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About the MOF >> Present Organisational Overview
An overview of the main functions:
Ministry
Formulate economic policies and implement them through annual budget and programmes.
Divisions:
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Administrative Division: Administer personnel and general services management including properties under the ownership of Ministry.
- Revenue Administration Division: Prepare revenue policy and guidelines and implement through various departments as per the Finance Act; and prepare monthly report on tax and non-tax revenues.
- Foreign Aid Co-ordination Division
- Budget and Programme Division
- Corporation Co-ordination Division:
Monitor and supervise state-owned enterprises and help implement privatisation policy and programme.
- Economic Affairs and Policy Analysis Division
- Personnel Administration Division
- Legal Division:
Provide legal advice to the Ministry and departments; draft laws and rules and regulations relating to financial aspects.
Financial Comptroller General Office (FCGO)government accounts.
Departments:
- Department of Customs: Collect customs revenues; control unauthorised trade; provide support to the MoF in formulating policy relating to customs duties.
- Department of Inland Revenues: Formulate and implement tax policy to generate revenues; review tax assessments; supervise tax offices; serve taxpayers and issue Permanent Account Number (PAN) to taxpayers, formulate Taxation Acts and Regulations, and monitor revenue collection.
- Department of Revenue Investigation
- Revenue Administration Training Centre
Agency/Board/Bank:
Nepal Rastra Bank : Central bank concerned with monetary policy, supervision, monitoring and regulation of banks and financial institutions, and advising the government on monetary and fiscal matters.
Securities Board: Undertake registration of securities, market intermediaries, stock exchange and Unit and Mutual Funds, regulate and monitor securities transactions
Agriculture Development Bank: Help mobilise internal resources for economic development, and provide banking and other support services to the rural poor.
Rastriya Banijya Bank: Provide banking services.
Deposit Insurance and Credit Guarantee Corporation: Undertake credit guarantee for loans provided to priority sector by commercial banks.
Stock Exchange Centre: Work as securities exchange market for the institutional development of capital market.
Citizen Investment Trust: Encourage people to save and mobilise savings for productive activities.
Employees Provident Fund:Work as an employee trust to render post-retirement benefits to its clients.
Nepal Insurance Corporation: To provide life and non-life insurance facilities.
Bima Samittee: Insurance business promotion, regulation, management, monitoring and evaluation.
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