Department of Finance (Tamil Nadu)

Last updated

Department of Finance (Tamil Nadu)
TamilNadu Logo.svg
Agency overview
Jurisdiction Tamil Nadu
Headquarters Chennai
Minister responsible
Agency executive
  • T. Udhayachandran, IAS, Principal Secretary, Finance
Parent agency Government of Tamil Nadu
Website Finance Department

The Department of Finance is one of the departments of Government of Tamil Nadu. It is responsible for managing the public finances and presenting the budget of the state government.

Contents

Objective

The department is responsible for managing the public finances of the state government. [1] It is responsible for the preparation of the state budget and presenting it to the Tamil Nadu Legislative Assembly every year. [2]

Sub-divisions

The following sub-departments are under the administrative control of the finance department. [2]

Finances

As of 2022, Tamil Nadu's GSDP was 23.65 lakh crore (US$300 billion), second highest amongst Indian states. [3] For the financial year 2023–24, the projected expenditure is 3.65 lakh crore (US$46 billion) against a projected revenue of 2.73 lakh crore (US$34 billion) with the fiscal deficit at 0.92 lakh crore (US$12 billion). [4]

See also

Related Research Articles

<span class="mw-page-title-main">Tamil Nadu</span> State in southern India

Tamil Nadu is the southernmost state of India. The tenth largest Indian state by area and the sixth largest by population, Tamil Nadu is the home of the Tamil people, who speak the Tamil language, one of the longest surviving classical languages and serves as its official language. The capital and largest city is Chennai.

<span class="mw-page-title-main">M. K. Stalin</span> 12th and current Chief Minister of Tamil Nadu

Muthuvel Karunanidhi Stalin is an Indian politician serving as the 8th and current Chief Minister of Tamil Nadu since 2021. The son of the former Chief Minister M. Karunanidhi, Stalin has been the president of the Dravida Munnetra Kazhagam (DMK) party since 28 August 2018. He served as the 45th Mayor of Chennai from 1996 to 2002 and 1st Deputy Chief Minister of Tamil Nadu from 2009 to 2011. Stalin was placed 24th on the list of India's Most Powerful Personalities in 2022 by The Indian Express.

<span class="mw-page-title-main">Minnesota State Auditor</span> Constitutional officer of Minnesota, United States

The state auditor of Minnesota is a constitutional officer in the executive branch of the U.S. state of Minnesota. Nineteen individuals have held the office of state auditor since statehood. The incumbent is Julie Blaha, a DFLer.

Social security in India includes a variety of statutory insurances and social grant schemes bundled into a formerly complex and fragmented system run by the Indian government at the federal and the state level. The Directive Principles of State Policy, enshrined in Part IV of the Indian Constitution reflects that India is a welfare state. Food security to all Indians are guaranteed under the National Food Security Act, 2013 where the government provides highly subsidised food grains or a food security allowance to economically vulnerable people. The system has since been universalised with the passing of The Code on Social Security, 2020. These cover most of the Indian population with social protection in various situations in their lives.

<span class="mw-page-title-main">State highways in India</span> Type of road in India, maintained by a state government

In India, this is the network of roads maintained by the state governments. These roads are constructed and managed by the states' Public Works Department. The state highways are usually roads that link important cities, towns and district headquarters within the state and connect them with National Highways or state highways of neighbouring states.

The 2010 Union budget of India was presented by Finance minister Pranab Mukherjee in the Lok Sabha on Friday, February 26, 2010.

<span class="mw-page-title-main">Road network in Tamil Nadu</span>

In Tamil Nadu, the Highways & Minor Ports Department (HMPD) is primarily responsible for construction and maintenance of roads including national highways, state highways and major district roads. HMPD was established as Highways Department (HD) in April 1946 and subsequently renamed on 30 October 2008. It operates through seven wings namely National Highways Wing, Construction & Maintenance Wing, NABARD and Rural Roads Wing, Projects Wing, Metro Wing, Tamil Nadu Road Sector Project Wing, Investigation and Designs Wing geographically spread across the state in 38 districts with about 120 divisions and 450 subdivisions.

<span class="mw-page-title-main">Prime Minister's Office (India)</span> Office of the Prime minister of India

The Prime Minister's Office (PMO) consists of the immediate staff of the Prime Minister of India, as well as multiple levels of support staff reporting to the Prime Minister. The PMO is headed by the Principal Secretary, currently Pramod Kumar Mishra. The PMO was originally called the Prime Minister's Secretariat until 1977, when it was renamed during the Morarji Desai ministry.

<span class="mw-page-title-main">Department of Animal Husbandry, Dairying and Fisheries (Tamil Nadu)</span>

The Department of Animal Husbandry, Dairying and Fisheries is one of the departments of Government of Tamil Nadu. The departments encompasses the departments of animal husbandry, fisheries, milk production and dairying.

<span class="mw-page-title-main">Environment and Forests Department (Tamil Nadu)</span>

The Department of Environment and Forests is one of the departments of Government of Tamil Nadu. The department was created in 1995 and is responsible for environmental management and forests in the state.

<span class="mw-page-title-main">Department of Transport (Tamil Nadu)</span>

The Department of Transport of state of Tamil Nadu is one of the departments of Government of Tamil Nadu.

<span class="mw-page-title-main">Military budget of India</span>

The military budget or defence budget of India is the portion of the overall budget of Union budget of India that is allocated for the funding of the Indian Armed Forces. The military budget finances employee salaries and training costs, maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new technologies, weapons, equipment, and vehicles.

<span class="mw-page-title-main">2015 South India floods</span> 2015 Disastrous Floods

The 2015 South India floods resulted from heavy rainfall generated by the annual northeast monsoon in November–December 2015. They affected the Coromandel Coast region of the South Indian states of Tamil Nadu and Andhra Pradesh. More than 500 people were killed and over 1.8 million people were displaced. With estimates of damages and losses ranging from nearly 200 billion (US$3 billion) to over 1 trillion (US$13 billion), the floods were the costliest to have occurred in 2015, and were among the costliest natural disasters of the year.

Coimbatore Metro, also known as Kovai Metro, is a proposed rapid transit system for Coimbatore, Tamil Nadu.

<span class="mw-page-title-main">Tamil Nadu Global Investors Meet</span> Business summit

Tamil Nadu Global Investors Meet (TNGIM) is a business summit organized by Government of Tamil Nadu to facilitate domestic and foreign investments in the state. The first of these summits took place in 2015 and later in 2019. The next meet is scheduled to take place in January 2024.

Tamil Nadu Grama Bank (TNGB) is a regional rural bank headquartered at Salem in Tamil Nadu, India. The bank is jointly owned by the central and state governments and sponsored by the Indian Bank. It is under the ownership of the Ministry of Finance, Government of India.

Old Pension Scheme (OPS) in India was abolished as a part of pension reforms by Union Government. Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness Allowances (DA) etc. OPS was a unfunded pension scheme financed on a pay-as-you-go (PAYG) basis in which current revenues of the government funded the pension benefit for its retired employees. Old Pension Scheme was replaced by a restructured defined-contribution (DC) pension scheme called the National Pension System.

<span class="mw-page-title-main">Department of School Education (Tamil Nadu)</span> Government department of Tamil Nadu state, India

The Department of School Education is one of the departments of Government of Tamil Nadu.

<span class="mw-page-title-main">Department of Handlooms, Handicrafts, Textiles and Khadi (Tamil Nadu)</span> Government department of Tamil Nadu state, India

The Department of Handlooms, Handicrafts, Textiles and Khadi is one of the departments of Government of Tamil Nadu.

References

  1. Finance department, policy note 2023-24 (PDF) (Report). Government of Tamil Nadu . Retrieved 1 December 2023.
  2. 1 2 "Finance department". Government of Tamil Nadu . Retrieved 1 December 2023.
  3. Budget 2023-24 (PDF) (Report). Government of Tamil Nadu . Retrieved 1 December 2023.
  4. Tamil Nadu Budget analysis (Report). Government of Tamil Nadu . Retrieved 1 December 2023.