Mizoram Finance Commission

Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[5/5]Total Votes [ 1 ]  
Rate this page:
After the creation of Mizoram as a Union Territory, the North Eastern Reorganizing Act was passed in 1971 which proposed the establishment of The Mizoram Finance Commission. The Mizoram Finance Commission came into existence in 1972 and was divided into two offices; the Directorate of Accounts & Treasuries and Institutional Finance and State Lottery.

Previously The Mizoram Finance Commission resided in two different buildings, Block 'A' and Tuikual-'A'.

The Block A was home to the Budget and Economic Affairs Branch and Tuikual-'A' housed the Audit Pension Fund, Establishment, Pay Research Unit, Expenditure Control and Finance Commission Branch. It was on the 8th of September, 2008, that the two branches were shifted to the Civil Secretariat Building situated in the New Capital Complex of Khatla, while the two offices are still at Chanmari and Tuikhuahtlang.

The current Mizoram Finance Commission consists of
  • One Finance Secretary
  • One Secretary, Finance,
  • Two Additional Secretaries
  • One Joint Secretary
  • Three Deputy Secretaries
  • Six Under Secretaries
  • Six Superintendents
Apart from these the Mizoram Finance Commission also comprises seven branches, one Accounts department and one office for the Prime Minister's Flagship Program under which there is a large number of staff.

The Mizoram Finance Commission exercises the following powers with regard to the financial dealings of the state

Rules regarding the scale of payments, Security deposits; financial irregularities; State treasury relating matters and the financial implications involved in Civil Service. The departments also looks into all the matters relating to the state budget like; control of expenditure; Insurance policies; Lottery; development of Bank; Pension, Internal Audit; DCRG; GPF; Discretionary funds etc.

Functions of the Mizoram Finance Commission

  • According to the provisions made by the Government of Mizoram the Finance Department needs to carry out the following functions
  • The department needs to frame and administer in compliance with the DP&AR, the various rules and regulations relating to the payments, pensions, leaves of cadre and perks of the posts mentioned under the State [Rule 31(i)].
  • The department is required to advise the state government on the various financial transactions specially relating to any kind of loan granted by the State
  • The department is responsible for any kind of payments made to the Government officials
  • The department is responsible for properly regulating the state Provident Fund deposits
  • It is the duty of the finance department to carefully examine and take into consideration all the proposals relating to increase or decrease of tax amount.
  • It is the duty of the finance department to raise loans for the state.
It is the responsibility of the department to carefully study all the proposals made for borrowings by the State

It is the responsibility of the department to guide the other departments in terms of financial planning.

Responsibilities of various other financial branches

Economic Affairs Branch

  • Public Debt management
  • Proper cash balance management
  • Fiscal reforms management
  • Mobilizing finances
  • Curtailing government expenditure

Budget Branch

  • Declaring the names of offices involved in Budget
  • Preparing Budget estimates
  • Revising budget estimates.
  • Sanctioning supplementary demands
  • Sanctioning Advances from the state contingency fund.
  • Prepare Bills of Appropriation.
  • Organizing all state expenditure and receipts
  • Surrender of saving of various office/Departments.
  • Monitoring funds given to Ministers and Speakers.
  • Letter of Credit.
  • Overall fund transfers to other departments.
  • Audit Certificate.
  • Settlements of Accounts with the state Accounts General
  • Total control of the State Finances
  • Regulating all the expenditures of the state through the Budget
  • Allotting extra funds under the non plan
  • Revalidating the grants and funds which have not been used

Establishment Branch

  • The establishment branch is responsible for rules relating to the various state payments and allowances.
  • The establishment branch is responsible for all rules pertaining to services of the state Finance and Accounts
  • It is the duty of the establish branch to offer advice on the financial areas of the service rules
  • The Establishment branch can offer grants for festival.
  • The establishment branch is responsible for matters relating to state treasuries which does not include accounts
  • Business matters pertaining to the Directorate of Accounts and Treasuries.
  • The Establishment branch can offer re-employment on contractual basis.
  • They have to interpret FR, CSR, SR, CCS (CCA) with financial implication
  • Allocating fee, Compensatory Allowances, Special Pay and Honorarium
  • It is the duty of the establish branch to delegate training in and outside the country.
  • It is the duty of the establish branch to decide rules with regard to leave
  • It is the duty of the establish branch to grant study leave.
  • Offer assistance for child education
  • The branch has the power to decide extension of employment tenure
  • Interpretation of account statements provided by the Treasuries to the Accountant General
  • The establishment branch also forms rules relating to scholarship and Grant-in-Aids
  • The Establishment branch can offer grants for festival.
  • Revising and framing new rules is also the duty of the Establishment branch
  • It is the duty of the establish branch to monitor Pension cases of the Officers involved in the administration department of the finance commission
  • The department can create temporary posts.
  • The department has the power to convert temporary post into permanent.
  • Creating Circles and Division
  • The establishment branch is the authority for cheque drawing
  • Create advising Committee.
  • Interpretation of account statements provided by the Treasuries to the Accountant General.

Expenditure Control Branch

  • The Expenditure Control Branch has the power to sanction all expenditures with regard to the numerous Plan and Non Plan policies of the various Departments.
  • The Expenditure Control Branch exercises power with regard to all matters pertaining to State Purchase, Departmental Purchase and Advisory Board
  • Expenditure Control Branch chalks out the monthly expenditure of the various departments.
  • Matters relating to disposal of condemned vehicles.
  • Expenditure Control Branch has the power to take decisions regarding matters relating to the government enterprises.
Last Updated on 1/3/2012