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Induction Material INDUCTION MATERIAL GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS 2013 (Eleventh Edition: 11th September, 2013) Preface to the 11th Edition The Department of Pension and Administrative Reforms had issued instructions in 1978 that each Ministry/Department should prepare an Induction Material setting out the aims and objects of the Department, detailed functions of the various divisions and their inter-relationship which would be useful for the officers of the Ministry/Department particularly the new entrants. In pursuance to this, Department of Economic Affairs has been bringing out ‘Induction Material’ since 1981. The present Edition is Eleventh in the series. 2. Department of Economic Affairs is the nodal agency of the Government of India for formulation of economic policies and programmes. In the present day context of global economic slowdown, the role of the Department of Economic Affairs has assumed a special significance. An attempt has been made to delineate the activities of the Department in a manner that would help the reader accurately appreciate its role. 3. The Induction Material sets out to unfold the working of the Department up to the level of the Primary Functional Units, i.e. Sections. All members of the team should find it useful to identify those concerned with any particular item of work right upto the level of Section Officer. The other Ministries and Departments will also find it useful in identifying the division or the officer to whom the papers are to be addressed. 4. I hope that all users will find this edition of Induction Material a handy and useful guide to the functioning of the Department of Economic Affairs. Any suggestions from any corner for further improvement will be welcomed. Sd/- (Dr. ARVIND MAYARAM) SECRETARY DEPARTMENT OF ECONOMIC AFFAIRS MINISTRY OF FINANCE New Delhi, Dated the 11th September, 2013 2 Chronology of Editions of Induction Material First Edition … 15.06.1981 Second Edition … 01.01.1984 Third Edition … 30.06.1986 Fourth Edition … 01.06.1989 Fifth Edition … 08.05.1993 Sixth Edition … 14.12.1995 Seventh Edition … 18.06.1998 Eighth Edition … 17.12.2002 Ninth Edition … 15.09.2009 Tenth Edition … 17.08.2011 Eleventh Edition … 11.09.2013 3 CONTENTS Sl. No. Subject Page No. PART I 1. Evolution of DEA 8 2. Mission of DEA & its functions 9-12 3. List of Minister of Finance 13 4. List of Minister of State and Deputy Ministers in Ministry of Finance 14 6. List of Secretaries and Chief Economic advisers 15 5. Organization chart of the Department 16 7. Division-wise work distribution 17-22 8. Allocation of sectoral charge with Divisions of DEA 23-31 9. Territorial Charge (internal and external) 32-34 10. Financial and Economic Dialogues 35 PART II Section wise work allocation in each Division of the Department and contact details of officers:- I. ADMN. & COORD. DIVISION 37-44 1. Administration – I Section 37 2. Administration – IA Section 37-38 3. Administration – II Section 38 4. Administration – III Section 38-39 5. Administration – IV Section 39-40 6. Administration – V Section 40 7. Cash, Accounts & Budget Section 41-42 8. Finance Library and Publication Section 42 9. Protocol Section 42-43 10. R & I Section 43 11. RTI Section 43-44 12. Official Language Implementation Cell 44 II. BC DIVISION 45-50 1. Japan-I Section 45 2. Japan-II Section 45-46 4. Japan-III Section 46 5. CIE-II & IDEAS Section 46-47 6. Europe-I Section 47 7. Europe-II Section 48 8. Europe-III Section 48 9. Europe-IV Section 48-49 10. North America Section 49 11. PMU Section 49-50 III INFRA & ENERGY DIVISION 51-53 1. Infrastructure (Policy) Cell 51 2. Infra-Finance 51-52 3. PPP Cell 52 4. Energy Cell 52-53 4 IV INVESTMENT DIVISION 54-57 1. FIPB Facilitation Counter 54 2. FIPB-I section 54-55 3. FIPB-II section 55 4. FIU section 56 5. International Cooperation (IC) section 56-57 6. Trade and Investment Section 57 7. Skill Development Cell 57 V. MI DIVISION 58-63 1. Fund Bank – I Section 58 2. Fund Bank – II Section 58-59 3. Fund Bank – III Section 59 4. Fund Bank – IV Section 59-60 5. Fund Bank – V Section 60 6. Fund Bank – VI Section 60-61 7. Fund Bank – VII Section 61 8. Fund Bank – VIII Section 62 9. ADB.I 62-63 10. ADB. II 63 VI. MR DIVISION 64-67 1. MR-I section 64 2. MR-I(A) section 64 3. MR-II section 65 4. MR-IIA Section 65 5. MR-III section 65 6. MR-IIIA Section 66 7. MR-IIIB section 66 8 MR-IV section 66-67 VII. CM DIVISION 68-73 1. Primary Market Section 68 2. Regulatory Establishment Section 68 3. CM (Coord) Section 69 4. Secondary Market Section 69 5. International Cooperation 69-70 6. UTI & JPC Section 70 7. External Markets Section 70-71 8. ECB section 71 9. FSLRC Cell 71 10. FATF 71-73 11. FSDC Sectt. 73 VIII. BUDGET DIVISION 74-80 1. Accounts Section 74 2. CDN Section 74-75 3. Demands Section 75 4. FRBM Cell 75-76 5. National Savings-I 76 6. National Savings-II 76-77 7. Public Debt Section 77 5 8. Reports Section 78 9. States Section 78 10. Supplementary Demands Section 79 11. Ways and Means Section 79 12. Budget Press 79-80 13. Hindi Section I to IV 80 IX. ECONOMIC DIVISION 81-87 1. Coordination Unit 81 2. Macro Indicators 81 3. Public Finance 82 4. Social Sector 82 5. Trade (G#TRADE&S), WTO 82 6. BOP, Global Financial market, Institution & architecture 83 7. External Debt Monitoring 83 8. Industry and Infrastructure 83-84 9. Prices Unit 84 10. Agriculture & Food Management 85 11. Money and Banking Policy 85 12. Climate Change Finance Unit 86 13. Indian Economic Service Section 86-87 X. INTEGRATED FINANCE DIVISION 88-89 1. Integrated Finance Unit-I 88 2. Integrated Finance Unit-II 88-89 3. DDG Cell 89 XI. AID ACCOUNTS AND AUDIT DIVISION 90-93 1. Disbursement Section-I 90 2. Disburesment Section-II 90 3. Disbursement Section-III 91 4. Debt Servicing Section 91 5. Coordination Section 91-92 6. EDP Section 92-93 7. Accounts Wing section 93 8. Export Promotion Audit (EPA) Section 93 XII. CURRENCY & COINAGE DIVISION 94-95 1. Coin Section 94 2. SPMC Section 94 3. Currency-I Section 95 4. Currency-II Section 95 XIII. Vigilance Division 96 1. Vigilance Section 96 6 PART-I ABOUT DEPARTMENT OF ECONOMIC AFFAIRS 7 Evolution of the Department of Economic Affairs The Ministry of Finance was re-organized in the year 1949 in two Departments: (a) Department of Revenue and Expenditure; and (b) Department of Economic Affairs. In 1956, two separate Departments viz. Department of Revenue and Department of Expenditure were created. Ministry of Disinvestment which was created in December 1999, was brought under Ministry of Finance as ‘Department of Disinvestment’ in May 2004. On 28th June, 2007, a new Department of Financial Services was created by carving the Banking and Insurance Division out of the Department of Economic Affairs. At present, Ministry of Finance has the following five Departments:- a) Department of Economic Affairs b) Department of Expenditure c) Department of Revenue d) Department of Financial Services e) Department of Disinvestment 8 Mission of Department of Economic Affairs and its functions MISSION STATEMENT To assist the Central Government in maintaining sound public finances through efficient use of the nation's economic resources, promoting conditions that accelerate sustainable economic growth through developing sound economic policies and preparing for future economic challenges and opportunities, and leading India’s bilateral and multilateral economic and financial engagements. A. FUNCTIONS 1. Maintaining sound public finances All matters relating to I. Preparation of Union Budget, Supplementary Demand for Grants and Excess Grants, examination and conveyance of Finance Minister’s approval of the Railway Budget; and monitoring of the provisions of the Union Budget. II. Preparation of State/UT Budget where a proclamation by the President as to failure of Constitutional machinery is in operation. III. Borrowings, lending and Ways and Means of the Union Government. IV. Public Debt, including external debt and Debt Management Office. V. Government Guarantees. VI. Resources for Five Year Plans and Annual Plans and review thereof. VII. Non-Tax Revenues. VIII. Laying of the Audit Reports before the Parliament under Article 151 of the Constitution. IX. Policy regarding Accounting and Audit procedures, including classification of transactions, and Accounting Standards. X. Finance Commission and financial matters relating to reorganization of States. XI. Financial emergency. XII. Currency & Coinage. XIII. Management of Foreign Exchange Resources. XIV. Committee on Allocation of Natural Resources. XV. Any other matter related to public finance not dealt with by any other Ministry/Department. 9 2. Promoting conditions that accelerate sustainable economic growth 2.1. Through Developing Sound Economic Policies All matters relating to i. Securities market. ii. Forward Contracts and control of Future Trading iii. External Commercial Borrowings. iv. Small savings, including Public Provident Fund. v. All deposit schemes of central government, including special and compulsory deposit schemes. vi. Foreign Investment Promotion Board. vii. Infrastructure: Development, Financing and Regulation. viii. Public Private Partnerships including policy, schemes and programmes. ix. Tax free bonds. x. Bilateral Investment Protection and Promotion Agreements. xi. Indian Overseas Direct Investment. 2.2. Preparing for future economic challenges and opportunities All matters relating to i. Macroeconomic policy, including fiscal, monetary and credit policy. ii. Financial sector policy. iii. Sectoral policy reforms iv. External aspects of economic management.
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