Launch of e-Bill processing system
Part of: GS-Prelims and GS-II: Governance
In News: Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman launched the Electronic Bill (e-Bill) processing system, announced in Union Budget 2022-23.
- Part of ‘Ease of Doing Business (EoDB) and Digital India eco-system’ to bring in broader transparency and expedite the process of payments.
What is e-Bill processing system?
- The e-Bill Processing System is a step towards enhancing transparency, efficiency and a faceless-paperless payment system. Now suppliers and contractors will be able to submit their claims online, which will be tracked on real-time basis.
- In simpler terms, e-Billing is a way of transacting bills digitally rather than the traditional use of paper. Customers can get their bills online, via email, or in machine-readable data forms when billed electronically.
- As e-Billing is time efficient, this would be a quick and simplified way better fitted to the government’s call for making India digital. It would also reduce errors.
The e-Bill system has been rolled out on a pilot basis in eight ministries. It will be implemented in all ministries and departments in a phased manner in 2022-23.
News Source: PIB