Secretary Expenditure Shri V. Vualnam presides over the Foundation Day celebration of Indian Cost Accounts Service (ICoAS) Day 2025 in New Delhi today
In News:
Shri V. Vualnam, Secretary, Department of Expenditure, Ministry of Finance, presided over the Foundation Day of the Indian Cost Accounts Service (ICoAS) in New Delhi. The event’s theme was ‘ICoAS in SAM@₹TH भारत’, highlighting the role of ICoAS officers in advancing the vision of Viksit Bharat.
Key Points:
- Indian Cost Accounts Service (ICoAS): A Group ‘A’ service under the Department of Expenditure.
- Function: Plays a crucial role in costing, pricing, project evaluation, and financial management in the public sector.
- Theme Significance:
- SAM@₹TH भारत — indicates a financially empowered and resource-efficient India.
- Aligns with Viksit Bharat@2047 vision for a developed India.
- Department of Expenditure Role:
- Ensures sound financial management and optimal use of public funds.
- ICoAS officers support cost efficiency in government projects and schemes.
Updated : 09 AUG 2025 8:09PM by PIB Delhi
Indian Cost Accounts Service ICoAS Department of Expenditure Ministry of Finance Viksit Bharat SAM@₹TH Bharat Public Financial Management Costing in Government Projects Financial Efficiency Viksit Bharat@2047 Government Accounting Public Sector Costing Indian Economy Fiscal Responsibility Foundation Day Celebrations