What is the difference between finance minister and Commerce minister?

Commercial dealings consist of import, export, defining trade policies etc. Whereas Ministry of Finance concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.

What is the difference between Commerce and finance?

Finance refers to anything that deals with management of money whereas Commerce deals with buying and selling, or in simple words commerce is business of trading in general. Finance is a part of commerce as it is referred as the lifeblood of business.

What is the function of the Ministry of Commerce?

Establish and regulate commodity and trade standards. Collect, evaluate, and publish data pertaining to Commerce and Industry. Establish and enforce standards for business practices.

What are the functions of Ministry of Finance?

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.

What is difference between Finance Minister and finance secretary?

Finance Secretary is the administrative head of the Ministry of Finance, and is the principal adviser to the Finance Minister on all matters of policy and administration within the Finance Ministry. To act as the chief adviser to the Finance Minister on all aspects of policy and administrative affairs.

What is the difference between revenue and finance?

Finance: accounting and reporting of income, costs, payroll, taxes, etc. Revenue: sales strategy, inventory management, daily analysis, long term planning and forecasting demand and revenue.

Does finance come in commerce?

Among the Commerce courses, students can consider choosing specialisations such as Accounting and Finance, Banking and Finance, Accounting and Taxation, Actuarial Science, Business Administration, Applied Economics, E-Commerce, Financial Accounting, Banking and Insurance, Human Resources, Entrepreneurship, Accounting …

What is difference between finance and accounting?

Finance: The Basics. The difference between finance and accounting is that accounting focuses on the day-to-day flow of money in and out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth.

What is the function of Ministry of Commerce and Industry in Liberia?

The Ministry of Commerce & Industry is responsible for the growth and development of Liberia’s economy and international trade. The site provides information regarding the ministry’s current projects, industry, commerce, intellectual property, and the country’s Bureau of Small Business Administration.

What are the functions of Ministry of Education?

Responsibilities:Lagos State Ministry of Education

• Policy and Control of Pre-Primary Education in Lagos State.
• Policy and Control of Primary Education in Lagos State except Staff Matters.
• Policy, Control and Management of Secondary Schools in Lagos State except Staff Matters.

What is the function of the Ministry of Finance and Development Planning?

(a) The Ministry shall formulate, institutionalize and administer economic, development, fiscal and tax policies for the promotion of sound and efficient management of the financial resources of the government.

What is the function of Ministry of Finance in Liberia?

As custodian of the country’s economy, the MFDP combines public finance, development planning and economic management expertise and experience to effectively manage the economy.