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Ministry Of Finance (India)
The Ministry of Finance ( IAST: ''Vitta Maṃtrālaya'') is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget. The Ministry of Finance is the apex controlling authority of ''four'' central civil services namely Indian Revenue Service, Indian Audit and Accounts Service, Indian Economic Service and Indian Civil Accounts Service. It is also the apex controlling authority of one of the central commerce services namely Indian Cost and Management Accounts Service History R. K. Shanmukham Chetty was the first Finance Minister of independent India. He presented the first budget of independent India on 26 November 1947. Department of Economic Affairs The Department of Economic Affairs is the nodal agency of the Union Government to formulate and monitor coun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretariat Building, New Delhi
The Secretariat Building or Central Secretariat is where the Cabinet Secretariat is housed, which administers the Government of India. Built in the 1910s, it is home to some of the most important ministries of the Cabinet of India. Situated at Raisina Hill, New Delhi, the Secretariat buildings are two blocks of symmetrical buildings (North Block and South Block) on opposite sides of the great axis of Rajpath, and flanking the Rashtrapati Bhavan (President's House). History The planning of New Delhi began in earnest after Delhi was made capital of the British Indian Empire in 1911. Lutyens was assigned responsibility for town planning and the construction of Viceroy's House (now Rashtrapati Bhavan); Herbert Baker, who had practised in South Africa for two decades, 1892–1912, joined in as the second in command. Baker took on the design of the next most important building, the Secretariat, which was the only building other than Viceroy's House to stand on Raisina Hill. As th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Economic Adviser To The Government Of India
ThChief Economic Adviser (CEA)is a post in Government of India and is equivalent to rank of Secretary to the Government of India. The CEA is the ex-officio cadre controlling authority of the Indian Economic Service. The CEA is head of Economic Division of the Department of Economic Affairs, Ministry of Finance, Government of India. Until 2009, the CEA’s position was a Union Public Service Commission appointment and until the 1970s almost all CEAs were members of the Indian Economic Service. Role of the CEA The extent to which the Government takes into account the advice of the Chief Economic Adviser has generally been considered to be open-ended. In his 2018 book titled ''Of Counsel: The Challenges of the Modi-Jaitley Economy,'' former CEA Arvind Subramanian stated that the job of the CEA carried no executive responsibility. According to him, the only clearly defined job of the CEA was to produce the Economic Survey of India preceding the Union Budget. List of CEAs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bush Meets Pranab Mukherjee
Bush commonly refers to: * Shrub, a small or medium woody plant Bush, Bushes, or the bush may also refer to: People * Bush (surname), including any of several people with that name **Bush family, a prominent American family that includes: ***George H. W. Bush (1924–2018), former president of the United States ***George W. Bush (born 1946), former president of the United States and son of George H. W. Bush ***Jeb Bush (born 1953), former governor of Florida and candidate for US president **Vannevar Bush (1890–1974), American engineer, inventor and science administrator **Kate Bush (born 1958), British singer, songwriter, pianist, dancer, and record producer Places United States * Bush, Illinois * Bush, Louisiana * Bush, Washington * Bush, former name of the Ralph Waldo Emerson House in Concord, Massachusetts * The Bush (Alaska) *"The Bush," a small neighborhood within Chicago's community area of South Chicago Elsewhere * Bush, Cornwall, a hamlet in England * Bush Isl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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", "finance", "financial affairs", "economy" or "economic affairs". The position of the finance minister might be named for this portfolio, but it may also have some other name, like "Treasurer" or, in the United Kingdom, "Chancellor of the Exchequer". The duties of a finance minister differ between countries. Typically, they encompass one or more of government finance, fiscal policy, and financial regulation, but there are significant differences between countries: * in some countries the finance minister might also have oversight of monetary policy (while in other countries that is the responsibility of an independent central bank); * in some countries the finance minister might be assisted by one or more other ministers (some suppo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Civil Accounts Service
The Indian Civil Accounts Service(ICAS)(Hindi: भारतीय सिविल लेखा सेवा ''Bharatiya Civil Lekha Seva'' ) is one of the Civil Services of India ("Group A"). ICAS is under the Department of Expenditure in the Union Ministry of Finance. The service was created in 1976 with the purpose of separating Auditing and Accounting functions of the Union Government with deputation and transfer from Indian Audit and Accounts Department. Since 1977, personnel are selected from the Civil Services Examination conducted by Union Public Service Commission, like all other Central Civil Services. Profile The Indian Civil Accounts Organization performs a key role in delivery of financial management services for the Government of India. The organization provides payment services, supports the tax collection system, performs government-wide accounting, financial reporting functions and carries out internal audit in civil ministries of the Union Government. Controll ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Economic Service
The Indian Economic Service (abbreviated as IES, I.E.S.) is an inter-ministerial and inter-departmental central civil service under Group A of the executive branch of the Government of India. The unique aspect of the service is that the cadre posts are spread across various departments and ministries of central government numbering more than 55. It is a highly specialised and professional service within the government of India catering to economic analysis and policy advice. History The Indian Economic Service was introduced by Prime Minister Jawaharlal Nehru for formulating and implementing economic policies and programmes in India. The initial steps towards formation of service can be traced to 1952. A Committee under V. T. Krishnamachari submitted a report in September 1953, recommending the formation of a service to be known as the Statistical and Economic Advisory Service. On the contrary, Prasanta Mahalanobis did not favour the idea of a combined Statistical and Econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Audit And Accounts Service
Indian Audit and Accounts Service is a Central Group 'A' central civil service under the Comptroller and Auditor General of India, Government of India. The central civil servants under the Indian Audit and Accounts Service serve in an audit managerial capacity, in the Indian Audit and Accounts Department. IA&AS is responsible for auditing the accounts of the Union and State governments and public sector organizations, and for maintaining the accounts of State governments. Its role is somewhat similar to the US GAO and National Audit Office (United Kingdom). The service can be divided into officers looking after accounting and audit issues pertaining to the Union government and the State governments, and those manning the department's headquarters. The state accounts and audit offices are headed by Accountants General or Principal Accountants General. They are functionally equivalent; only the designations vary. Major states have three Principal Accountants General (PAsG) or A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Revenue Service
The Indian Revenue Service ( IAST: ), often abbreviated as IRS, is an Indian government agency that is primarily responsible for collecting and administering direct and indirect taxes. As a central civil service under Group A of the executive branch of the Government of India, it functions under the Department of Revenue of the Ministry of Finance and is under the administrative direction of the Revenue Secretary and the ministerial command of the Minister of Finance. The IRS comprises two branches, Indian Revenue Service (Income Tax) and Indian Revenue Service (Custom & Indirect Taxes), controlled by two separate statutory bodies, the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). The duties of the IRS (IT) include among others, formulation of domestic direct tax policy (through the Tax Policy and Legislation Section), formulation of international tax policy (through the Foreign Tax and Tax Research Division), handli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Budget Of India
The Union Budget of India, also referred to as the ''Annual Financial Statement'' in Article 112 of the Constitution of India, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April. Until 2016 it was presented on the last working day of February by the Finance Minister in Parliament. The budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget. It is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year. An interim budget is not the same as a 'Vote on Account'. While a 'Vote on Account' deals only with the expenditure side of the government's budget. An interim budget is a complete set of accounts, including both expenditure and receipts. An interim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Government
A state government is the government that controls a subdivision of a country in a federal form of government, which shares political power with the federal or national government. A state government may have some level of political autonomy, or be subject to the direct control of the federal government. This relationship may be defined by a constitution. The reference to "state" denotes country subdivisions that are officially or widely known as "states", and should not be confused with a "sovereign state". Most federations designate their federal units "state" or the equivalent term in the local language; however, in some federations, other designations are used such as Oblast or Republic. Some federations are asymmetric, designating greater powers to some federal units than others. Provinces are usually divisions of unitary states but occasionally the designation is also given to the federal units such as the Provinces of Argentina or Canada. Their governments, which are a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Government
A central government is the government that is a controlling power over a unitary state. Another distinct but sovereign political entity is a federal government, which may have distinct powers at various levels of government, authorized or delegated to it by the Federation and mutually agreed upon by each of the federated states. Though inappropriate, the adjective "central" is also sometimes used to describe the government of a federation, such as in India. The structure of central governments varies. Many countries have created autonomous regions by delegating powers from the central government to governments on a sub-national level, such as regional, state, provincial, local and other instances. Based on a broad definition of a basic political system, there are two or more levels of government that exist within an established territory and government through common institutions with overlapping or shared powers as prescribed by a constitution or other law. Common resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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