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Department Of FinanceThe department is headquartered in the Esplanade Laurier building in downtown Ottawa at the corner of ‘Connor and Laurier. Minister Konneh has further directed the Department of Administration to repair all office areas, bathrooms, and install a functioning water system including the installation of water coolers for employees on every floor in the Ministry of Finance. Today the Minister of Finance is receiving $30,000 and $18,000 worth of gas slip and scratch cards monthly respectively.

He has instructed the Department Administration to complete that project by end of June 2012 to coincide with the new team’s 100-day action plan. Speaking about the economic situation back home, the Finance Minister Shri Jaitley emphasized that the Government of India is committed to a path of fiscal consolidation. The Finance Minister said that the current account deficit (CAD) in the country has come down substantially to around 1.3 percent of GDP in 2014-15, which was around 4.8 percent two years earlier. The Finance Minister Shri Jaitley also had meeting with Mr Ban Ki-Moon, Secretary General, United Nations in which the Finance Ministers of China and Brazil also participated.

The Union Finance Minister, Shri Arun Jaitley participated in the Plenary Session of the International Monetary and Finance Committee (IMFC) of the International Monetary Fund (IMF) in Lima, Peru yesterday. Consisting of 24 members who are Finance Ministers, Central Bank Governors or others of comparable rank, the IMFC is a key body providing strategic direction to the work and policies of the IMF.

The Finance Minister Shri Arun Jaitley, inter alia, further observed that the global economic outlook outlined by the IMF does not look particularly encouraging, which also has a bearing on India’s exports. The Finance Minister also participated in the Ministerial meeting on Climate Finance wherein he outlined the steps taken by India to deal with the problem of climate change. The Finance Minister stated that the country faces the twin challenges of fighting poverty and investing in climate change. There is need for genuinely new and additional resource flow to meet climate finance requirements.Department Of Finance

He stressed that the commitment made by the developed countries with regard to climate finance should be fulfilled. Provision of such finance by the developed countries should be new and additional without diverting the existing resource flow under ODA. This memo was dated October 30, 2006 and was addressed to Bob Hamilton who is senior assistant deputy minister of tax policy at the Finance Department.

Department Of Finance