The Ministry of Finance is an important ministry within the Government of India. It concerns itself with taxation, financial legislation, financial institutions, capital markets, center and state finances, and the Union Budget.
As of Aug 2009, Finance minister is Pranab Mukherjee.
Contents |
Organisational structure
The Union Finance Ministry of India comprises five departments:
- Department of Economic Affairs
- Department of Expenditure
- Department of Revenue
- Department of Disinvestments
- Financial Services
Department of Economic Affairs
DEA is mainly responsible for economic policies of the Government of India.
Department of Expenditure
bxbb
Department of Revenue
This department deals with the taxation of property owned by the owner. If a person occupying the property, the tax will be paid by him will be property tax which comes under the Revenue Department.
Department of Disinvestments
Initially set up as an independent ministry (The Ministry of Disinvestment) in December 1999, The Department of Disinvestments came into existence in May 2004 when the ministry was turned into a department of the Ministry of Finance. The department took up all the functions of the erstwhile ministry which broadly was responsible for systematic policy approach to disinvestment and privatisation of Public Sector Units (PSUs).
External links
Official websites
 |
This article about government in India is a stub. You can help Wikipedia by expanding it. |
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
