Role and responsiblity of finance ministry in india
Answers
Wʜᴀᴛ ɪs ғɪɴᴀɴᴄᴇ ᴍɪɴɪsᴛʀʏ?
↗It is an important ministry of Indian government. It controls over all the issues related to financial affairs.
Wʜᴀᴛ ɪs ғɪɴᴀɴᴄᴇ ᴍɪɴɪsᴛᴇʀ?
↗ The minister of finance is a exceutive or cabinet post. He is the head of the finance ministry. He is responsible for controlling all the policy and financial issues of the government.
Tʜᴇ Fɪɴᴀɴᴄᴇ Mɪɴɪsᴛʀʏ ᴏғ Iɴᴅɪᴀ ʜᴀs ғɪᴠᴇ ᴅᴇᴘᴀʀᴛᴍᴇɴᴛs.
◉Department of Economic affairs
◉Department of expenditure.
◉Department of Revenue
◉Department of Financial Services.
◉Department of Investment and Public Asset Management.
Rᴏʟᴇ ᴀɴᴅ ᴅᴜᴛɪᴇs ᴏғ ғɪɴᴀɴᴄᴇ
ᴍɪɴɪsᴛʀʏ ᴀʀᴇ :
♦To prepare annul budget
♦Manage government financial assets
♦Propose bills related to salary of government employees, their pension etc
♦Participate in the negotiation of international free trade and financial agreement.
♦Exercise all powers and rights as conferred on it in the Central Bank Law.
Exᴛʀᴀ ɪɴғᴏʀᴍᴀᴛɪᴏɴ
✷Founded in 29 October 1946
✷Present central finance minister of India is Nirmala Sitharaman.