The Ministry of Finance comprises five Departments viz., Department of Economic Affairs, Department of Expenditure, Department of Revenue, Department of Investment & Public Asset Management (DIPAM) and Department of Financial Services. The Chief Controller of Accounts, Ministry of Finance, is handling the payment and accounting functions for eight of the thirteen Grants/Appropriations pertaining to the Ministry of Finance. These eight grants account for about 83% of the expenditure of Government of India; the bulk of the expenditure pertaining to interest payments and redemption of debt.
Functions of the Chief Controller of Accounts
The Secretary of each Department is the Chief Accounting Authority and is assisted by the Financial Adviser and the Chief Controller of Accounts in discharging the finance and accounting functions.
The Chief Controller of Accounts (CCA) is in overall charge of the accounting organization of the Ministry, supported by two Controllers of Accounts, one Deputy Controllers of Accounts, 2 Assistant Controller of Accounts, 37 Senior Accounts Officers/Pay and Accounts Officers, 85 Assistant Accounts Officers and approximately 221 other staff members at various levels.
CCA has been assigned the function of supervision of payments and accounting for the five Departments mentioned above along with other related functions including internal audit and budgeting.
A significant responsibility assigned to CCA, MOF is the release of fund transfer to the State Governments and Union Territories with Legislatures. These include the devolution of share of taxes, loans and grants, investment of the small saving collections from NSSF in State Securities.
CCA, MOF also accounts for the internal debt of the Government of India as well as the receipts and withdrawals in the Public Account pertaining to Government schemes like Public Provident Fund and the other Reserve Funds.
Another important function of the CCA is financial reporting. The monthly accounts and annual accounts for the Ministry of Finance are sent to the office of the Controller General of Accounts for consolidation. The Scheme of Departmentalization of Accounts envisaged a system of management accounts. CCA prepares monthly and quarterly review of receipts and expenditure for the information of the Secretaries of each Department.
Internal Audit being the responsibility of the CCA; Ministry of Finance the Internal Audit Wing under his office undertakes the audit of Banks handling National Small Savings schemes such as Public Provident Fund & Senior Citizen Savings Scheme. Another wing of the audit carries on the routine propriety audit of all the offices discharging payment functions in the 5 Departments of Ministry of Finance viz. the Cheque Drawing and Non-Cheque Drawing DDOs and PAOs.
In addition to above, there are certain other specialized functions discharged by the O/o Chief controller of Accounts, as enumerated below: -
- Release and monitoring of repayment of loans to Financial Institutions.
- Payment and settlement of pension payments in respect of pensioners of certain other countries settled in India.
- Accountal of loans to foreign governments and
- Preparation of consolidated accounts of total receipts and payments of all the Ministries/Departments for CGEGIS and calculation of interests of the Savings Fund and Insurance Fund.
The budget provision of the "Loans to Govt. Servants etc." is Rs. 150 Crore (net). The Demand for Grant relating to Loans and Advances to Government servants has been merged with Grant of DEA from 2016, and the expenditure there against is booked by all Ministries each month and combined in the Annual Appropriation Accounts.
Chief Controller of Accounts, Ministry of Finance has earnestly undertaken the implementation of Public Financial Management System (PFMS) for e-payment, accounting and fund management across all 18 local and outstation PAOs of the Ministry. DDOs and Programme Divisions have also been trained and are processing the bills etc through PFMS. All PAOs/DDOs and Programme Divisions are now using the PFMS portal for all payments which are being released electronically to the beneficiaries.
The Central Board of Direct Taxes and the Central Board of Excise and Customs have their separate accounting organizations headed by the Principal Chief Controller of Accounts.
Shri Sanjeev Shrivastava
Chief Controller of Accounts, M/o Finance
Room No 240B, North Block, New Delhi
Tel No(Office):23092523, Fax:23092101