Integrated financial advisor (India) - Revision history

WikiDwarf: Reverted edits by Digitalpartner (talk) to last revision by >Gotitbro

2023-08-17T04:39:49Z

Reverted edits by Digitalpartner (talk) to last revision by [[User:>Gotitbro|>Gotitbro]]

← Older revision		Revision as of 10:09, 17 August 2023
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	{{unreferenced \|date= October 2012}}		{{unreferenced \|date= October 2012}}

	In the [[Civil Services of India]], an '''Integrated financial advisor''' (IFA) is supposedly representative of Ministry of finance and is attached to any executive (higher or equal to the level of level of joint secretary in civil and brigadier in military) to assist it in the exercise of financial powers. The role of ~~[https://myadvisers.net~~ Financial Advisor] is now considered akin to CFO (Chief Financial Officer) in Corporate Sector. The IFA is of the rank of joint secretary and of additional secretary. The IFA is selected jointly by the administrative machinery and the [[Ministry of Finance (India)\|finance ministry]]. He or she is under joint control and answerable to both.		In the [[Civil Services of India]], an '''Integrated financial advisor''' (IFA) is supposedly representative of Ministry of finance and is attached to any executive (higher or equal to the level of level of joint secretary in civil and brigadier in military) to assist it in the exercise of financial powers. The role of Financial Advisor is now considered akin to CFO (Chief Financial Officer) in Corporate Sector. The IFA is of the rank of joint secretary and of additional secretary. The IFA is selected jointly by the administrative machinery and the [[Ministry of Finance (India)\|finance ministry]]. He or she is under joint control and answerable to both.

	The post of IFA was first introduced in the [[Ministry of Shipping (India)\|ministry of shipping and transport]] in 1974 on an experimental basis and after then extended to all ministries of the central government in 1975 and 1976		The post of IFA was first introduced in the [[Ministry of Shipping (India)\|ministry of shipping and transport]] in 1974 on an experimental basis and after then extended to all ministries of the central government in 1975 and 1976

Digitalpartner: This is a Reference Link

2023-08-17T03:59:08Z

This is a Reference Link

← Older revision		Revision as of 09:29, 17 August 2023
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	{{unreferenced \|date= October 2012}}		{{unreferenced \|date= October 2012}}

	In the [[Civil Services of India]], an '''Integrated financial advisor''' (IFA) is supposedly representative of Ministry of finance and is attached to any executive (higher or equal to the level of level of joint secretary in civil and brigadier in military) to assist it in the exercise of financial powers. The role of Financial Advisor is now considered akin to CFO (Chief Financial Officer) in Corporate Sector. The IFA is of the rank of joint secretary and of additional secretary. The IFA is selected jointly by the administrative machinery and the [[Ministry of Finance (India)\|finance ministry]]. He or she is under joint control and answerable to both.		In the [[Civil Services of India]], an '''Integrated financial advisor''' (IFA) is supposedly representative of Ministry of finance and is attached to any executive (higher or equal to the level of level of joint secretary in civil and brigadier in military) to assist it in the exercise of financial powers. The role of [https://myadvisers.net Financial Advisor] is now considered akin to CFO (Chief Financial Officer) in Corporate Sector. The IFA is of the rank of joint secretary and of additional secretary. The IFA is selected jointly by the administrative machinery and the [[Ministry of Finance (India)\|finance ministry]]. He or she is under joint control and answerable to both.

	The post of IFA was first introduced in the [[Ministry of Shipping (India)\|ministry of shipping and transport]] in 1974 on an experimental basis and after then extended to all ministries of the central government in 1975 and 1976		The post of IFA was first introduced in the [[Ministry of Shipping (India)\|ministry of shipping and transport]] in 1974 on an experimental basis and after then extended to all ministries of the central government in 1975 and 1976

>Gotitbro at 07:51, 11 September 2021

2021-09-11T07:51:51Z

← Older revision		Revision as of 13:21, 11 September 2021
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	{{unreferenced \|date= October 2012}}		{{unreferenced \|date= October 2012}}

	In the [[~~Indian~~ Civil ~~Service~~]], an '''Integrated financial advisor''' (IFA) is supposedly representative of Ministry of finance and is attached to any executive (higher or equal to the level of level of joint secretary in civil and brigadier in military) to assist it in the exercise of financial powers. The role of Financial Advisor is now considered akin to CFO (Chief Financial Officer) in Corporate Sector. The IFA is of the rank of joint secretary and of additional secretary. The IFA is selected jointly by the administrative machinery and the [[Ministry of Finance (India)\|finance ministry]]. He or she is under joint control and answerable to both.		In the [[Civil Services of India]], an '''Integrated financial advisor''' (IFA) is supposedly representative of Ministry of finance and is attached to any executive (higher or equal to the level of level of joint secretary in civil and brigadier in military) to assist it in the exercise of financial powers. The role of Financial Advisor is now considered akin to CFO (Chief Financial Officer) in Corporate Sector. The IFA is of the rank of joint secretary and of additional secretary. The IFA is selected jointly by the administrative machinery and the [[Ministry of Finance (India)\|finance ministry]]. He or she is under joint control and answerable to both.

	The post of IFA was first introduced in the [[Ministry of Shipping (India)\|ministry of shipping and transport]] in 1974 on an experimental basis and after then extended to all ministries of the central government in 1975 and 1976		The post of IFA was first introduced in the [[Ministry of Shipping (India)\|ministry of shipping and transport]] in 1974 on an experimental basis and after then extended to all ministries of the central government in 1975 and 1976

	In defence, the IDAS officers are appointed as IFA. The lower level purchase are being decentralized and IFA acts as approving authority for such purchases. IDAS are recruited through Civil Services Examinations		In defence, the IDAS officers are appointed as IFA. The lower level purchase are being decentralized and IFA acts as approving authority for such purchases. IDAS are recruited through Civil Services Examinations.

	~~http://finmin~~.~~nic.in/the_ministry/dept_expenditure/acts_codes/Charter_FA_English.pdf~~

	This is a very recent phenomenon and is yet to be fully implemented.		This is a very recent phenomenon and is yet to be fully implemented.
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	* Costing, Estimation, Benchmarking, Best Practices		* Costing, Estimation, Benchmarking, Best Practices

	[[Category:~~Indian~~ Civil ~~Service~~]]		==References==
			{{Reflist}}
			*[http://finmin.nic.in/the_ministry/dept_expenditure/acts_codes/Charter_FA_English.pdf Charter]. [[Ministry of Finance (India)\|Ministry of Finance]], [[Government of India]].

			[[Category:Civil Services of India]]


	{{India-gov-stub}}		{{India-gov-stub}}

>Michaelwallace22: deorphan

2020-12-17T01:59:44Z

deorphan

New page

{{Use dmy dates|date=July 2019}}
{{unreferenced |date= October 2012}}

In the [[Indian Civil Service]], an '''Integrated financial advisor''' (IFA) is supposedly representative of Ministry of finance and is attached to any executive (higher or equal to the level of level of joint secretary in civil and brigadier in military) to assist it in the exercise of financial powers. The role of Financial Advisor is now considered akin to CFO (Chief Financial Officer) in Corporate Sector. The IFA is of the rank of joint secretary and of additional secretary. The IFA is selected jointly by the administrative machinery and the [[Ministry of Finance (India)|finance ministry]]. He or she is under joint control and answerable to both.

The post of IFA was first introduced in the [[Ministry of Shipping (India)|ministry of shipping and transport]] in 1974 on an experimental basis and after then extended to all ministries of the central government in 1975 and 1976

In defence, the IDAS officers are appointed as IFA. The lower level purchase are being decentralized and IFA acts as approving authority for such purchases. IDAS are recruited through Civil Services Examinations

http://finmin.nic.in/the_ministry/dept_expenditure/acts_codes/Charter_FA_English.pdf

This is a very recent phenomenon and is yet to be fully implemented.

==Powers and functions==
* Helps in presentation of budget.
* Post budget vigilance.
* Scrutiny of projects and program.
* Assist secretary.
* Concurrence to proposals having financial implications
* Costing, Estimation, Benchmarking, Best Practices

[[Category:Indian Civil Service]]

{{India-gov-stub}}