The Finance Secretary () is the administrative head of the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

. This post is held by senior

IAS officer The Indian Administrative Service (IAS) is the administrative arm of the All India Services of Government of India. Considered the premier civil service of India, the IAS is one of the three arms of the All India Services along with the Indian ...

of the rank of

Secretary to Government of India Secretary to the Government of India, often abbreviated as Secretary, GoI, or simply as Secretary, is a post and a rank under the Central Staffing Scheme of the Government of India. The authority for the creation of this post solely rests with ...

. T. V. Somanathan is the incumbent Finance Secretary. As a

, the Finance Secretary ranks 23rd on Indian Order of Precedence.

Powers, responsibilities and postings

Finance Secretary is the administrative head of the

, and is the principal adviser to the

Finance Minister A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

on all matters of policy and administration within the Finance Ministry. The senior most Secretary among the five Secretaries of the five Departments of the Ministry of Finance, viz. Economic Affairs, Expenditure, Financial Services, Revenue and Investment & Public Assets Management of Ministry of Finance, is designated as Finance Secretary. The role of Finance Secretary is as follows: * To act as the administrative head of the

. The responsibility in this regard is complete and undivided. * To act as the chief adviser to the

on all aspects of policy and administrative affairs. * To represent the

before the Public Accounts Committee of the

Parliament of India The Parliament of India (International Alphabet of Sanskrit Transliteration, IAST: ) is the supreme legislative body of the Republic of India. It is a bicameralism, bicameral legislature composed of the president of India and two houses: the R ...

. * To act as the

first among equals ''Primus inter pares'' is a Latin phrase meaning first among equals. It is typically used as an honorary title for someone who is formally equal to other members of their group but is accorded unofficial respect, traditionally owing to their sen ...

among

secretaries A secretary, administrative professional, administrative assistant, executive assistant, administrative officer, administrative support specialist, clerk, military assistant, management assistant, office secretary, or personal assistant is a w ...

in the

Emolument, accommodation and perquisites

The Finance Secretary is eligible for a

Diplomatic passport A passport is an official travel document issued by a government that contains a person's identity. A person with a passport can travel to and from foreign countries more easily and access consular assistance. A passport certifies the personal ...

. The official earmarked residence of the Union Finance Secretary is 5,

New Moti Bagh New Moti Bagh is a residential colony in South Delhi. New Moti Bagh occupies an area of 143 acres, in the exclusive New Delhi Municipal Council (NDMC) area of New Delhi. It is one of Delhi's most expensive areas, where land rates vary from 10 la ...

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House ...

, a Type-VIII

bungalow A bungalow is a small house or cottage that is either single-story or has a second story built into a sloping roof (usually with dormer windows), and may be surrounded by wide verandas. The first house in England that was classified as a b ...

. As the Finance Secretary is of the rank of

, his/her salary is equivalent to Chief Secretaries of State Governments and to Vice Chief of Army Staff/Commanders, in the rank of

Lieutenant General Lieutenant general (Lt Gen, LTG and similar) is a three-star military rank (NATO code OF-8) used in many countries. The rank traces its origins to the Middle Ages, where the title of lieutenant general was held by the second-in-command on the ...

and equivalent ranks in

Indian Armed Forces The Indian Armed Forces are the military forces of the Republic of India. It consists of three professional uniformed services: the Indian Army, Indian Navy, and Indian Air Force.—— Additionally, the Indian Armed Forces are supported by ...

List of Finance Secretaries

References

External links

Finance Ministry, Official website
{{Union ministries of India Government finances in India Indian government officials Ministry of Finance (India)

Powers, responsibilities and postings

Emolument, accommodation and perquisites

List of Finance Secretaries

See also

References

External links