The Finance Secretary () is the administrative head of the
Ministry of Finance. This post is held by senior
IAS officer of the rank of
Secretary to Government of India. T. V. Somanathan is the incumbent Finance Secretary.
As a
Secretary to Government of India, the Finance Secretary ranks 23rd on
Indian Order of Precedence.
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.
The senior most Secretary among the five Secretaries of the five Departments of the Ministry of Finance, viz. Economic Affairs, Expenditure, Financial Services, Revenue and Investment & Public Assets Management of Ministry of Finance, is designated as Finance Secretary.
The role of Finance Secretary is as follows:
* To act as the administrative head of the
Ministry of Finance. The responsibility in this regard is complete and undivided.
* To act as the chief adviser to the
Finance Minister on all aspects of policy and administrative affairs.
* To represent the
Ministry of Finance before the
Public Accounts Committee of the
Parliament of India.
* To act as the
first among equals among
secretaries in the
Ministry of Finance.
Emolument, accommodation and perquisites
The Finance Secretary is eligible for a
Diplomatic passport. The official earmarked residence of the Union Finance Secretary is 5,
New Moti Bagh
New Moti Bagh is a residential colony in South Delhi. New Moti Bagh occupies an area of 143 acres, in the exclusive New Delhi Municipal Council (NDMC) area of New Delhi. It is one of Delhi's most expensive areas, where land rates vary from 10 la ...
,
New Delhi, a Type-VIII
bungalow
A bungalow is a small house or cottage that is either single-story or has a second story built into a sloping roof (usually with dormer windows), and may be surrounded by wide verandas.
The first house in England that was classified as a b ...
.
As the Finance Secretary is of the rank of
Secretary to Government of India, his/her salary is equivalent
to
Chief Secretaries of State Governments and to Vice Chief of Army Staff/Commanders, in the rank of
Lieutenant General and equivalent ranks in
Indian Armed Forces.
List of Finance Secretaries
See also
*
Cabinet Secretary of India
*
Home Secretary of India
The Home Secretary ( IAST: ''Gṛha Saciva'' ''गृह सचिव'') is the administrative head of the Ministry of Home Affairs. This post is held by a very senior IAS officer of the rank of Secretary to Government of India. The current Hom ...
*
Foreign Secretary of India
The foreign secretary of India ( IAST: ''Videśa Saciva'') is the top diplomat of India and administrative head of the Ministry of External Affairs. This post is held by an Indian foreign service officer of the rank of secretary to the govern ...
*
Defence Secretary of India
References
External links
Finance Ministry, Official website
{{Union ministries of India
Government finances in India
Indian government officials
Ministry of Finance (India)