MEA Organises Training Course for Govt officials from Nepal

The Ministry of External Affairs had organised a training course for the officials of the Government of Nepal on ‘Global Perspectives on Public Financial Management’ at the Institute of Government Accounts and Finance (INGAF) in New Delhi. The training programme was part of the Indian Technical and Economic Cooperation (ITEC) programme.
It was a special tailor-made training programme on Public Finance Management designed at the request and requirement of the Ministry of Finance of Nepal for a total of 62 officials.
The training was aimed at enhancing the capabilities of the officials in global practices dealing with e-payment system, accounting & cash management, public borrowing system, accounting of foreign loans/grants and repayments, pension payment system, internal audit, fiscal responsibility and budget management, etc.

Indian Technical and Economic Cooperation (ITEC)

The Indian Technical and Economic Cooperation (ITEC) Programme was instituted on 15 September 1964 as a bilateral programme for providing assistance from the Government of India. The ITEC programme was constituted based on the underlying belief that it was necessary to establish relations of mutual concern and inter-dependence based not only on commonly held ideals and aspirations but also on solid economic foundations. Technical and economic cooperation was considered to be one of the essential functions of an integrated and imaginative foreign policy.
The ITEC Programme is fully funded by the Government of India. Due to the various successful initiatives of ITEC, there is now a visible and growing awareness among other countries about the competence of India as a provider of technical know-how and expertise as well as training opportunities, consultancy services and feasibility studies. As a result, these programmes are generating immense goodwill and substantive cooperation towards India among the developing countries.

Month: Current Affairs - February, 2019