Finance and Accounts

The IFD of the Department of Fertilizers (DOF) is headed by Additional Secretary & Financial Adviser who is assisted by a director (Finance), Deputy Secretary (Budget), Asstt. Financial Adviser (Under Secretary), two Section Officers and a small complement of staff in Finance-I and Finance-II unit.

Broadly, the work being handled in IFD includes the following :-

  • Examination and finalization of Annual Budget.
  • Preparation of various financial statements to be furnished along with Final Statements of Budget Estimates.
  • Consolidation and printing to Demands for Grants.
  • Proposals relating to re-appropriation of funds.
  • Proposals relating to Supplementary Demands for Grants.
  • Vote on Account.
  • Quarterly Projections/waiver of quarterly ceilings.
  • All proposals of Administrative Divisions for financial advice including policy proposals.
  • Preparation of outcome budget.
  • Financial concurrence on claims relating to subsidy payments for imported urea/indigenous and imported P&K Phosphatic fertilizers such as DAP, SSP, Complex fertilizers etc.
  • Coordination work relating to meeting of the Standing Parliamentary Committee for Department of Fertilizers for discussion on Demands for Grants.
  • Proposals for Standing Finance Committee (SFC) and Expenditure finance committee (EFC).
  • Vetting of Audit parasites.