De­fence Min­is­ter ded­i­cates In­dian Navy’s fi­nan­cial in­for­ma­tion sys­tem to the na­tion

SP's MAI - - MILITARY -

De­fence Min­is­ter A.K. Antony has ded­i­cated the In­dian Navy’s Fi­nan­cial In­for­ma­tion Sys­tem (FIS) to the na­tion. 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 util­i­sa­tion of the na­tion’s fis­cal re­sources, Antony said, “Now our de­fence bud­get is touch­ing nearly ` 2,00,000 crore, in ac­tual terms ` 1,93,000 crore, and in the years to come, this will fur­ther step up ev­ery year, sub­stan­tial step up is there. But even then con­sid­er­ing the se­cu­rity sce­nario around us, we will not be able to find re­sources as per the as­pi­ra­tions of the armed forces fully”. Em­pha­sis­ing the im­por­tance of lay­ing out proper pri­or­i­ties, he said that “We have pre­pared the an­nual plan, five-year plan and the LTIPP up to 2027.” Urg­ing other armed forces to take a cue from the In­dian Navy’s ini­tia­tive Antony said, “If the other ser­vices fol­low, will help you also, for a proper plan­ning how to utilise our rare re­sources.” Ever con­scious of the need for fis­cal pru­dence Antony stressed this as­pect say­ing: “Ev­ery ru­pee that we get from the In­dian tax­payer we must utilise it prop­erly, ef­fec­tively and as per the pri­or­ity. That is why I feel it is a very timely ini­tia­tive by the In­dian Navy. It will help the en­tire na­tion even at least en­tire gov­ern­ment if we can fol­low this ini­tia­tive with all the de­part­ments of the Gov­ern­ment of In­dia”.

The FIS, a com­pre­hen­sive fi­nan­cial in­for­ma­tion sys­tem, will fa­cil­i­tate ef­fec­tive plan­ning, al­lot­ment, ex­pen­di­ture and mon­i­tor­ing of the naval bud­get. The sys­tem links 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 500 code heads be­ing spent by 650 units across the Navy. The im­ple­men­ta­tion of FIS marks a tran­si­tion from the pre­dom­i­nantly man­ual sys­tem of bud­get man- age­ment and will re­duce the de­lays and ef­forts in­volved in data col­la­tion and re­port­ing, in­her­ent in any man­ual sys­tem. By con­sol­i­dat­ing the transactions of dis­parate or­gan­i­sa­tions across the var­i­ous code heads on a sin­gle uni­fied plat­form FIS will en­able timely de­ci­sion­mak­ing 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 util­i­sa­tion of the FIS”.

The Fi­nan­cial In­for­ma­tion Sys­tem (Navy) is built on SAP En­ter­prise Re­source Plan­ning tools and has been cus­tom con­fig­ured and de­vel­oped by Wipro for the In­dian Navy.

Ear­lier dur­ing the func­tion, the Vice Chief of Naval Staff Vice Ad­mi­ral R.K. Dhowan had pointed out that the In­dian Navy had fully utilised its al­lo­cated bud­get for the last six years. It is per­ti­nent to high­light that the In­dian Navy has con­sis­tently main­tained a healthy ra­tio of cap­i­tal bud­get to rev­enue bud­get. For the year 2012-13, the bud­get al­lo­ca­tion for the In­dian Navy stands at 68:32 for cap­i­tal rev­enue bud­get.

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