Shri Narendra Modi
Shri Narendra Modi
Prime Minister of India
Divisions
Finance Branch
The Integrated Finance (IF) Division is headed by the Additional Secretary & Financial Advisor, and consists of Chief Controller of Accounts (Commerce), Economic Adviser (Finance), three Under Secretaries in the Integrated Finance Units and a Budget and Accounts Section

Functions of the Division

The main activities of the Division include:

  • Tendering financial advice on all matters involving government expenditure/concurrence to financial proposals of the Department of Commerce and its attached and subordinate offices (both Revenue & Capital expenditure).
  • Scrutiny of and concurrence to foreign deputation proposals of officers of Department of Commerce including obtaining the approval of Screening Committee of Secretaries through Department of Expenditure
  • Monitoring and reviewing the progress of expenditure against sanctioned grant on a monthly and quarterly basis
  • Ensuring compliance of instructions issued by the Department of Expenditure on economy/rationalization of expenditure.
  • Monitoring of the progress of the various schemes under Grant No.11 Department of Commerce
  • Evaluation of SFC/EFC/Cabinet note etc. & rendering advice thereon.
  • To monitor and vet replies on audit/PAC paras and other Committees
  • To screen all expenditure proposals requiring to be referred to DOE etc.
  • Participation by AS&FA on Boards of MMTC, STC and ITPO
  • Participation by Economic Adviser (Finance) on Boards of PEC, Tea Board, Coffee Board, Rubber Board, Tobacco Board, Spices Board, FDDI, UPASI, APEDA, MPEDA etc.
  • Release of grants to various organisations, EPCs, Commodity Boards, Authorities in respect of Revenue and Capital expenditure
  • Participating in detailed interactions with Department of Expenditure regarding fund utilisation position of the Department and seeking additional funds during discussions of budget for Revised Estimates
  • Collating suggestions regarding changes in duty structure for presentation before the Department of Revenue during Pre Budget Discussions
  • Other miscellaneous revenue related issues such as interacting with Finance Commission, monitoring of Budget Announcement etc.
  • Monitoring and permitting release of budgeted amounts for various export promotion schemes which include:
    • TIES(Trade Infrastructure for Export Scheme) –
    • ECGC (Export Credit Guarantee Corp.,) and NEIA (National Export Insurance Assurance) -Increasing competitiveness by covering export risks
    • MAI(Market Access Initiative) – Promotion of exports
    • Duty Drawback, Interest Equalization Scheme (IES)
    • Refund of Terminal Excise Duty to EOU/SEZ.
Support to Boards, Authorities and Autonomous Bodies which includes
  • Scrutiny of all proposals from Financial angle received from APEDA (Agriculture Products Export Development Authority), MPEDA (Marine Products Export Development Authority), Rubber, Spices, Coffee and Tea Board and other institutions such as IIFT (Indian Institute of Foreign Trade), IIP (Indian Institute of Packaging), FDDI (Footwear Design Development Institute), CRIT, etc.
  • Outlay provided to Plan, budget and administer plantation sector; promote and administer exports of agriculture and marine products.
Modernisation of Infrastructure which includes
  • DGCI&S (Directorate General of Commercial Intelligence and Statistics), DGFT (Directorate General of Foreign Trade)
  • Outlay provided for Export promotion, licensing and regulation, promotion of e-governance and capacity development
Function of Budget and Accounts Section
  • Preparation of Budget and related work in respect of Grant No. 10 — Department of Commerce
  • Coordination, compilation and printing and laying in Parliament of Detailed Demand for Grants (DDG) and the Outcome Budget of the Department of Commerce
  • Finalizing Revised Budget and Supplementary Demands
  • Preparation of final requirements and surrender of savings and re-appropriation of funds
  • Coordination work in respect of Standing Committee of Parliament with regard to Detailed Demand for Grants of Department of Commerce
  • Monitoring of progress of settlement of C&AG Audit paragraphs and PAC Recommendations in respect of Department of Commerce.
  • Monitoring of progress of expenditure and submitting monthly and quarterly progress reports to Secretary Commerce
Officers in the Division

The Following Officers/Officials are working in Finance Branch as on date:

  • Shri Shashank Priya : Additional Secretary & Financial Advisor
  • Currently Vacant : Economic Adviser
  • Shri C.M Negi : Under Secretary
  • Shri M.M Natwar : Under Secretary
  • Shri O.P. Joshi : Consultant(IFD)
Officers in the Budget & Accounts Division
  • Shri Shashank Priya : Additional Secretary & Financial Advisor
  • Dr. Shakuntala ­­­­ : CCA
  • Smt. Jenny Kiloung : Controller of Accounts
  • Shri Om Prakash : AO, Budget and Accounts
  • Shri S.S.Rana : Consultant