DEA is the nodal agency of the Union Government to formulate and monitor country's economic policies and programmes having a bearing on domestic and international aspects of economic management. A principal responsibility of this Department is the preparation of the Union Budget annually (excluding the Railway Budget). Other main functions include:

• Formulation and monitoring of macroeconomic policies, including issues relating to fiscal policy and public finance, inflation, public debt management and the functioning of Capital Market including Stock Exchanges. In this context, it looks at ways and means to raise internal resources through taxation, market borrowings and mobilization of small savings;

• Monitoring and raising of external resources through multilateral and bilateral Official Development Assistance, sovereign borrowings abroad, foreign investments and monitoring foreign exchange resources including balance of payments;

• Production of bank notes and coins of various denominations, postal stationery, postal stamps; and Cadre management, career planning and training of the Indian Economic Service (IES).  

ORGANISATIONAL UNITS

Presently, the work of DEA is organised in the following distinct but complementary  Divisions/Units : -

( For Detailed information, click at Hyperlink on Division Name)  

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.

ADMINISTRATION  DIVISION
      All administrative and establishment matters, including protocol, and implementation of Official Language Policy fall within the domain of this Division.       

BILATERAL COOPERATION DIVISION
    BC Division deals with Bilateral Development Assistance from all G-8 countries.  One of the main functions of the Division is to extend concessional Lines of Credit to other developing countries.  It also monitors the progress of implementation of Externally Aided Projects and administers all short term foreign training programmes.

BUDGET DIVISION
       Apart   from  preparation  of   Union  Budget  and  other  allied  issues  like market borrowings,  accounting and auditing  procedures  and financial   relationship with   the State Governments. This Division also deals with mobilization of small savings through the National Savings Organisation (NSO).

CAPITAL MARKET DIVISION
       It is primarily responsible for policy issues related to development of the securities markets (i.e. share, debt and derivatives), External Commercial Borrowing and administration of Foreign Exchange Management Act (FEMA), 1999. It also looks after the administrative matters of the Specified Undertaking of Unit Trust of India (SUUTI), the Securities and Exchange Board of  India (SEBI), Securities Appellate Tribunal (SAT) and Pensions Funds Regulation and Development Authority (PFRDA).      

ECONOMIC DIVISION
         It tenders economic advice to the Government on important policy issues relating to macro management of the economy.       

INTEGRATED FINANCE DIVISION
       The Integrated Finance Division is responsible for tendering of financial advice on all matters involving government expenditure of the Department of Economic Affairs and the Department of Financial Services. The Division is also responsible for preparation of the Budget and administering the Detailed Demands for Grants in respect of these Departments. Coordination, compilation and printing of the Detailed Demands for Grants and the Outcome Budget of the Ministry of Finance is also handled by this Division.  

MULTILATERAL RELATIONS DIVISION
       With a view to provide focused and outcome oriented engagement with multilateral organizations and Trade Related issues, Multilateral Relations Division has been created recently by merging Sections from Foreign Trade Division and Fund Bank Division specifically dealing with related issues.  The MR Division is headed by JS (MR) and comprises five sections.  Under the present schematic framework, MR-I Section has been assigned the job of rendering advice and dealing all matters related to G-20, G-24, G-8, ASEM, OECD and EC, MR-II Section deals with UN related matters and all policy related matters of UNDP comes under its purview.  MR-III Section advises on WTO and SAARC related matters.  MR-IV Section is responsible for all matters related to Colombo Plan and Technical Cooperation framed there under.  MR-V Section renders advice to Ministry of Commerce on issues arising out of and consequent to implementation of Foreign Trade Policy.

MULTILATERAL INSTITUTIONS DIVISION
        Matters relating to International Monetary Fund (IMF), International Bank for Reconstruction and Development (IBRD), International Development  Asso-ciation (IDA),  International Finance Corporation (IFC), Global Environment Facility (GEF)  and Multilateral Investment Guarantee Agency (MIGA) are the concern of this Division.

IES DIVISION
          All matters connected with Cadre Administration of Indian Economic Service (IES) are handled in IES division. 

INFRASTRUCTURE AND INVESTMENT DIVISION
      Sectoral responsibilities of infrastructure, including Railways, Telecommunications, Roads, Ports, Shipping, Civil Aaviation, Power, Coal, Non-Conventional Energy Resources and Inland Water Transport (IWT) are handled here. 

MIDDLE OFFICE (Debt Management)
      This Office is established consequent to the decision of the Government, announced in the Budget Speech of 2007-08, with the objective of enhancing Government's debt management capabilities and managing the risks in the government's debt portfolio.