Finance Secretary of India
The Finance Secretary (IAST: Vitta Saciva) 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. The current Finance Secretary is Rajiv Kumar.
|Finance Secretary of India
|Ministry of Finance|
|Residence||New Moti Bagh, New Delhi, India|
|Seat||Ministry of Finance|
North Block, Cabinet Secretariat
|Appointer||Appointments Committee of the Cabinet|
|Term length||Two years, term can be extended.|
|Salary||₹225,000 (US$3,300) monthly|
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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
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.
|Base Salary as per 7th Pay Commission (Per month)||Pay Matrix Level||Sources|
|₹225,000 (US$3,300)||Pay Level 17|
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