DEA is the nodal agency of the Union Government to formulate and monitor country's economic policies and programmes having a bearing on domestic and international aspects of economic management. A principal responsibility of this Department is the preparation of the Union Budget annually (excluding the Railway Budget). Other main functions include:

• Formulation and monitoring of macroeconomic policies, including issues relating to fiscal policy and public finance, inflation, public debt management and the functioning of Capital Market including Stock Exchanges. In this context, it looks at ways and means to raise internal resources through taxation, market borrowings and mobilization of small savings;

• Monitoring and raising of external resources through multilateral and bilateral Official Development Assistance, sovereign borrowings abroad, foreign investments and monitoring foreign exchange resources including balance of payments;

• Production of bank notes and coins of various denominations, postal stationery, postal stamps; and Cadre management, career planning and training of the Indian Economic Service (IES).  

ORGANISATIONAL UNITS

Presently, the work of DEA is organised in the following distinct but complementary  Divisions/Units ( For Detailed information,click at button) : -

AID, ACCOUNTS & AUDIT DIVISION
       This Division is responsible for disbursement of loans and grants from multilateral/ bilateral donor agencies, debt servicing of loans to multilateral/ bilateral donors,   accounting of external assistance, export promotion audit and supply of management information to credit Divisions.

ADMINISTRATION  DIVISION
      All administrative and establishment matters, including protocol, and implementation of Official Language Policy fall within the domain of this Division.       

BILATERAL COOPERATION DIVISION
    This Division comprises of Colombo Plan, EEC Section, Japan Section and PMU Section. This Division deals with Official Development Assistance from USA and Canada and policy matters relating to exchange control in India. 

BUDGET DIVISION
       Apart   from  preparation  of   Union  Budget  and  other  allied  issues  like market borrowings,  accounting and auditing  procedures  and financial   relationship with   the State Governments. This Division also deals with mobilization of small savings through the National Savings Organisation (NSO).

CAPITAL MARKET DIVISION
       It is primarily responsible for policy issues related to development of the securities markets (i.e. share, debt and derivatives), External Commercial Borrowing and administration of Foreign Exchange Management Act (FEMA), 1999. It also looks after the administrative matters of the Specified Undertaking of Unit Trust of India (SUUTI), the Securities and Exchange Board of  India (SEBI), Securities Appellate Tribunal (SAT) and Pensions Funds Regulation and Development Authority (PFRDA).      

ECONOMIC DIVISION
         It tenders economic advice to the Government on important policy issues relating to macro management of the economy.       

FINANCE DIVISION
       This Division is responsible for tendering of financial advice on all matters involving expenditure of the Department of Economic Affairs and also for  preparation of appropriation accounts relating to the grants and appropriations controlled by DEA. The work connected with the Internal  Works Study Unit (IWSU) is also handled in this Division.

FOREIGN TRADE DIVISION
       This Division renders advice to the Ministry of Commerce, especially from  foreign exchange angle, on policies pertaining to Indian foreign trade including matters connected with WTO and various multilateral trade blocks like SAARC, SAFTA, ASEAN etc. Matters connected with CIS countries, Colombo Plan, Indian Aid, African Development Bank and Petroleum (POL) Desk are also handled in this Division.

FUND BANK DIVISION
        Matters relating to International Monetary Fund (IMF), International Bank for Reconstruction and Development (IBRD), International Development  Asso-ciation (IDA),  International Finance Corporation (IFC), Global Environment Facility (GEF)  and Multilateral Investment Guarantee Agency (MIGA) are the concern of this Division.

IES DIVISION
          All matters connected with Cadre Administration of Indian Economic Service (IES) are handled in IES division. 

INFRASTRUCTURE DIVISION
      Sectoral responsibilities of infrastructure, including Railways, Telecommunications, Roads, Ports, Shipping, Civil Aaviation, Power, Coal, Non-Conventional Energy Resources and Inland Water Transport (IWT) are handled here.