Electronic Bill Processing System
Nirmala Sitharaman, Union Finance Minister, will launch the electronic bill (e-Bill) processing system under the Digital India eco-system and ease of doing business.
Overview:
- This e-governance initiative was announced in the Budget 2022-23 by the Finance Minister.
- Across all departments and central ministries, the e- Bill system will be implemented.
- Implementing this system will help in enhancing efficiency, transparency, and a paperless- faceless payment system.
- Through this system contractors and suppliers will be able to submit their claim online and it will be trackable on a real-time basis.
- The launch of this electronic bill (e-Bill) processing system will take place in New Delhi as part of the 46th Civil Accounts Day celebrations.
About Electronic Billing
Electronic billing also known as e-Billing is a way of paying and sending bills electronically rather than through the use of paper. Customers can get bills online, via email, or in machine-readable data forms when billed electronically. For customers and businesses, the e-Billing process is efficient, quick, and simplified, which is why it is better suited to modern times.
Electronic billing increases efficiency saves time and lowers error rates. The transition from paper-based to electronic bills improves an organisation, fewer errors occur, reduces wastage and also helps in protecting the environment.
About Digital India
The Digital India programme was launched by the Indian government in 2015 to ensure that the government’s services are made available to the citizens electronically through increased Internet connectivity and improved online infrastructure, or by making the nation empowered digitally. This initiative has plans to connect the rural areas of India with high-speed internet networks.
This programme has three core components which are digital deliverance of government services, development of stable and secure digital infrastructure, and digital literacy.
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs