International Trends and the Evolving Role of the Integrated Financial Adviser in Defence

Sumati Kumar

Sumati Kumar was Senior Fellow at Manohar Parikkar Institute for Defence Studies and Analyses. She is an officer of the Indian Defence Accounts Service, 1994 batch. read more

The Indian economy’s development over the past decades has given rise to complex challenges. Policy makers thus needed to make institutional changes in financial management systems. In the system of Financial Advice, the Financial Advisers are expected to provide independent financial advice to the administrative authorities in decision making for achieving organisational goals. Allocated resources are to be spent timely and prudently in the prescribed manner to achieve predefined outcomes. Integrated Financial Advice (IFA) in defence has also developed and evolved in recent years. To further refine the present system, this article looks at comparative positions in the United States and in the United Kingdom to derive their best practices. These could be customised and adapted to suit Indian requirements, so that the IFA system functions with greater efficiency and effectiveness, thereby optimising the utilisation of precious resources towards enhanced combat readiness of our forces. One weakness in our governance is

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