PIB Summary & Analysis for RBI Grade B 2022 : 1st Aug 2021

Daily PIB Summary & Analysis for RBI Grade B 2022, NABARD Grade A 2021 and SEBI Grade A Exam. In this Article we will discuss Press Information Bureau (PIB) Programs and their Summary for RBI Grade B Economics and Social Issue Section.

Press Information Bureau (PIB) releases news related to the policies, programmes, initiatives and achievements of the Government of India. PIB releases are important to be read for the RBI Grade B Exam however, equally important is to know which PIB release should be read.

The Press Information Bureau (PIB) is the nodal agency of the government of India to broadcast and publicize information on government policies, initiatives, achievements and working of every ministry and department within the government through its official website using various articles, images and photographs.

The President of India, Shri Ram Nath Kovind will grace and address the commemoration of the 100th year of the Madras Legislative Council and unveil a portrait of the former Chief Minister of Tamil Nadu, Dr Kalaignar M. Karunanidhi in Chennai tomorrow (August 2, 2021)

Shuttler P V Sindhu bags bronze medal in Tokyo Olympics, becomes the first Indian woman to win two Olympic medal

• Sindhu defeated He Bing Jiao of China by 21-13 and 21-15 in the bronze medal match

DEPwD organises Samajik Adhikarita Shivir for distribution of aids & assistive devices to Divyangjan under the ADIP Scheme

• A ‘Samajik Adhikarita Shivir’ for distribution of aids and assistive devices to ‘Divyangjan’ under the ADIP Scheme and to Senior Citizens under the ‘Rashtriya Vayoshri Yojana’ of the Ministry of Social Justice and Empowerment, Government of India was organized by the Department of Empowerment of Persons with Disabilities (DEPwD in association with ALIMCO and District Administration Aurangabad (Bihar) at Town Hall in District Collectorate campus, Aurangabad

“Muslim Women Rights Day” was observed by different organizations across the country on 1st August 2021 celebrating the law against Triple Talaq

Union Home Minister Shri Amit Shah laid the foundation stone of the Uttar Pradesh State Institute of Forensic Sciences in Lucknow

Shri Deepak Das took charge as the new Controller General of Accounts here today. Shri Deepak Das is the 25th officer to hold the position of Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance, with effect from August 1, 2021. He will replace Smt. Soma Roy Burman.

The CGA is the Principal Accounting Adviser to the Government of India. The office is in the Department of Expenditure, Ministry of Finance, GOI.

• The office of the CGA has the mandate to establish and maintain a technically sound Management Accounting system.
• It also prepares and submits the accounts of the Central Government.
• It is also in charge of the exchequer control and internal audits.
• Controller General of Accounts Mandate

The Allocation of Business Rules 1961 gives the duties and responsibilities of the CGA, as mentioned below:

• General accounting principles related to the Central and State governments and form of accounts, and framing/revising rules and manuals.
• Reconciling cash balance of GOI with the Reserve Bank of India in general, and the reserve deposits about civil ministries or departments in particular.
• Supervising whether adequate standards of accounting are maintained by central civil accounts offices.
• Consolidating monthly accounts, preparing a review of trends of revenue realization and significant features of expenditure, etc. & preparing annual accounts, annual receipts, and disbursements.
• Administering the Central Government Account (Receipt and Payment Rules 1983) and Central Treasury Rules.
• Coordinating and assisting in the introduction of management accounting systems in civil ministries and departments.
• Cadre management of Group ‘A’ (Indian Civil Accounts Service) and Group ‘B’ Officers of the Central Civil Accounts Offices.
• Matters about the Central Civil Accounts staff belonging to Group ‘C’ and ‘D’.
• Disbursing pension to central civil pensioners, high court judges, ex-presidents, ex-MPs, and freedom fighters.

Point to Note:

• The CGA is not a constitutional body. But the CAG is a constitutional body. Another difference between the CGA and the CAG is that the CAG is an independent body while the CGA is not. It is under the Department of Expenditure.

The gross GST revenue collected in the month of July 2021 is ₹ 1,16,393 crore. The revenues for the month of July 2021 are 33% higher than the GST revenues in the same month last year.

Source : Multiple PIB Article