आर्थिक कार्य विभाग DEPARTMENT OF Economic Affairs

Menu

You are here

Home >> Divisions >> Economic Division

Economic Division

The Division is headed by Chief Economic Adviser. The main functions of the Division are advisory in nature. The Division examines domestic and international economic trends and undertakes research studies having a bearing on economic policies and management of the economy and renders policy advice.

Main activities of the Division include:

  1. Monitoring of Prices and policies relating to price control.
  2. Monitoring of trends in Agricultural and Industrial Production and related policy issues.
  3. Monitoring of Production, Public Distribution and Stocks of food grains and related policy issues.
  4. Monitoring of Monetary and Credit Aggregates.
  5. Monitoring of Public Finance.
  6. Monitoring of Fiscal Policy and Tax Reforms.
  7. Monitoring of Foreign Trade and Balance of Payments.
  8. International Economic Institutions: World Bank and IMF, ADB and G-20 related issues.
  9. Preparation of Annual Economic Survey and Mid Year Review of the Economy.
  10. Preparation of Economic and Functional Classification of the Central Government Budget.
  11. Preparation of Monthly Economic Report and Report on State of the Economy.
  12. Compilation of Statistical Album on Public Finance.
  13. Collection, compilations and quarterly dissemination of External Debt Statistics
  14. Preparation of Macro-Economic backdrop for Quarterly Statement to be placed in Parliament in compliance of the FRBM Act, 2003.
  15. Organising Pre-budget meetings of the Finance Minister with Industry Association(s), Economists, and other stake holders.
  16. Organising the Annual International Conference (Delhi Economic Conclave)
  17. Parliament Questions/work relating to Parliamentary Standing Committee/Consultative Committee.
  18. All issues related to Cadre control and Cadre management of Indian Economic Service.

THE WORK OF THE ECONOMIC DIVISION IS ORGANISED UNDER THE FOLLOWING UNITS:

  • Micro Unit

    • Analysing the trends of macroeconomic parameters, specifically, GDP, output, savings, and investment.
    • Preparing updates, briefs and presentations on the overall macroeconomic scenario.
    • Carry out GDP growth projection for the Union Budget.
    • Drafting and finalizing chapter related to Macro Unit for the Annual Economic Survey.
    • Contributed in number of economic research exercises (internal).
    • Regular updation of data and meta on IMF’s National Summary Data page (Country coordination for Special Data Dissemination Standard (SDDS)).
  • Public Finance Unit

    • Monitoring of trends and patterns in Central fiscal parameters.
    • Analysis of policies relating to central outlays, resources and expenditure, fiscal issues, tax measures, direct and indirect tax proposals/reforms.
    • Review of fiscal position of the government in the Economic Survey.
    • Booklet on Economic and Functional Classification (EFCL) - It facilitates in making the budget a more useful tool of economic analysis.
    • Indian Public Finance Statistics (IPFS)-This contains time series information relating to Annual Plan outlays and pattern of their financing, budgetary transactions of Centre, States and Union Territories, trends in domestic saving and investment, trends in net domestic product of States, etc.
    • Government Finance Statistics (GFS)-The Public Finance Unit provides information for GFS yearbook, an annual publication of IMF which collects data on public sector from member countries.
  • Industry and Infrastructure Unit

    • Monitoring industrial growth and investment.
    • Growth rate of GVA (%) in Industry.
    • Monthly Analysis of IIP data from CSO (YoY) and trends in Eight core industry data from DIPP (YoY).
    • Analyze developments in Industrial Sector, industrial investment/ financing Public Sector Units, industrial sickness, infrastructure Policy, Investment and Financing.
    • Drafting and finalizing chapters on Industry and Infrastructure for the Annual Economic Survey.
  • Climate Change Finance Unit

    • Deals with all Climate Finance related matters and functions as the nodal point for Climate Finance related issues in the Ministry of Finance.
    • Represents India in international negotiations on Climate Finance under UNFCCC such as the negotiations culminating in the path-breaking Paris Climate Change Agreement in 2015, meetings of APA, SBSTA and SBI.
    • Represents MOF in G20 discussions on Climate Finance and Green Finance in Climate Finance Study Group and Green Finance Study Group as well as provides inputs to the G20 secretariat.
    • Provides inputs to the GCF Board Member representing India in its role as the Board Member.
    • Undertakes research studies on climate change finance related aspects.
  • Agriculture and Food Management Unit

    • The Agriculture & Food Management Unit prepares analytical notes on issues related to agriculture and food management such as farming, agrarian distress, farmers’ indebtedness, pricing and procurement as well as distribution of agricultural produce.
    • The Unit also advises the Government on specific policy issues pertaining to the allied sectors of animal husbandry, fisheries, and dairying.
    • Examine/Appraise Cabinet/CCEA/CoS/EFC/SFC and other policy notes related to major policies and schemes pertaining to agriculture and allied sectors and food management.
    • Analysis of agrarian issues, agricultural price trends, procurement of food and its distribution and other topics concerning agriculture and food management.
    • Providing policy advice on issues related to agriculture and food management.
    • Pre-budget meetings with farmers’ unions, civil society organizations, farmers’ welfare organizations/experts etc.
    • Preparing chapter on Agriculture and Food Management for the Annual Economic Survey.
    • Providing inputs for Monthly Economic Review of Department of Economic Affairs.
    • The Unit collates and uses data in their analysis work from all other Ministries/ Departments implementing programmes/ schemes concerning agriculture and food management.
  • Social Infrastructure, Employment and Human Development Unit

    • The Social Infrastructure, Employment and Human Development Unit prepares analytical notes on poverty, employment, rural development and other topics on the issues like health, education, employment including labour market etc.
    • The Unit also advises the Government on specific policy issues related to social infrastructure and human development.
    • Examine/Appraise Cabinet/CCEA/CoS/EFC/SFC and other policy notes on major social sector policies and areas.
    • Analysis of labour issues, employment & unemployment trends, health, education and other topics concerning social sector.
    • Pre-budget meetings with labour unions, civil society organizations, health, welfare and women’s organizations/experts etc.
    • Participation/membership of various Committees on Labour Statistics and Skills.
    • Prepares the chapter on Social Sector for the Annual Economic Survey.
    • Unit collates and uses data from all other Ministries/ Departments implementing social and economic welfare programmes/ schemes.
  • Price Unit

    • Monitoring of prices and policies relating to price control.
    • Tracking and analysis of various Price and Inflation indices.
    • Monitoring of global commodity prices.
    • Issues related to Price Policy and inflation management.
  • Services Sector Unit

    • Monitoring the performance of services trade.
    • Comments on Notes related to trade in services, WTO negotiations in Services, etc.
    • Preparing the Chapter on Services Sector for the Economic Survey.
  • External Sector Unit

    • The External Sector Unit prepares analytical notes on Monitoring of India’s merchandise trade, Balance of Payments (BoP) developments, exchange rate movements, foreign exchange reserves, global economic developments, Analysis of commodity composition and direction of merchandise trade.
    • Monitoring the exchange rate movements, India’s merchandise trade, Balance of Payments (BoP) developments, foreign exchange reserves and global economic developments.
    • Analysis of commodity composition and direction of merchandise trade.
    • Matters relating to Short-term Balance of Payments (STBoP) Monitoring Group.
    • Drafting and finalizing the chapter on Balance of Payments (BoP) for Economic Survey.
    • Providing policy advice on issues related to foreign trade.
  • External Debt Management Unit

    • Preparing the Report on External Debt (Quarterly) for two quarters by collecting data from different sources like SEBI, RBI, CAAA and Ministry of Defence and also analyses them.
      • a) End-September - Released in December
        b) End -December - Released in March by EDMU
    • Release of India’s External Debt: A Status Report by updating the country’s external debt position, along with international comparisons. This is an annual publication.
    • Collecting the base level data on defence debt from the Ministry of Defence and processing the same for inclusion in external debt data.
    • Drafting the section on ‘External Debt’ for the chapter on External Sector for Economic Survey and also for Mid-Year Review.
    • Collection, compilation and supply of India’s external debt data to World Bank for their centralized database system called ‘Quarterly External Debt Statistics (QEDS)’ to meet SDDS requirements. This is done on a quarterly basis.
    • Supply of data to CAA&A for onward submission to the World Bank for their ‘Global Development Finance’.
  • Money and Banking Policy

    • Monitoring of money market trends and developments in monetary policy, banking policy and aggregate trends in credit flows, yields on G-Sec/Treasury Bills and behavior of Call Money Rates and LAF operations.
    • Analysis of monetary policy and performance of Banking Sector.
    • Providing inputs for monthly economic review of Department of Economic Affairs.
    • Preparing chapter on Monetary and Financial Intermediation for the Economic Survey.
    • Providing policy advise on issues related to banking and financial sector.
  • Coordination Unit

    • Organizing Finance Minister’s Pre-Budget meetings with various stake holders i.e. Banking and Financial Institutions, Economists, Trade and Industry Group, Agriculture Group, Social Sector related group and Trade Union group.
    • Publishing of Annual Economic Survey, and laying it before the Parliament.
    • Organizing Delhi Economics Conclave, an Annual International Conference, on thematic issues.
    • Internal administration and coordination in Economic Division.

INDIAN ECONOMIC SERVICES SECTION

All work relating to Cadre management including training and cadre control of Indian Economic Service.

The following subjects are dealt in the section:

  • Examination for Direct Recruitment - Examination Rules and Syllabus
  • Direct Recruitment and Appointment to the service - medical examination and antecedent/character verification
  • Recruitment through induction from feeder posts holders
  • Policy matters relating to IES Rules & other guidance.
  • Cadre Review
  • Encadrement of posts to IES
  • Nomination of officers for deputation under Central Staffing Scheme
  • Holding of DPC meetings for promotions to various grade of IES
  • Holding of Screening Committee meetings for grant of financial upgradation on non-functional basis to various grades of IES
  • Training of IES Probationers and inductees.
  • Training needs assessment and capacity building of IES officers through in service training programmes and compulsory mid-career training
  • Implementation of comprehensive training policy of IES officers
  • Sponsoring officers for foreign assignments/long term training programme
  • Management of retirement and resignation of IES Officers
  • Deputation of IES officers to ex-cadre post/public sector undertakings/ State Governments and foreign service
  • Secretariat for IES Board
  • Matters pertaining to court cases on IES matters
  • Operating IES Budget Head for salary, training and grants
  • Maintaining ACRs of IES officers
  • Matters pertaining to vigilance/disciplinary cases
  • RTI matters
  • Career management and placement of IES officers in participating Ministries and Departments.
  • Preparation and maintenance of IES civil list and Seniority list
Footer Menu