What are the departments under Ministry of Finance?

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What are the departments under Ministry of Finance?

Heads of Treasury Departments

  • Ministry of Finance.
  • Department of National Budget.
  • Department of Public Enterprises.
  • Department of Management Services.
  • Department of Fiscal Policy.
  • Department of Trade and Investment Policy.
  • Comptroller General Office.
  • Department of Development Finance.

Who is the current Minister of Ministry of Finance?

Nirmala Sitharaman (Minister)
P. Radhakrishnan (Minister of State)Shiv Pratap Shukla (Minister of State)
Ministry of Finance/Officeholders

What is the meaning of Ministry of Finance?

The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department. It is also the apex controlling authority of one of the central functionality services namely Indian Cost and Management Accounts Service.

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Why is the Ministry of Finance important?

Ministry ofTreasury Board and Finance Responsible for budget planning, financial management and economic analysis, as well as the administration of tax and revenue programs.

Who is the secretary to the treasury in Sri Lanka?

S R Attygalle
Mr. Attygalle was appointed as the Secretary to the Treasury and Ministry of Finance effective 19th November, 2019. Prior to being appointed to this post, he held the position of Deputy Governor of the Central Bank of Sri Lanka (CBSL).

What is the difference between finance minister and commerce minister?

Commercial dealings consist of import, export, defining trade policies etc. Whereas Ministry of Finance concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.

What does the finance minister do?

The Ministry of Finance plays a key role in establishing, implementing and reviewing government’s economic, fiscal, financial management and taxation policies.

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Who is the first finance minister in India?

Shri Shanmukham Chetty
After Independence, India’s first Finance Minister, Shri Shanmukham Chetty, presented the first budget of independent India on 26th November, 1947.

What are the duties of the finance minister?

As part of this, a key duty of the Finance Minister is to present the annual Union Budget in Parliament, which details the government’s plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines the allocations to different ministries and departments.

What is the role of the Minister for Finance?

By comparison, the Minister for Finance’s Departmental website lists responsibility for issues including Budget and financial reporting, managing the Public Service and services enabling businesses to operate. This is a very general overview only. The roles have areas of similarity as well as difference.

What are the functions of the Union Ministry of Finance?

Ministry of Finance is concerned with taxation, financial legislation, financial institutions, capital markets, center and state finances, and the Union Budget.

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What is the difference between cabinet minister and Minister of State?

• Cabinet minister is a senior to whom the responsibility of a ministry is given. • There are state ministers who work as junior ministers under the cabinet minister in large ministries. • However, there are also Ministers of State with independent charge (MoS) who are in charge of a ministry.

What are the monetary authority of Singapore (MAS) and Ministry of Finance?

Everyone must have heard of the Monetary Authority of Singapore (MAS) and the Ministry of Finance (MOF) in Singapore. They are two key entities in the local financial scene and greatly impact everyone living in Singapore. But do people really understand what these two entities do and how they differ? Here’s what these two entities do.