GOVERNANCE/ SCIENCE & TECH/ POLITY

Topic: General Studies 2,3:

Digitisation of Government Financial working

Context: A case for three-phase transition to mandatory digital payments, accounting, and transactions for government proposed by the CAG under a new project and law called DATA (Digital Accountability and Transparency Act) 

What are the goals of DATA?

What steps are needed to make DATA a reality?

Covering the distance between these needs three elements: 

  1. 100 per cent end-to-end electronic data capture: All receipts and expenditure transactions including demands, assessment, and invoices should be received, processed, and paid electronically.
  2. Data governance for standards across all government entities: Data standards are rules for describing and recording data elements with precise meanings and semantics that enable integration, sharing, and interoperability.
  3. Technology architecture that must ensure that all IT government systems should conform to a prescribed open architecture framework (for instance, IndEA) while ensuring robust security and maintaining privacy.

What are the advantages of DATA?

  1. Long Overdue reform:
  1. Reduce errors 
  1. Enhance transparency & accountability
  1. Addresses the problem of siloed IT systems 
  1. Addresses concerns of fiscal data
  1. Enables the use of cognitive intelligence tools 
  1. Cost efficiency

Connecting the dots:

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