Don’t miss the latest developments in business and finance.

Involve financial advisers, Delhi government tells officials

Image
IANS New Delhi
Last Updated : Sep 23 2018 | 5:10 PM IST

The Delhi government has directed all administrative Secretaries to involve Integrated Financial Advisers (IFA) in all proposals related to different departments that have economic and financial implications, official sources said on Sunday.

In an official memorandum, the Finance Department said that it had come to notice that IFAs were not being involved in key processes and activities "which have clear economic and financial dimensions and decision-making processes".

It directed the departments to take the views of the IFAs in budget formulation, expenditure management, procurement and contract, accounts and audit, grant and loans, and screening of proposals.

"The role and responsibilities of IFAs have been clearly spelt out in various communications of both Central and Delhi governments, as well as in the delegation of Financial Power Rules, 1978," the memorandum dated September 17 issued by Principal Secretary (Finance) Renu Sharma read.

"All administrative secretaries are hereby requested to involve the Integrated Financial Advisers in all proposals that have clear economic and financial implications," it added.

--IANS

nks/tsb/sed

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Sep 23 2018 | 5:04 PM IST

Next Story