Para 7.20.5 — CAM
Original Rule Text
Existing reference of CAM Amendments Para 7.20.5
(a) The word "(-) credited", is replaced with the word, "debited". Para 7.20.1
(iv) and 7.20.5
(a) to The word "PFDRA", is replaced with the word, "PFRDA". (c)
This issues with the approval of the Controller General of Accounts.
(Narender Singh) Asstt. Controller General of Accounts (TA)
1. All Pr. CCAS/ CCAS/ CAs (IC) of Ministries/ Departments 2. DG (Govt. A/cs.), Olo Comptroller & Auditor General of India, Bahadur Zafar Marg, New Delhi 3. CC (Pension), CPAO, DoE, MoF, Trikoot-II, BhikajiCama Place, RK Puram, New Delhi 4. Director of Accounts, UTs Administration- Andaman & Nicobar Islands/ Dadra and Nagar Haveli and Daman & Diu/ Lakshadweep and Ladakh. 5. The AG(A&E), UT of Chandigarh Administration. 6.PAOs, Lok Sabha Secretariat/ Rajya Sabha Secretariat/ President Secretariat/Election Commission, Delhi 7. PAO (Audit), Olo AG (Audit), AGCR Building, IP Estate, New Delhi-2 8. Sr. A.O. (ITD), Olo CGA for uploading the correction slip on the website ofCGA.
Copy for information to: 1. Addl. CGA (PFMS) 2. Addl. CGA (HR&O) 3. Addl. CGA (A&FR) 4. Joint CGA (GIFMIS) 5. Joint CGA (ARPR)
What This Means
This paragraph records official amendments (corrigenda) to the CAM text for NPS-related provisions. Specifically, in Para 7.20.5(a), the word 'credited' was replaced with 'debited' to correct an accounting direction error. Additionally, throughout Paras 7.20.1(iv) and 7.20.5, the incorrect abbreviation 'PFDRA' was corrected to 'PFRDA' (Pension Fund Regulatory and Development Authority). These are technical corrections approved by the Controller General of Accounts.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Corrects 'credited' to 'debited' in Para 7.20.5(a) to fix accounting direction
- 2Corrects 'PFDRA' to 'PFRDA' throughout the NPS provisions
- 3Amendments approved by the Controller General of Accounts
- 4Circulated to all Pr. CCAs/CCAs/CAs and the CAG office
Practical Example
A PAO processing NPS contributions refers to Para 7.20.5 and notices the amendment circular. Where the old text said the contribution amount should be 'credited' to a particular head, the corrected version says 'debited'. The PAO applies the correct accounting entry (debit) to ensure the NPS contribution flows to the right side of the account, avoiding reconciliation errors with the Trustee Bank.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why was 'credited' changed to 'debited' in Para 7.20.5(a)?▼
What is PFRDA?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.