Saturday, June 7, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

e-PEMS & GIFT launched

July 22, 2019
in Uncategorized
Reading Time: 2 mins read
0
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

To enhance public financial management and to promote cashless payments, electronic Public Expenditure Management system (e-PEMS) and Global Interchange for Financial Transaction (GIFT) payment system was launched in Thimphu today. With the launch, any individual or business entity can claim the payments online from the government in about two hours’ time, which usually takes up to at least two days.

e-PEMS will enable crediting payments including civil servants’ travel and daily allowances. To claim the payment all one need is an account with any of the five banks. Once, the invoices are submitted, the government will make the payments through e-PEMS which will be facilitated by RMA’s GIFT payment system.

The online payment system will eliminate the use of manual cheques, simplify the bank reconciliation process and improve public service delivery through the reduced turn around time.

“This will go a long way because this system will also mitigate the risks associated with the handling of cash. The most important feature of e-PEMS is that we can draw a cash reconciliation at the end of the year and the payment transaction lead time is reduced from almost two days to barely two hours. At the same time, we are also launching GIFT system which is centralised kind of a system that is being maintained at the Central Bank and this will also facilitate the transactions of payments from one bank to another bank,” the Finance Minister Namgay Tshering said.

The introduction of the online payment system will help the government in making an informed decision on public expenditure.

“For RMA, we are going to take big advantage of this. we are going to use this granular data into aggregate and see on a month to month basis how the government expenditure is flowing to different kinds of expenditure heads. And then we might be able to advise the government,” Dasho Penjore, the RMA’s Governor, said.

“Then one of the most important policy is going to rise; it’s called the rationalisation of expenditure. Unless you don’t know how the expenditure is moving you cannot rationalise but once you have a very transparent, accountable data set on where the expenditures are moving then the government can take a decision on where to cut less and where to spend more.”

e-PEMS and GIFT payment system is also expected to minimise risks of fraud, corruption and reduce administrative burden and achieve the government’s initiative of moving towards a cashless economy.

Previous Post

MPs attend workshop on public hearings

Next Post

Bhutan’s Debt to GDP ratio increased to 111%

Next Post
Bhutan’s Debt to GDP ratio increased to 111%

Bhutan's Debt to GDP ratio increased to 111%

One-time special consideration for underage PP students this year

One-time special consideration for underage PP students this year

“The Agency or the employee, who is accountable?” a duped student.

"The Agency or the employee, who is accountable?" a duped student.

Please login to join discussion

RECOMMENDED NEWS

Ramsar ratified

13 years ago
3
Man killed by elephant in Samdrup Jongkhar

Man killed by elephant in Samdrup Jongkhar

6 years ago
3
NPPF completes 120-unit residential complex for Gelephu Hospital workers

NPPF completes 120-unit residential complex for Gelephu Hospital workers

1 year ago
36
Thimphu Police investigating alleged murder of 13-year-old girl

Thimphu Police investigating alleged murder of 13-year-old girl

1 year ago
29

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (278)
  • Education (413)
  • Entertainment (13)
  • Environment (61)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (9)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (516)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Phuentshogling Thromde installs reverse vending machine to promote recycling
  • Fixed deposit interest to be taxed at 10% under proposed Income Tax Bill
  • Yonphula Specialised Rehabilitation School to open next month
  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.