Financial ministry carries forward the country’s finance and keeps the necessary calculations for the country’s financial transactions. There needs to follow the guidelines to make financial reports.
All income statements and balance sheets should be maintained as finance minister used to issue financial statements on a routine schedule. If the statements given to the people outside of the country then they’re called external statements.
In many areas of such an important department, where the annual budget needs to be calculated hitherto expenses get the attention.
Government of India’s head of the ministry of finance is currently the finance minister Arun Jaitley. He was accused for corruption by the opposition. However, holding one of the senior most offices in the Union Cabinet, he was seen calm as a gentleman. Arun Jaitley’s clarification was not that necessary as he was let free and was found innocent by Narendra Modi.
However, under the BJP rule since five years, Arun Jaitley has been misjudged as a failure. He was given the clearance even after many allegations by the opposition parties, where he was targeted.
Khalid M Raza
