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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. [1]
R. K. Shanmukham Chetty. Formation. 15 August 1947. The Minister of Finance ( Vitta Mantrī ) (or simply, the Finance Minister, short form FM) is the head of the Ministry of Finance of the Government of India. One of the senior most offices of the Union Cabinet, the finance minister is responsible for the fiscal policy of the government.
Nirmala Sitharaman. Nirmala Sitharaman (born 18 August 1959) [1] is an Indian economist, politician and a senior leader of the Bharatiya Janata Party (BJP) serving as the Minister of Finance and Minister of Corporate Affairs of the Government of India since 2019. She is a member of the Rajya Sabha, the upper house of the Indian Parliament ...
Powers, responsibilities and postings. Finance Secretary is the administrative head of the Ministry of Finance, and is the principal adviser to the Finance Minister on all matters of policy and administration within the Finance Ministry. [9] The senior most Secretary among the five Secretaries of the five Departments of the Ministry of Finance ...
The Union Council of Ministers [1] is the principal executive organ of the Government of India, which functions as the senior decision-making body of the executive branch. It is chaired by the prime minister and consists of the heads of each of the executive government ministries. Currently, the council is headed by prime minister Narendra Modi ...
The Finance Commissions ( IAST: Vitta Āyoga) are commissions periodically constituted by the President of India under Article 280 of the Indian Constitution to define the financial relations between the central government of India and the individual state governments. The First Commission was established in 1951 under The Finance Commission ...
Pranab Mukherjee (11 December 1935 – 31 August 2020) was an Indian politician who served as the 13th president of India from 2012 until 2017. He was the first person from West Bengal to hold the post of President of India. In a political career spanning five decades, Mukherjee was a senior leader in the Indian National Congress and occupied ...
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio has a large variety of names around the world, such as "treasury", "finance", "financial affairs ...