CSIR Submits Annual Accounts for FY 2024–25 to CAG
ECONOMY & POLICY

CSIR Submits Annual Accounts for FY 2024–25 to CAG

The Council of Scientific and Industrial Research (CSIR) has set a remarkable benchmark in financial management and institutional efficiency by submitting its Annual Accounts for the Financial Year 2024–25 to the Comptroller and Auditor General (CAG) of India on April 1, 2025. This milestone was achieved three months ahead of the statutory deadline of June 30, 2025, underscoring CSIR’s dedication to financial governance, administrative transparency, and process efficiency.

This achievement is the result of coordinated efforts across CSIR Headquarters and its 38 constituent laboratories and institutions across the country. A key factor in this success has been the implementation of the Accounts Management System (AMS) software, developed entirely in-house. Conceptualised and built by a team of CSIR officers, including Shri S.P. Singh, Senior Deputy Financial Adviser; Shri Arvind Khanna, Financial and Accounts Officer; and Ms. Akansha Trehan, Technical Officer, the software has revolutionised financial consolidation by enabling real-time data integration, improving accuracy, and expediting the preparation of accounts.

The initiative was undertaken under the leadership of Dr. N. Kalaiselvi, Director General, CSIR, and Secretary, DSIR, with financial oversight from Shri Chetan Prakash Jain, Joint Secretary and Financial Adviser, CSIR/DSIR. Their guidance has ensured a seamless and efficient financial closure process.

By completing its financial reporting on the very first day of the new financial year, CSIR has set a new benchmark for public financial discipline and administrative excellence. This development serves as an inspiration for other scientific and public sector organisations aiming to enhance their financial efficiency and governance standards. CSIR remains steadfast in its commitment to continuously strengthening its financial systems and best practices in line with principles of good governance.

The Council of Scientific and Industrial Research (CSIR) has set a remarkable benchmark in financial management and institutional efficiency by submitting its Annual Accounts for the Financial Year 2024–25 to the Comptroller and Auditor General (CAG) of India on April 1, 2025. This milestone was achieved three months ahead of the statutory deadline of June 30, 2025, underscoring CSIR’s dedication to financial governance, administrative transparency, and process efficiency. This achievement is the result of coordinated efforts across CSIR Headquarters and its 38 constituent laboratories and institutions across the country. A key factor in this success has been the implementation of the Accounts Management System (AMS) software, developed entirely in-house. Conceptualised and built by a team of CSIR officers, including Shri S.P. Singh, Senior Deputy Financial Adviser; Shri Arvind Khanna, Financial and Accounts Officer; and Ms. Akansha Trehan, Technical Officer, the software has revolutionised financial consolidation by enabling real-time data integration, improving accuracy, and expediting the preparation of accounts. The initiative was undertaken under the leadership of Dr. N. Kalaiselvi, Director General, CSIR, and Secretary, DSIR, with financial oversight from Shri Chetan Prakash Jain, Joint Secretary and Financial Adviser, CSIR/DSIR. Their guidance has ensured a seamless and efficient financial closure process. By completing its financial reporting on the very first day of the new financial year, CSIR has set a new benchmark for public financial discipline and administrative excellence. This development serves as an inspiration for other scientific and public sector organisations aiming to enhance their financial efficiency and governance standards. CSIR remains steadfast in its commitment to continuously strengthening its financial systems and best practices in line with principles of good governance.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->