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A Study on Financial
March 3, 2010
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Perspectives
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A Study on Financial Administration India
Perspectives.
Abstract
The study mainy for the administration of the various financial rules
and regulations including those relating to to the condition of services
of the government, employees, administrative matter relating to the
audit and accounts depatments,institutes and organizational
establishments and financial frame work relating to the depatments
and ministry , departmental expenditure and revenue generation and
development .the concept mainy works with the division of economic
affairs internal and external matters. The economic division advises
the department on question of economic policy, works with the criteria
of economic survey , economic classification, and planning of public
finance.
Broadly speaking there are two main type of administrative controls (1)
the internal control , (2) external control, internal control those are
which fitted into administrative machinery and itself and work
automatically with the moment of the machinery and external control
those which are fitted out side of the administrative machinery and
constitute invariably and makes provision for them
I . An Overview
The origin of the financial ministry in india goes back to the year 1810
when a separate finance department was created out of the public
department. But a separate secretary for a finance department was
appointed in 1843. in 1879 the finance department was redesignated
as the Department of Finance and Commerce which designation
continued upto 1905 when it was renamed as Department of Finance.
With the constitutional changes bougt about by government of india
act, in 1919 the finance department was reorganized in to seven
branches viz., General Finance, Revenue, currency, and banking ,
salaries, allowances, civil accounts, army finance, and military
accounts, the Auditor-General was assigned to the statutory status. ,in
1955 it was reorganized into four departments .
( ii ) Department of Revenue ,
( iii) Department of Expenditure ,
II. Methodology
.
iii) The administration of problem relating to the banking and
currencu, and in consulation with the ministries concerned
arranging for the proper utilization, of the countries foriegn
exchange resources
o The other highlight of the Union budget 2009-10 is that it lays much
emphasis on the Infrastructure development. The allocation for
National Highways Development Programme (NHDP) and NHAI has
been increased by 23% in this fiscal. Railways also to get Rs 15,000
crores which was Rs 10,000 crores in the interim budget.
VI . References ;