The Council of Scientific and Industrial Research (CSIR) has reached a significant milestone 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 submission has been accomplished three months ahead of the statutory deadline of June 30, 2025.

This early submission reflects CSIR’s continued commitment to sound financial governance, administrative transparency, and process efficiency. It is the result of coordinated efforts across CSIR Headquarters and its 38 constituent laboratories and institutions located across the country.

The Integrated Finance Division Team presenting the Balance Sheet and Annual Accounts to DG, CSIR

Shri Chetan Prakash Jain, JS&FA, CSIR lead IFD team submitting the Annual Accounts for the Financial Year 2024–25 to the CAG

A key enabler of this achievement has been the successful implementation of the Accounts Management System (AMS) software, developed entirely in-house. The system was conceptualized and developed by a team of CSIR officers comprising Shri S.P. Singh, Senior Deputy Financial Adviser; Shri Arvind Khanna, Financial and Accounts Officer; and Ms. Akansha Trehan, Technical Officer. The software has enabled streamlined, real-time financial consolidation and has brought greater accuracy and timeliness in the preparation of accounts across the CSIR system.

The initiative was undertaken under the guidance of Dr. N. Kalaiselvi, Director General, CSIR and Secretary, DSIR, and was steered under the financial leadership of Shri Chetan Prakash Jain, Joint Secretary and Financial Adviser, CSIR/DSIR.

By completing the process of annual financial closure and submission on the very first day of the new financial year, CSIR demonstrates the viability of achieving high standards in public financial reporting. This development serves as a benchmark for other scientific and public sector organizations striving to enhance financial discipline and administrative performance.

CSIR remains committed to further strengthening its systems and practices in alignment with the principles of good governance.

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NKR/PSM

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