Though in the nascent stage, the National Asset Directory envisages to capture assets across the country by creating a data base through a mobile app. Great idea to check out State wise, District wise and Village / Town wise data of assets across several categories. Digitization of assets was a need in out country since long.
Visit website: www.assetdirectory.gov.in/
Explore the database and the idea itself and comment on how this is a tool for nation building.
National Asset Directory (NAD) is one of the 12 applications developed as part of Panchayat
Enterprise Suite (PES). NAD aims to keep a stock of all the assets created/ controlled/ maintained
by the Rural Local Bodies (RLBs) i.e. Panchayats at district, intermediate and village level, Urban
Local Bodies (ULBs) i.e. Municipalities, Corporations, Town Areas etc. and Line Departments in the
country. It is felt that RLBs/ULBs/Line Departments are creating a large number of assets under
various schemes. However, due to lack of information, sometimes new assets are being created
when the requirement could be met by repairing/upgrading old ones leading to a sub-optimal
utilization of scarce funds and resources.
NAD envisages facilitating proper planning, convergence of funds from various schemes and record
keeping of various assets created/maintained/controlled by RLBs/ULBs/Line Departments. It acts as a
repository of various assets created/ controlled/ maintained by RLBs/ULBs/Line Departments and
assigns a code to each asset for its unique identification leading to effective utilization of the assets.
NAD is web-based application software that envisages facilitating proper planning, convergence of
funds from various schemes and record keeping of various assets created/maintained/controlled by
RLBs/ULBs/Line Departments by assigning a unique ID to each asset.
NAD captures all details related to an asset as it goes through various stages of its life cycle viz.
asset creation through construction, acquisition, purchase etc. asset upgradation, asset maintenance,
asset earnings and disposal. The key features of this software include:
Generates a unique Asset ID: NAD generates a unique Asset ID for identification of Assets
created/maintained/controlled RLB/ ULB/ Line Department.
Captures Asset Details: NAD captures all details related to an asset as it goes through its life
cycle including General details such as Asset type, category & sub category of asset, order
number, order date, order issuing authority, parameter(s) of asset (s), Source of funds, location of
asset, purpose of asset creation, cost of asset, expected life of asset, way by which asset is
created (constructed, purchased, donated, acquired), supporting document (s), etc. and the
specific details viz. Name of Asset, Asset description, Operationalization Date and Geo Reference
Location for individual asset. Location of asset can be physical location e.g. village in case of
immovable assets such as building, land etc. or Panchayat offices in case of movable assets say
generator located in RLB.
51 comments:
National assets directory is really a helpful application as it helps to promote greater transparency like keeps track of the Assets transferred between entities or between entities and an external agency. The System will capture the transfer details related to an asset including transfer order no. transfer order date, date of transfer, name of RLB/ ULB/ Line Department to which the asset is transferred and asset transfer rights which promote greater transparency in the system.
multilingual support is also a very helpful feature of software. It provides an interface to each state to configure the software to meet their local language needs.
Some time after the creation of asset or after being used for some time, the asset can be given to other agency through lease or rent, thus accruing financial benefits to the owner. The system will capture whether the asset is given on lease or rent or user charges, duration for which it is given, periodicity of earning, amount earned, supporting documents, etc.This is also another helpful feature of National assets directory.
17BAL090
NAD will surely proove to be an important tool to perfectly manage the assests and to bring accountability at the lowest level of panchayats
Great move ! Lets see how it pans out
17BAL089
Assets are resources controlled by an entity as a result of past events and from which future economic benefits or service potential is expected to flow to the entity [Ref: As defined by International Public Sector Accounting Standards Board and reported in Model National Municipal Asset Valuation Methodology Manual, January 2009, Ministry of Urban Development, GOI].
The purpose of National Asset Directory (NAD) is to keep track of all the assets created or maintained by RLB, ULB or Line Department. Also, NAD helps the State level authority to keep an eye on the assets created/ maintained in their state as well as the current status of those assets.NAD is connected to ActionSoft (assets created in ActionSoft automatically displayed in NAD), PriaSoft (for managing vouchers with respect to Asset creation, upgradation, maintenance and earning), LGD (for displaying planned unit while selecting implementing agency, executing agency and private agency) and PES (for user management and schemes details).
17BAL101
Considering high levels of corruption that are society is plagued with resources, funds allocated to better the lifestyles and improve rural areas fail to reach people it envisions. NAD facilitates proper planning for convergence of funds from various schemes and record keeping of various assets belonging to RLBs/ULBs/Line Departments and thus serves as a potential tool to ensure that advantages of the scheme percolate to the lowest sections of the society. At the same time it keeps a check on the progress of a particular scheme encompassing upgradation, maintenance, earning, transfer, disposal and status update details. This move ensures that maximum level of efficiency is attained at all levels. NAD ensures proper documentation of various reports related to list of assets, asset upgradation and maintenance, asset earnings and asset disposal for NAD users and Citizens. These reports are useful instruments for they provide substantial content for reference and for keeping a record of the envisioned development.
Thus National Asset Directory is a powerful step in the direction of ensuring greater transparency in assessment of various schemes.
17BAL025
NAD will help to curb the corruption in the field of asset management. Exact cost of the assets can be determined and the wastage of funds can be reduced and extra funds can be transferred to required areas. NAD will ensure greater transparency in the field of asset management
17BAL088
EU looking for Asset Management to track the failure of the asset market tells us how beneficial Asset Management can be. India, where incentives are designed with utmost care, but these atrophies because of the poor unwieldy management. When old stocks are enough to satiate current needs, opulence is not what one looks for. Rather, the newer stocks may depreciate over the time, rendering them worthless and hampering the financial balance of the latent nation. This NAD can be a boon to every human asset in rural area for an efficient system. But the problem that may blur the picturesque situation is illiteracy that seems to be perpetually unpropitious. But other than this, NAD with its Unique Asset Identity system, its asset management system, the transfer of asset etc would definitely lead to the betterment and efficient functioning. Not only this, it will also help to check corruption since maintenance, earning and disposal, all are part of this. Hope this helps bolster the back-bone of India.
17BAL003
Agreeing to the above comment of Abhirakshak Rajpal, although Illiteracy surely becomes a backlog to the concept of NAD. However, looking at the increased focus towards digitization and education in the 21st century India, the concept of NAD is definitely very promising. Also a package of Computer Based Training (CBT) is provided for better understanding to the target group.
Also, reading more about NAD suggests
In furtherance to this article, I would like to share, NAD has many brilliant features, such as :
1. Generates Unique Asset ID. 2. Captures Asset Details and transfer details. 3. Up-gradation and maintenance of asset. 4. Earning from asset. 5. Disposal from assets etc.
Not only this, it is simple and user friendly. Some other features include SMS notification from time to time, the interface being multilingual makes it accessible to people speaking different languages, also it is accessible 24*7.
Technologically advanced, it interoperates with other with other software applications which are part of Panchayat Enterprise Suite (PES) such as ActionSoft, PriaSoft, Local Government Directory etc. The primary target of such NAD are Rural Local Bodies, Urban Local Bodies etc.
assetdirectory.gov.in
It is an great effort by the Government to develop such apps like NAD which will help to create transparency and will help to curb to corruption in field of assets management done in village by panchayat leaders and other important persons and powerful persons of village. NAD facilitates proper planning for convergence of funds from various schemes and record keeping of various assets belonging to RLBs/ULBs/Line Departments and thus serves as a potential tool to ensure that advantages of the scheme percolate to the lowest sections of the society.It keeps up to date information of assets being created,maintained,transfer and etc. means every detail of assets and their management.It is also a user friendly app and also include SMS notification feature.This move ensures that maximum level of efficiency is attained at all levels. NAD ensures proper documentation of various reports related to list of assets, asset up-gradation and maintenance, asset earnings and asset disposal for NAD users and Citizens.
It is an great effort towards progression in field of assets management through means of digitization.
17bal024
National asset directory helps to track the assets which comes under the ambit of RLB,ULB and line department. As our country is moving towards the world of digitization, the notion of NAD is looking good.It gives the transparent view of the assets. In view of the high security need of the system, software provides strong authentication mechanism and also maintains detailed audit logs of all the transaction carried out through software. NAD is a web enabled software and data sharing of data in public domain for view by all stakeholders including citizens, thereby leading to the highest order of transparency in the Indian Governance scenario. NAD is connected with the other software application of PES such as action soft , priaSoft which helps to duplication of data entry.
17bal011
National Asset Directory(NAD) is great effort by government of India and a good move in the field of assets management in the RLBs/ULBs/Line Departments as it will increase the efficiency of work and will simple the management of assets as it keeps up to date information of assets being created, maintained, transfer and etc. means every detail of assets and their management. This application will give a pure clear view of assets management and will create transparency. It is great effort towards eradicating the corruption. As our country is moving towards the digitization it also a great idea to make assets management through the apps and this app is also having the feature of SMS notification which makes it simple and user friendly, so that everyone who are not so well versed or great in technology can use this app easily, also it is accessible 24*7.Technologically advanced, it inter operates with other with other software applications which are part of Panchayat Enterprise Suite (PES) such as Action Soft, PriaSoft, Local Government Directory etc.
As India is progressing speedily ahead towards the digitization,this app of NAD is great move by the government in the field of assets management by the process of digitization. It is simple and user friendly app with the feature of SMS notification, making it more easier for general public who are not well versed with the tech,also it is accessible 24*7.Technologically advanced, it inter operates with other with other software applications which are part of Panchayat Enterprise Suite (PES) such as Action Soft, PriaSoft, Local Government Directory etc.. As this app facilitates proper planning for convergence of funds from various schemes and record keeping of various assets belonging to RLBs/ULBs/Line Departments and thus serves as a potential tool to ensure that advantages of the scheme percolate to the lowest sections of the society.It keeps up to date information of assets being created,maintained,transfer and etc. means every detail of assets and their management which means it takes the transparency to an another level and help to curb the corruption done in rural area in the form of assets.
India is on the great path of development and for the same assets are being imbibed as sine qua non of this development process. The move taken by the government of creating a web based application for keeping a track on the assets as are used by the organization (govt.) in the rural areas is a essential task as far as checking any non essential or unworthy activities are concerned.
NATIONAL ASSET DIRECTORY may prove to be a mammoth task for the government but when properly planned and implemented same will be proved as the most important link towards information about every asset used in village organization. The RLB, ULB and other sort of assets which are included in the app are necessary to be kept check on as they are used in far-fetched villages and it is necessary to verify that an optimum utilisation of the assets be done . Thus this step may prove a boon for the country the only requirement is proper implementation of the same .
17BAL033
National asset directory is a step towards digital India. It is envisaged as a part of phase-2 of e-panchayat.It will give unique identification code to each asset created by RLB/ULB/line department,that will bring transparency.It will also curb corruption in government offices in the long run.It will also facilitate convergence of funds from various schemes and record keeping of various assets.
Digitization of assets will help in effective utilization of resources.overall it is a recommendable step towards creating modern and transparent India.
PRATIKSHA SENGAR
17BAL040
National Asset Directory (NAD), which is one of the software applications envisaged as part of Phase II of e-Panchayat of the Model Mission Project. It aims to keep stock of all assets created, from streetlights to government lands, controlled and maintained by rural and urban local bodies. Each asset of each panchayat was assigned a code for its unique identification. Precise information on government assets was felt to be the need of the hour by the Central government so NAD was developed to keep in check of such situations. Each and every asset of the government can be protected in this system. The assets like government lands, schools, veterinary hospitals, government hospitals, anganwadi buildings, CC roads, streetlights, burial grounds, bank buildings, power poles, network towers, water resources and others were counted and tagged. Some of the panchayat secretaries were also imparted training in how to update the assets in the NAD.
NATIONAL ASSET DIRECTORY, a step of government towards digital India, is one of the software applications envisaged as a part of phase 2nd of e- Panchayat MMP. It acts as a repository of various assets created/controlled/maintained by RLB/ULB/Line departments and assign a code to each assets for ts unique identification leading to effective utilization of the assets.It captures the details of assets as it moves through life-cycle, including upgradation, maintenance, earning, transfer, disposal details. The most important benefit of NAD is that it interoperates with other PES applicatios so asto avoid duplication of data entry for the end users.
Overall, its a great initiative in the field of digitization.
VARTIKA JAIN
17BAL125
RLBs, ULBs and line departments are creating a large number of assets on a daily basis, an initiative like NAD provides hawks eye for the country to keep all the past records of country’s asset. It will definitely endure lifecycle of asset i.e. creation, maintenance, earning and disposal. Some of its features like unique asset id and asset details bring transparency into the system, its SMS/e-mail based inbuilt notification system makes it user-friendly also. NAD seems to be a promising platform for asset management and its piling and overburdened files in public offices, parallel to it is the fact that NAD will help the country on its drive to digitization.
17bal023
Asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value, is an asset. National Asset Directory is a brillant platform for asset management as it creates a database through a mobile app. Creating a mobile app will give customers comfortability to use it at their comfort 24*7. NAD gives unique identification code to each asset created by RLB/ULB/line department,that will bring transparency. It will also facilitate convergence of funds from various schemes and record keeping of various assets.
Digitization of assets will help in effective utilization of resources.Through online mechanism it will bring transparency, it will also curb corruption in government offices. NAD is a significant step in digitalization of assets.
NAD acts as a repository of various assets created/ controlled/ maintained by RLBs/ULBs/Line Departments and assign a code to each asset for its unique identification leading to effective utilization of the assets.
Facilitates proper planning for convergence of funds from various schemes and record keeping of various assets belonging to RLBs/ULBs/Line Departments.
Captures the details of an asset as it moves through its life-cycle. These include upgradation, maintenance, earning, transfer, disposal and status update details.
Generates various reports related to list of assets, asset upgradation and maintenance, asset earnings and asset disposal for NAD users and Citizens.
Interoperates with other PES applications so as to avoid duplication of data entry for the end users.
17BAL086
The purpose of National Asset Directory (NAD) is to keep track of all the assets created or maintained by RLB, ULB or Line Department. Also, NAD helps the State level authority to keep an eye on the assets created/ maintained in their state as well as the current status of those assets.National assets directory is relatively helpful application as it facilitates to promote greater transparency by keeping track of the Assets transferred between entities or between entities and an external agencies.This move ensures that maximum level of efficiency is attained at all levels.NAD keeps track of asset details including Asset name, Asset description, category & sub category of asset, Asset For (SC, ST or Non SC/ST), Source of funds, location of asset, purpose of asset creation, approved and actual cost of asset, expected life of asset, way by which asset is created (constructed, purchased, donated, acquired), etc.
digitalization is a great step taken forward by our country and NAD is an apt application of this initiative it will definitely prove out to be helpful in the maintenance of the asset and also result in transparency.
17BAL115
Digitization of all the assets and providing unique identification code to all the assets will create a much simplified and transparent database. This step is very helpful as it improves efficiency and the resources are properly utilized. NATIONAL ASSET DIRECTORY may end up being a enormous task for the government.
After all, this will only be successful if the process is well planned and implemented.
17BAL020
National Asset Directory (NAD) can be used by RLBs, ULBs and Line Department at Central and State level for managing the assets. NAD acts as a repository of various assets created/ controlled/ maintained by RLBs/ULBs/Line Departments and assign a code to each asset for its unique identification leading to effective utilization of the assets.It Facilitates proper planning for convergence of funds from various schemes and record keeping of various assets belonging to RLBs/ULBs/Line Departments.It Generates various reports related to list of assets, asset upgradation and maintenance, asset earnings and asset disposal for NAD users and Citizens.
Om shankar kiradoo
17BAL094
NATIONAL ASSET DIRECTORY(NAD) acts as a repository of various assets created/ controlled/ maintained by RLBs/ULBs/Line Departments and assign a code to each asset for its unique identification leading to effective utilization of the assets.
Facilitates proper planning for convergence of funds from various schemes and record keeping of various assets belonging to RLBs/ULBs/Line Departments.
Captures the details of an asset as it moves through its life-cycle. These include upgradation, maintenance, earning, transfer, disposal and status update details.
Generates various reports related to list of assets, asset upgradation and maintenance, asset earnings and asset disposal for NAD users and Citizens.
Interoperates with other Panchayat Enterprise Suite(PES) applications so as to avoid duplication of data entry for the end users.
Ujjawal Bhargava
17BAL116
National Asset Directory (NAD) aims to keep stock of all the assets created, controlled and maintained by the RLB/ULB/Line Department in the country and assign a code to each asset for its unique identification leading to effective utilization of the assets. NAD software application will be primarily used by the officials of RLBs (Village Panchayat, Block Panchayat, and District Panchayat), ULBs (Municipalities, Town Areas etc.), State PR Departments, and Other Line Departments of State, Ministry of Panchayati Raj and other Central Line Ministries/Departments. NAD captures the details of an asset as it moves through its life-cycle. These include upgradation, maintenance, earning, transfer, disposal and status update details.
Samyak Jain
17BAL044
National Asset Directory (NAD) is one of the 12 applications developed as part of Panchayat Enterprise Suite (PES). Its main task is to organise all the assets created/ controlled/ maintained by the Rural Local Bodies (RLBs) i.e. Panchayats at district, intermediate and village level, Urban Local Bodies (ULBs) i.e. Municipalities, Corporations, Town Areas etc. and Line Departments in the country. Sometimes there is a asset available to RLB/ULB/Line Department but due to lack of proper arrangment of information of the assets formed there are new assets formed and the old asset is wasted. Also NAD gives asset a unique code for its identification thus it brings a transparency in the system.
Aryan Singh Chouhan
17BAL012
National Asset Directory (NAD), which is one of the software applications envisaged as part of Phase II of e-Panchayat of the Model Mission Project. Each asset of each panchayat was assigned a code for its unique identification. NAD will facilitate convergence of funds from various schemes and record keeping of various assets. It captures the details of assets as it moves through life-cycle, including upgradation, maintenance, earning, transfer, disposal details. The most important benefit of NAD is that it interoperates with other PES applications so as to avoid duplication of data entry for the end users.
Digitization of assets will help in effective utilization of resources.Through online mechanism, it will bring transparency and will also curb corruption in government offices. NAD seems to be a promising platform for asset management and its piling and overburdened files in public offices, parallel to it is the fact that NAD will help the country on its drive to digitization.
Ayushi Dubey
17BAL015
National Asset Directory is an e-governance platform, which tracks assets produced and already existing assets and hence in a way helping in reducing liability by tracking for new assets which are not required and instead demand could be fulfilled by the maintenance of older assets. Also, making details of assets online helps in keeping full track and helps in better organization, management, and proper planning. In addition, proper tracking of assets reduces the risk of corruption or usage of assets for one's own purposes.
MONIKA PRAJAPAT
17BAL091
Development of National Asset Directory (NAD) software application is a useful and productive step to regulate assets more efficiently and effectively, as it is a full time avalabilty platform which is used to monitor/control the assets of RLBs/ULBs/Line departments with minimum wastage of time and act as a awareness tool for asset management in many other areas/sectors to promote e-governance and use of electronic methods to organise individuals,firms assets in a proper manner without the use of excessive papers to maintain documents which is much less reliable and risky.
Moreover, NAD will bring the positive change that is required to upgrade the standards of asset management in RLBs/ULBs/Line departments to continuosuly contribute in developing country's technological environment with expanding its boundries for economical transactions and management of assets with proper planning and making of fruitful policies to make it secure.
ADHIRAJ SINGH
17bal005
NAD aims to keep a stock of all the assets created , controlled & maintained by the Rural Local Bodies (RLBs) i.e. Panchayats at district, intermediate and village level, Urban
Local Bodies (ULBs) i.e. Municipalities, Corporations, Town Areas etc. and Line Departments in the country. It is felt that RLBs/ULBs/Line Departments are creating a large number of assets under various schemes. However, due to lack of information, sometimes new assets are being created when the requirement could be met by repairing or upgrading old ones leading to a sub-optimal utilization of scarce funds and resources.
NAD envisages facilitating proper planning, convergence of funds from various schemes and record keeping of various assets created/maintained/controlled by RLBs/ULBs/Line Departments. It acts as a repository of various assets created/ controlled/ maintained by RLBs/ULBs/Line Departments and assigns a code to each asset for its unique identification leading to effective utilization of the assets.
SOMESHWAR SINGH CHANDEL
17BAL112
NATIONAL ASSET DIRECTORY(NAD) acts as a repository of various assets created/ controlled/ maintained by RLBs/ULBs/Line Departments and assign a code to each asset for its unique identification leading to effective utilization of the assets.National Asset Directory (NAD) aims to keep stock of all the assets created, controlled and maintained by the RLB/ULB/Line Department in the country and assign a code to each asset for its unique identification leading to effective utilization of the assets. As our country is moving towards the digitization it also a great idea to make assets management through the apps and this app is also having the feature of SMS notification which makes it simple and user friendly, so that everyone who are not so well versed or great in technology can use this app easily, also it is accessible 24*7.Technologically advanced, it inter operates with other with other software applications which are part of Panchayat Enterprise Suite (PES) such as Action Soft, PriaSoft, Local Government Directory etc.
shubham raghuwanshi
17bal050
NAD, a step of progress towards the digital India is something we all shall be proud of. The said project keeps the track of the assets and acts as a guiding agent for its maintenance and disposal. This helps us in bringing transparency in the system and also maintaining assets.
Multilingual feature makes it easier for the people to use it. This feature cuts down the linguistic barriers and makes it user friendly.
Where illiteracy may seem as barrier, Progressing India and increasing literacy rate are motivation for such step.
Rakshita Shukla
17bal100
NAD is a great initiative by the government it will help to curb the corruption at certain level. Even it aims to keep the record of all the assets by RLBs/ULBs/Line Departments. Generates various reports related to list of assets, asset upgradation and maintenance, asset earnings and asset disposal for NAD users and Citizens.
Interoperates with other PES applications so as to avoid duplication of data entry for the end users. This would be very helpful for the government to identify were the flaws are
NAD software application will be primarily used by the officials of RLBs (Village Panchayat, Block Panchayat, and District Panchayat), ULBs (Municipalities, Town Areas etc.), State PR Departments, and Other Line Departments of State, Ministry of Panchayati Raj and other Central Line Ministries/Departments.
It's a great move. Let's see how it comes into effect and what all positive outcomes it brings into our economy.
Palak Gupta
(17bal095)
National Asset Directory (NAD) is one of the software applications envisaged as part of Phase II of e-Panchayat MMP. NAD aims to keep stock of all the assets created, controlled and maintained by the RLB/ULB/Line Department in the country and assign a code to each asset for its unique identification leading to effective utilization of the Assets.NAD software application will be primarily used by the officials of RLBs (Village Panchayat, Block Panchayat, and District Panchayat), ULBs (Municipalities, Town Areas etc.), State PR Departments, and Other Line Departments of State, Ministry of Panchayati Raj and other Central Line Ministries/Departments. NATIONAL ASSET DIRECTORY may prove to be a mammoth task for the government but when properly planned and implemented same will be proved as the most important link towards information about every asset used in village organization.
Definition: A derivative is a contract between two parties which derives its value/price from an underlying asset. The most common types of derivatives are futures, options, forwards and swaps.
one of the most easy answer to understand derivatives . In trading there is always one underlying asset for trade . In equity market the said asset is stock. In derivatives market too there is an asset to trade but it’s value is based on other asset . Meaning of derivatives is derived from . Thus value of derivatives is derived from other asset .In equity derivatives the value is derived from stock or index . The value may be just premium or premium plus price of stock or index . Many times the premium may be negative too.
The first thing to know about derivative trading is "EXIT STRATEGY".Never be tempted towards the lust of gaining everythin in just one expiry cycle. Be fixed at your startegy. Your strategy can be something like earn 10-15% and then exit the contract. Make each of your trade as a learning experience. Try to figure out Do's and Don'ts of derivative trading on your own. Never follow the footsteps of others in stock market. create your own learning curve.
(17bal065)
Aayushi jain
National asset directory is an initiative that envisions to ensure better and effective allocation of resources. It envisages for improved execution of plans and schemes. Since the portal undertakes this humongous task of keeping a record of assets created, controlled and maintained by the RLB/ULB/Line Department in the country, it leads to the possibilities of better utilization of assets. It's a huge task for the government but if implemented properly it has the potential to achieve what it envisions to the fullest. A well maintained record will even ensure that funds are directed in the areas needed the most. It's an effective platform that offers huge database and that information is available and accessible as well. It offers the scope of transparency our country is working towards and trying to implement in its policy in numerous ways. The platform can be accessed and thus used for various research purposes as well as educational purposes. National asset directory is an important step in the direction of creating higher levels of accountability and credibility.
National Asset Directory (NAD) is one of the software applications envisaged as part of Phase II of e-Panchayat MMP. NAD aims to keep stock of all the assets created, controlled and maintained by the RLB/ULB/Line Department in the country and assign a code to each asset for its unique identification leading to effective utilization of the Assets.NAD software application will be primarily used by the officials of RLBs (Village Panchayat, Block Panchayat, and District Panchayat), ULBs (Municipalities, Town Areas etc.), State PR Departments, and Other Line Departments of State, Ministry of Panchayati Raj and other Central Line Ministries/Departments. NATIONAL ASSET DIRECTORY may prove to be a mammoth task for the government but when properly planned and implemented same will be proved as the most important link towards information about every asset used in village organization.
It's a huge task for the government but if implemented properly it has the potential to achieve what it envisions to the fullest. A well maintained record will even ensure that funds are directed in the areas needed the most. It's an effective platform that offers huge database and that information is available and accessible as well. It offers the scope of transparency our country is working towards and trying to implement in its policy in numerous ways. The platform can be accessed and thus used for various research purposes as well as educational purposes. National asset directory is an important step in the direction of creating higher levels of accountability and credibility
Both forward and futures contracts allow investors to buy or sell an asset at a specific time and price. But they have subtle differences.
Futures contracts are traded on exchanges, making them standardized contracts. Forward contracts are private agreements between two parties to buy and sell an asset at a specified price in the future. There’s always the chance one party in a forward contract may default. Futures contracts have clearing houses that guarantee the transactions.
Forward contracts are settled on one date at the end of the contract. Futures contracts are marked-to-market daily, which means their value is determined day-by-day until the contract ends. Futures contracts can settle over a range of dates.
Speculators who bet on the direction an asset’s price will move, often use futures. Futures are usually closed out prior to maturity, and delivery rarely occurs. Hedgers mainly use forwards to eliminate the volatility of an asset’s price. Asset delivery and cash settlement usually take place.
NAD helps the State level authority to keep an eye on the assets created/ maintained in their state as well as the current status of those assets.National assets directory is relatively
helpful application as it facilitates to promote greater transparency by keeping track of the Assets transferred between entities or between entities and an external agencies.This move ensures that maximum level of efficiency is attained at all levels.NAD keeps track of asset details including Asset name, Asset description, category & sub category of asset, Asset For (SC, ST or Non SC/ST), Source of funds, location of asset, purpose of asset creation, approved and actual cost of asset, expected life of asset, way by which asset is created (constructed, purchased, donated, acquired), etc.
digitalization is a great step taken forward by our country and NAD is an apt application of this initiative it will definitely prove out to be helpful in the maintenance of the asset and also result in transparency.
Arjun Singh Tomar
17bal077
NAD is one of the software applications envisaged as part of Phase II of e-Panchayat MMP. NAD aims to keep stock of all the assets created, controlled and maintained by the RLB/ULB/Line Department in the country and assign a code to each asset for its unique identification leading to effective utilization of the Assets. NAD software application will be primarily used by the officials of RLBs (Village Panchayat, Block Panchayat, and District Panchayat), ULBs (Municipalities, Town Areas etc.), State PR Departments, and Other Line Departments of State, Ministry of Panchayati Raj and other Central Line Ministries/Departments.
NAD is web-based application software that envisages facilitating proper planning, convergence of funds from various schemes and record keeping of various assets created/maintained/controlled by RLBs/ULBs/Line Departments by assigning a unique ID to each asset.
NAD is designed to respond to changes in the LGD due to delimitation of local governments and changes in land regions.
Vanshika Agarwal
17bal117
i tried using the web site but it was not working properly moreover it didn't showed any information as i searched for. but after some time if it starts to work properly it will help citizen to get complete information about their village or town and will hence help in reducing corruption in the lower level machinery of government. it will also help in digitize government mechanism.
but lets hope this information is properly presented and opened to every citizen of the country.
even when various issues are associated with it, lets hope we are able to access every information
Nikunj Maheshwari
17bal093
Assets are resources controlled by an entity as a result of past events and from which future economic benefits or service potential is expected to flow to the entity [Ref: As defined by International Public Sector Accounting Standards Board and reported in Model National Municipal Asset Valuation Methodology Manual, January 2009, Ministry of Urban Development, GOI].
The purpose of National Asset Directory (NAD) is to keep track of all the assets created or maintained by RLB, ULB or Line Department. Also, NAD helps the State level authority to keep an eye on the assets created/ maintained in their state as well as the current status of those assets.NAD is connected to ActionSoft (assets created in ActionSoft automatically displayed in NAD), PriaSoft (for managing vouchers with respect to Asset creation, upgradation, maintenance and earning), LGD (for displaying planned unit while selecting implementing agency, executing agency and private agency) and PES (for user management and schemes details).
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KARAN CHOUDHARY
National Asset Directory is a powerful step in the direction of ensuring greater transparency in assessment of various schemes.
The purpose of National Asset Directory (NAD) is to keep track of all the assets created or maintained by RLB, ULB or Line Department. Also, NAD helps the State level authority to keep an eye on the assets created/ maintained in their state as well as the current status of those assets A well maintained record will even ensure that funds are directed in the areas needed the most. It's an effective platform that offers huge database and that information is available and accessible as well. It offers the scope of transparency our country is working towards and trying to implement in its policy in numerous ways.NAD is an apt application for the digitization intiative taken by the gov of india.However All these schemes lack implimentation so it could bring a great change if implimented properly.
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Harshita Khare
National Asset Directory (NAD) is one of the software applications envisaged as part of Phase II of e-Panchayat MMP. NAD aims to keep stock of all the assets created, controlled and maintained by the RLB/ULB/Line Department in the country and assign a code to each asset for its unique identification leading to effective utilization of the Assets.NAD software application will be primarily used by the officials of RLBs (Village Panchayat, Block Panchayat, and District Panchayat), ULBs (Municipalities, Town Areas etc.), State PR Departments, and Other Line Departments of State, Ministry of Panchayati Raj and other Central Line Ministries/Departments.
NAD acts as a repository of various assets created/ controlled/ maintained by RLBs/ULBs/Line Departments and assign a code to each asset for its unique identification leading to effective utilization of the assets.
Facilitates proper planning for convergence of funds from various schemes and record keeping of various assets belonging to RLBs/ULBs/Line Departments.
Captures the details of an asset as it moves through its life-cycle. These include upgradation, maintenance, earning, transfer, disposal and status update details.
Generates various reports related to list of assets, asset upgradation and maintenance, asset earnings and asset disposal for NAD users and Citizens.
Interoperates with other PES applications so as to avoid duplication of data entry for the end users.
shantanu sudheer shastri
17bal108
Considering large amounts of debasement that are society is tormented with assets, reserves apportioned to better the ways of life and enhance provincial zones neglect to contact individuals it imagines. NAD encourages legitimate making arrangements for union of assets from different plans and record keeping of different resources having a place with RLBs/ULBs/Line Departments and in this manner fills in as a potential apparatus to guarantee that favorable circumstances of the plan permeate to the most reduced areas of the general public. In the meantime it keeps a beware of the advance of a specific plan enveloping upgradation, support, acquiring, exchange, transfer and notice subtle elements. This move guarantees that greatest level of proficiency is accomplished at all levels. NAD guarantees appropriate documentation of different reports identified with rundown of advantages, resource upgradation and upkeep, resource profit and resource transfer for NAD clients and Citizens. These reports are valuable instruments for they give significant substance to reference and for keeping a record of the imagined advancement.
Along these lines National Asset Directory is a capable advance toward guaranteeing more prominent straightforwardness in appraisal of different plans.
Govind saini
17bal082
Considering large amounts of debasement that are society is tormented with assets, reserves apportioned to better the ways of life and enhance provincial zones neglect to contact individuals it imagines. NAD encourages legitimate making arrangements for union of assets from different plans and record keeping of different resources having a place with RLBs/ULBs/Line Departments and in this manner fills in as a potential apparatus to guarantee that favorable circumstances of the plan permeate to the most reduced areas of the general public. In the meantime it keeps a beware of the advance of a specific plan enveloping upgradation, support, acquiring, exchange, transfer and notice subtle elements. This move guarantees that greatest level of proficiency is accomplished at all levels. NAD guarantees appropriate documentation of different reports identified with rundown of advantages, resource upgradation and upkeep, resource profit and resource transfer for NAD clients and Citizens. These reports are valuable instruments for they give significant substance to reference and for keeping a record of the imagined advancement.
Along these lines National Asset Directory is a capable advance toward guaranteeing more prominent straightforwardness in appraisal of different plans.
Govind saini
17bal082
Assets are resources controlled by an entity as a result of past events and from which future economic benefits or service potential is expected to flow to the entity [Ref: As defined by International Public Sector Accounting Standards Board and reported in Model National Municipal Asset Valuation Methodology Manual, January 2009, Ministry of Urban Development, GOI].
The purpose of National Asset Directory (NAD) is to keep track of all the assets created or maintained by RLB, ULB or Line Department. Also, NAD helps the State level authority to keep an eye on the assets created/ maintained in their state as well as the current status of those assets.NAD is connected to ActionSoft (assets created in ActionSoft automatically displayed in NAD), PriaSoft (for managing vouchers with respect to Asset creation, upgradation, maintenance and earning), LGD (for displaying planned unit while selecting implementing agency, executing agency and private agency) and PES (for user management and schemes details).
Samar Pratap (17bal105)
NAD is a great move in the field of Asset Management and it will surely help in greater transparency and better arrangements of assets. NAD purpose is to work as a watchdog over all the assets maintained by RLB, ULB and Line Department.
It is a platform which provide many informations and are easily accessible. It also guarantees proper documentation and help in greater transparency.
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