Integrated financial advisor (India) (edit)
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{{unreferenced |date= October 2012}} | {{unreferenced |date= October 2012}} | ||
In the [[ | 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. | ||
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: | ==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}} | ||