MarcyThompson89: improved citations further and corrected details to improve readability

2026-02-18T10:33:53Z

improved citations further and corrected details to improve readability

>Nitesh003: Adding short description: "Administrative head of the Ministry of Finance" (Shortdesc helper)

2021-10-10T02:37:05Z

Adding short description: "Administrative head of the Ministry of Finance" (Shortdesc helper)

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{{Short description|Administrative head of the Ministry of Finance}}
{{Use dmy dates|date=March 2019}}
{{Use Indian English|date=March 2019}}
{{Infobox official post
| post = Finance Secretary
| body = India
| native_name =
| flag = Flag of India.svg
| flagsize = 110px
| flagborder = Yes
| flagcaption = [[Flag of India]]
| insignia = Emblem_of_India.svg
| insigniasize = 75px
| insigniacaption =
| image =
| image_size =
| alt =
| incumbent = [[T. V. Somanathan]], [[Indian Administrative Service|IAS]]
| incumbentsince = 29 April 2021
| type =
| status =
| department = [[Ministry of Finance (India)|Ministry of Finance]]
| style =
| member_of =
| reports_to = {{hlist |[[Parliament of India]] | [[Council of Ministers of India]] | [[Prime Minister of India]] | [[Minister of Finance (India)|Finance Minister of India]]|
[[Cabinet Secretary of India]]}}
| residence = [[New Moti Bagh]], [[New Delhi, India]]
| seat = [[Ministry of Finance (India)|Ministry of Finance]]<br>[[Secretariat Building, New Delhi|North Block, Cabinet Secretariat]] <br>[[Raisina Hill]]<br>[[New Delhi]]
| nominator =
| appointer = [[Appointments Committee of the Cabinet]]
| appointer_qualified =
| termlength = {{raise|0.0em|Two years, term can be extended.}}
| termlength_qualified =
| constituting_instrument =
| precursor =
| formation = {{Start date and age|df=yes|1947}}
| first =
| last =
| abolished =
| succession =
| abbreviation =
| unofficial_names =
| deputy =
| salary = {{INRConvert|225000}} monthly
| website = {{URL|http://www.finmin.nic.in/|Official Website}}
}}
{{Politics of India}}
The '''Finance Secretary''' ({{IPA-hi|vit̪t̪ə səcivə|pron}}) is the administrative head of the [[Ministry of Finance (India)|Ministry of Finance]]. This post is held by senior [[Indian Administrative Service|IAS officer]] of the rank of [[Secretary to Government of India]]. Senior IAS officer T. V. Somanathan appointed new finance secretary.<ref>{{Cite web|url=https://www.ndtv.com/india-news/rajiv-kumar-appointed-as-new-finance-secretary-after-subash-chandra-gargs-exit-2077761?amp=1&akamai-rum=off|title=rajiv-kumar-appointed-as-new-finance-secretary|access-date=July 31, 2017|work=ndtv}}</ref><ref>{{cite news|url=https://m.timesofindia.com/india/in-big-revamp-finance-secy-moved-out-new-home-secy-likely/amp_articleshow/70370752.cms|title=in-big-revamp-finance-secy-moved-out-new-home-secy-likely|access-date=25 July 2019|work=timesofindia}}</ref><ref>{{Cite news|agency=Press Trust of India|url=https://www.business-standard.com/article/pti-stories/debasish-panda-appointed-finance-secretary-120021301557_1.html|title=Senior IAS officer T V Somanathan appointed new finance secretary|date=2020-02-13|work=Business Standard India|access-date=2020-02-14}}</ref>

As a [[Secretary to Government of India]], the Finance Secretary ranks 23rd on [[Indian order of precedence|Indian Order of Precedence.]]<ref name="rajyasabha2">{{cite web|url=http://rajyasabha.nic.in/rsnew/guidline_govt_mp/chap11.pdf|title=Order of Precedence|date=July 26, 1979|work=[[Rajya Sabha]]|publisher=President's Secretariat|access-date=September 24, 2017}}</ref><ref name=":6">{{Cite web|url=http://mha.nic.in/sites/upload_files/mha/files/table_of_precedence.pdf|title=Table of Precedence|date=July 26, 1979|website=[[Ministry of Home Affairs (India)|Ministry of Home Affairs]], [[Government of India]]|publisher=President's Secretariat|url-status=dead|access-date=September 24, 2017|archive-url=https://web.archive.org/web/20140527155701/http://mha.nic.in/sites/upload_files/mha/files/table_of_precedence.pdf|archive-date=27 May 2014}}</ref><ref name=":7">{{Cite web|url=http://mha.nic.in/hindi/top|title=Table of Precedence|website=[[Ministry of Home Affairs (India)|Ministry of Home Affairs]], [[Government of India]]|publisher=President's Secretariat|url-status=dead|access-date=September 24, 2017|archive-url=https://web.archive.org/web/20140428030937/http://mha.nic.in/hindi/top|archive-date=28 April 2014}}</ref><ref name="Maheshwari 2001 6662">{{cite book|title=Indian Administration (6th Edition)|last=Maheshwari|first=S.R.|publisher=Orient Blackswan Private Ltd.|year=2000|isbn=9788125019886|location=[[New Delhi]]}}</ref>

== Powers, responsibilities and postings ==
Finance Secretary is the administrative head of the [[Ministry of Finance (India)|Ministry of Finance]], and is the principal adviser to the [[Minister of Finance (India)|Finance Minister]] on all matters of policy and administration within the Finance Ministry.<ref name="CSMOP India">{{cite web|url=http://darpg.gov.in/sites/default/files/CSMOP_0_0.pdf|title=Central Secretariat Manual of Office Procedure - 14th Edition (2015)|publisher=[[Ministry of Personnel, Public Grievances and Pensions (India)|Ministry of Personnel, Public Grievances and Pension]]|page=6|access-date=15 November 2016}}</ref> 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.<ref>{{cite web|url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=188381|title=Secretary (Economic Affairs) as Finance Secretary doesn’t deal with expenditure proposals from the Ministry of Defence; Rather it is Department of Expenditure, Ministry of Finance which deals with financial sanctions relating to all the Ministries of the Government of India|date=2019-02-11|access-date=2019-06-07|publisher=Press Information Bureau, Government of India}}</ref>

The role of Finance Secretary is as follows:
* To act as the administrative head of the [[Ministry of Finance (India)|Ministry of Finance]]. The responsibility in this regard is complete and undivided.<ref name="Governance India">{{cite book|title=Governance in India (2nd Edition)|last=Laxmikanth|first=M.|publisher=McGraw Hill Education|year=2014|isbn=978-9339204785|location=[[Noida]]|pages=3.1–3.10}}</ref>
* To act as the chief adviser to the [[Minister of Finance (India)|Finance Minister]] on all aspects of policy and administrative affairs.<ref name="Governance India" />
* To represent the [[Ministry of Finance (India)|Ministry of Finance]] before the [[Public Accounts Committee]] of the [[Parliament of India]].<ref name="Governance India" />
* To act as the [[Primus inter pares|first among equals]] among [[Secretary to Government of India|secretaries]] in the [[Ministry of Finance (India)|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 Delhi]], a Type-VIII [[bungalow]].

As the Finance Secretary is of the rank of [[Secretary to Government of India]], his/her salary is equivalent<ref name="Army Pay Rules">{{cite web|url=http://www.mod.nic.in/sites/default/files/ArmyPayRules.pdf|title=Army Pay Rules, 2017|date=May 3, 2017|work=[[Ministry of Defence (India)|Ministry of Defence]], [[Government of India]]|access-date=September 24, 2017}}</ref> to [[Chief Secretary (India)|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]].<ref name="Army Pay Rules" />
{| class="wikitable mw-collapsible" style="margin: 1ex 0 1ex 1ex; "
|+'''Finance Secretary monthly pay and allowances'''
!Base Salary as per [[7th Central Pay Commission (CPC) and Defence Forces|7th Pay Commission]] (Per month)
!Pay Matrix Level
!Sources
|-
|{{INRConvert|225000}}
|Pay Level 17
|<ref name="7 Pay Commission Report">{{cite web|url=http://7cpc.india.gov.in/pdf/sevencpcreport.pdf|title=Report of the 7th Central Pay Commission of India|publisher=Seventh Central [[Pay Commission]], [[Government of India]]|format=PDF|url-status=dead|access-date=August 13, 2017|archive-url=https://web.archive.org/web/20151120092637/http://7cpc.india.gov.in/pdf/sevencpcreport.pdf|archive-date=20 November 2015}}</ref>
|}

==See also==
*[[Cabinet Secretary of India]]
*[[Home Secretary of India]]
*[[Foreign Secretary of India]]
*[[Defence Secretary of India]]

==References==
{{reflist}}

==External links==
* [http://www.finmin.nic.in/ Finance Ministry, Official website]

[[Category:Government finances in India]]
[[Category:Indian government officials]]
[[Category:Ministry of Finance (India)]]

Finance Secretary (India) - Revision history

MarcyThompson89: improved citations further and corrected details to improve readability

>Nitesh003: Adding short description: "Administrative head of the Ministry of Finance" (Shortdesc helper)