Department of Economic Affairs of the Ministry of Finance (India)

The Department of Economic Affairs is the Union Government's body that is responsible for developing and monitoring the state's economic policies and programs that affect both domestic and international elements of economic management.

The Department's primary function is to prepare and deliver the Union Budget to Parliament and the budgets for state governments under the President's rule as well as union territory administrations.

Other important functions include macroeconomic policy planning and monitoring including fiscal policy and public finance concerns, inflation, public debt management and the operation of capital markets, especially stock exchanges.

It considers ways and means to generate internal resources via taxation, market borrowing and the use of small savings.

It also manages and increases external resources via multilateral and bilateral ODA, sovereign borrowings abroad, international investment and the monitoring of foreign exchange resources, particularly the balance of payments.

The Department is also responsible for manufacturing various denominations of banknotes and coins, postal stationery and postal stamps as well as Cadre administration, career planning and the training of the Indian Economic Service.