<h1>Celebrating 47th Civil Accounts Day in New Delhi: Honoring ICAS's Role in Strengthening India's Public Financial Management Since 1976.</h1> The 47th Civil Accounts Day will be celebrated in New Delhi to commemorate the foundation of the Indian Civil Accounts Service (ICAS), established in 1976. The event will feature the Union Minister of State for Finance and the Union Finance Secretary. The ICAS, responsible for separating the Union Government's accounts from audits, plays a crucial role in public financial management. It oversees budgeting, payment, accounting, and pension disbursements, aiming for a robust financial system. The Public Financial Management System (PFMS) has enhanced financial administration, enabling efficient fund management and improving transparency and accountability in government schemes.