conducted today here at the at D. K. Convention Centre, arranged jointly by the Finance department and a private organisation.
FAOs/TOs/DDOs and staff from the Finance department, Accounts & Treasuries and Audit & Pension departments participated in the workshop. 
Finance Secretary Y. W. Ringu reminded the DDOs of the need for remaining updated about the latest financial rules and cited the example of the incidence when a particular state government employee was drawing salaries from two places since March 2019 and expressed serious concern over such a lapse, adding that action would be initiated against the defaulters. She passionately appealed the participants, especially the DDOs to take the workshop seriously and apply the skills and knowledge acquired from the workshop in their day-to-day official work to avoid such discrepancies in future. Through a Power Point Presentation, Director of Accounts and Treasuries and  Biju Mozumdar from Hero Mindmine Pvt Ltd, the collaborator of the workshop, touched upon the important facets of the National Pension Scheme (NPS) which was introduced in Arunachal Pradesh w.e.f. 1.1.2008 when it was then known as the New Pension System.
As per rules, Director of Accounts & Treasuries shall maintain the NPS Accounts of the subscribers fetching interest at par with GPF as a temporary arrangement. An agreement was signed between GoAP and National Security Depository Limited (NSDL) on 8.1.2013 which is the Central Record Keeping Agency (CRA) and thereafter signing of a MoU between state government and National Pension System Trust on  3.4.2013 followed by another signing of an agreement with The Pension Fund Regulatory Development Authority (PFRDA) on 20.5.2013. Till date 19,539 employees are registered under the New Pension System. Initially, Permanent Pension Account Number (PPAN) was allotted to the NPS subscribers. From the financial year 2016-17, Employer’s Contribution is remitted by the DAT on receipt of the Employees monthly contribution i.e. NPS deduction Schedule and equal amount through Bank Draft. 
In order to ease out the problem faced in clearing Bank Draft, direct deposition of NPS subscriptions  to the dedicated NPS Current Account by the DDOs routing through Treasuries and Sub-Treasuries were introduced from 7.2.2018. NPS fund of the Permanent Retirement Account Number (PRAN) holders are thus transferred to NSDL Trust through Trustee Bank.
Till date, 18071 PRAN are generated out of which 5687 are converted from Non IRA PRAN and the Directorate of Accounts and Treasuries is yet to receive duly filled Form CSRF (Common Subscriber Registration Form) from 1468 subscribers for conversion to IRA PRAN from Non IRA PRAN. Letters to the concerned DDOs for doing the needful has been issued. The total amount uploaded to Central Record Keeping Agency (CRA), NSDL, Mumbai up to 15.8.2019 is amounting to Rs. 391,52,66,046 including NPS amount of AIS officers. 
Earlier, Joint Director of Audit & Pension, S.K. Bagra threw light on the importance of the workshop and urged all participants to learn from it with enthusiasm and interest. 

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Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
Phone: 0360-2212313

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