Defence Minister Rajnath Singh launched new digital financial systems in New Delhi on October 1, including a link between the Army’s financial information system and the Defence Accounts Department’s SAKSHAM platform. The launch took place at the department’s 279th annual-day programme.
Defence Watch reported that the connection allows budget, sanction and bill information to move between the two systems, with bill status and available balances shared in real time. Its purpose is to support paperless processing rather than require the same information to remain in separate administrative systems.
The programme also introduced a revamped National Compilation System for defence expenditure and the PRISM payment platform. Akashvani confirmed those launches. PRISM supports Treasury Single Account payments and, according to Defence Watch, connects with the Reserve Bank’s eKUBER system for timely releases to autonomous bodies.
Singh called for closer financial coordination among the Army, Navy and Air Force. The announcements concern accounting and payment infrastructure; they do not themselves establish a new defence-spending allocation or independently verified savings.