Ministry of Finance

Posted On: 07 FEB 2018 8:56PM by PIB Delhi

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing of Memoranda of Understanding for Secondment Programme between the Department of Economic Affairs (Indian Economic Service Cadre) and The Treasury, Government of Australia, for a period of three months.

Under the Programme, one officer from the Australian Treasury shall be seconded to the Department of Economic Affairs, Ministry of Finance and one officer from the IES (at Deputy Secretary/Director level) to be nominated by the IES Cadre, Department of Economic Affairs, shall be seconded to the Australian Treasury, Government of Australia, for a period of three months, beginning 15.1.2018 or later. The validity of both the MoUs will terminate at the end of the three months' period of assignment and the same will not be extendable. The programme may be repeated in subsequent years with mutual consultation and after agreement on both sides.

Major Impact:

Australia is one of the important bilateral partners of India. The proposed Programme will help to deepen the understanding of current economic policy issues in both countries and also explore further opportunities for future collaboration and engagement. The Programme would also provide the seconded officers with valuable and unique development opportunities and also provide exposure on global best practices.

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AKT/VBA/SH

Secondment programme enables bilateral officer exchanges under fixed-term MoUs with non-extendable short-term assignments for mutual capacity building. Approval is granted for parallel Memoranda of Understanding establishing a Secondment Programme between the Department of Economic Affairs (IES cadre) and the Australian Treasury to exchange one officer each at Deputy Secretary/Director level for fixed-term, three-month secondments commencing on or after 15.1.2018; the MoUs terminate at the end of the assignment and are not extendable, with repetition in subsequent years possible only by mutual consultation and agreement.