Delhi Government Approves Rs 261.66 Crore IFMS for Transparent Financial Management

The Delhi government has approved a Rs 261.66 crore Integrated Financial Management System (IFMS) for improved transparency and efficiency in financial management. The project, led by Chief Minister Rekha Gupta, will be developed over 90 months with Deloitte's assistance, enhancing fiscal governance and data integration across departments.

The Delhi government has given the nod to a Rs 261.66 crore Integrated Financial Management System (IFMS). This system aims to unify financial transactions and improve transparency, officials announced on Thursday.

In a recent meeting led by Chief Minister Rekha Gupta, the Expenditure Finance Committee approved this ambitious project. The IFMS will tackle current challenges like outdated IT systems and inefficiencies, streamlining financial workflows and enhancing governance.

The project spans 90 months and will be aided by IT major Deloitte. Hosted on the Ministry of Electronics and IT's platform, it promises robust security and scalability. With resources allocated, Delhi's financial management is set for a transformative upgrade.

(With inputs from agencies.)