Department of Economic Affairs

DEA is the nodal agency of the Union Government to formulate and monitor country's economic policies and programmes having a bearing on internal and external aspects of economic management. One of the principal responsibilities of this Department is the preparation of the Union Budget every year ( excluding the Railway Budget). Other main functions include :

• formulation and monitoring of economic policies at the macro level inter alia relating to the functioning of Indian Banking Industry, Insurance Agencies and Capital Market including Stock Exchanges.
• raising of external resources through Official Development Assistance (multilateral and bilateral) and commercial borrowings abroad, foreign investment, husbanding of foreign exchange resources including balance of payment.
• production of bank notes and coins of various denominations, postalstationery, postal stamps, etc.
• cadre management, career planning and training of the Indian Economic Service (IES).

On the internal front, the cardinal role of DEA relates mainly to formulation of ways and means to raise internal resources through taxation, market borrowings, regulation of money supply and mobilization of small savings.

ORGANISATIONAL UNITS

Presently, the work of DEA is organised in the following distinct but complementaryDivisions/Units (For Detailed information,click at button):-

AID, ACCOUNTS & AUDIT DIVISION

This Division is responsible for disbursement of loans and grants from multilateral/ bilateral donor agencies, debt servicing of loans to multilateral/ bilateral donors, accounting of external assistance, export promotion audit and supply of management information to credit Divisions.