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KEY PEOPLE BEHINDBUDGET

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GROUP MEMBERS

Ravi Kalathiya (211)

Neel Kalavadia (212)

Sarfaraz Kaliwala (213)

Krutika Khemani (214)

Harsh Kanani (215)

Priyanka Karira (216)

Nidhi Kesria (217)

Dhanesh Khandhar (218) Abhishek (219)

Mohit Kheskani (220)

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1. What is budget

2. Types of budget

3. Significance of budget

4. Important dates and significance of change

5.

Key people behind budgetRole of prime minister

Role of Finance minister

Role of ministries and department

Role of Defense Minister

6. Detail step by step roles of key persons

7. Conclusion

8.

Webliography

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WHAT IS A BUDGET

PURPOSE

Track expenses Set limits of government expenditure

Reach goals

Bring changes in financial structure

Measures the financial operation against forecast

Financial statement, used to estimate future income and expenses.

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TYPES OF BUDGETThere are two types of budgets, namely :

Railway Budget

General Budget

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ROLE OF FINANCE MINISTER

He compares SBE with available resources

He is the incharge of tax department

The finance minister is a executive or cabinet position in a government.

A minister of finance has many different jobs in a government

forms the government budget

stimulate the economy

control finances

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FUNCTIONS Efficient use of available resources

Indicate factors that restrains economic development

Executes each stage of plans and make necessary adjustments

To define the stages on the basis of which plans should be executed

Its an institution in the government of

India, which formulates :India's five-year plans and

Annual plans among other functions.

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The Set up is:

Chairman

Sh. Montek Singh Ahluwalia, Dy. Chairman

Shri Ashwani Kumar, Minister of State

Members Shri B. K. Chaturvedi

Saumitra Chaudhuri

Dr.(Ms.) Syeda Hameed

Dr. Narendra Jadhav

Prof. Abhijit Sen

Dr. Mihir Shah

Dr. K. Kasturirangan

Sh. Arun Maira

Ms. Sudha Pillai, Member Secretary

Senior Officials

Grievance Officers

The Planning Commission functions through several

Divisions, each headed by a Senior Officer.

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The Prime Minister, as we all know, is not just restricted to recommend the

President of India, but it also has several other work to be done.

One of the role related here is, he is the Chairman of the Planning Commission

which works under the overall guidance of the National Development Council.

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Calls forplan proposals from various ministers and departments.

Submits consolidated reports of ministries and departments to ministries of

finance.

Informs about revised outlayto ministries and departments.

Sets up steering committees for analyzing the Statement budget estimates

in-dept discussion.

Consolidates all the SBEsand then send it to department of finance

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ROLE OF MINISTRIES AND DEPARTMENT

MINISTRY OF AGRICULTUREo Department of Agricultural research and

cooperation.

o Department of Animal Husbandry and Dairying

MINISTRY OF CHEMICAL FERTILIZERSo Department of Fertilizers

Ministries and department are the different departmental head which

helps the planning commission in different matters to provide expertise

help. Some departments are :

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MINISTRY OF HEAVY INDUSTRIES & PUBLIC ENTERPRISESo Department of Public enterprise

o Department of heavy industries

MINISTRY OF SHIPPING, ROAD TRANSPORT AND HIGHWAYS, ETC

MINISTRY OF ECONOMIC AFFAIRS

MINISTRY OF DIS-INVESTMENT

MINISTRY OF SCIENCE AND TECHNOLOGY

o Department of bio-technology

o Department of scientific and industrial research

MINISTRY OF COMMERCE AND INDUSTRYo Department of commerce

o Department of industrial policy and promotion

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ROLE OF DEFENCE MINISTER

Weapons and ammunitions

Research and development

Ex-servicemen of the army

Looks that specific amount has been allocated for the:

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Detail Step by Step role of

key persons

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Reviews

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At the end of financial year, each ministry ofdepartments reports actual expenditure to planning

commission.

AUDIT

The budget is Audited by Comptroller and Auditor General of India. Each year budgetdocument includes three sets of estimates

Allocations proposed for coming years

Revised estimates for spending in the past years

Audited figures for actual expenditure of two year ago

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WEBLIOGRAPHY

http://www.ibef.org/artdisplay.aspx?art_id=18696&cat_id=708

http://www.publications.parliament.uk/pa/cm201011/cmselect/cmpolcon/writev/842/m2.htm

http://wcd.nic.in/gbhb/Link%20hand%20pdf/Hand%20Book%20Chap%204.pdf

http://isearch.avg.com/search?q=finance+minister&sap=nt&lang=en&mid=59ec39f766bf47d1aeea1d1be9836fb2-

43cebf6d01a54b9684bf64239e73e0160ea6f50d&cid={0f6e474a-54ba-406f-8a42-a47a6e924b60}&v=10.2.0.3&ds=AVG&d=1%2F27%2F2012+2%3A38%3A57+PM&pr=fr&snd=hdr

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