1. P.G.DEPARTMENT OF PUBLIC ADMINISTRATION
B.A-II PAPER-B
P.G.DEPARTMENT OF PUBLIC ADMINISTRATION
PGGCG-11, CHANDIGARH
MINISTRY OF
FINANCE

2. DEPARTMENTS OF MINISTRY
ECONOMIC AFFAIRS
EXPENDITURE
REVENUE
DISINVESTMENT
FINANCIAL SERVICES

3. FUNCTIONS
Formulation and monitoring of macroeconomic policies, including issues relating to fiscal policy and public finance, inflation, public debt management and the functioning of Capital Market including Stock Exchanges. In this context, it looks at ways and means to raise internal resources through taxation, market borrowings and mobilization of small savings

4. -Monitoring and raising of external resources through multilateral and bilateral Official Development Assistance, sovereign borrowings abroad, foreign investments and monitoring foreign exchange resources including balance of payments
-Production of bank notes and coins of various denominations, postal stationery, postal stamps; and Cadre management, career planning and training of the Indian Economic Service (IES).

5. -Overseeing the public financial management system in the Central Government and matters connected with State finances
-Pre-sanction appraisal of major schemes/projects (both Plan and non-Plan expenditure), handling the bulk of the Central budgetary resources transferred to States

6. -Exercises control in respect of matters relating to all the Direct and Indirect Union Taxes through two statutory Boards namely, the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC)
-Matters relating to the levy and collection of all Direct taxes are looked after by the CBDT whereas those relating to levy and collection of Customs and Central Excise duties and other Indirect taxes fall within the purview of the CBEC -

7. -Covers Banks, Insurance and Financial Services provided by various government agencies and private corporations. It also covers pension reforms and Industrial Finance and Micro, Small and Medium Enterprise Sector
-Systematic policy approach to disinvestment and privatisation of Public Sector Units

8. -Implementation of the recommendations of the Finance and Central Pay Commissions
-Overseeing the expenditure management in the Central Ministries/Departments
-Preparation of Central Government Accounts, managing the financial aspects of personnel management in the Central Government, assisting Central Ministries/Departments in controlling the costs and prices of public services