The research paper compares the variousthoughts and models of the finance function in the IndianCentral Government with those that exist worldwide, presentsthe analytical underpinnings of why some aspects of aparticular model may be suitable to the Indian position, andprovides the Government of India with options and courses ofaction. The paper offers historical and current perspective(chapters two and three) on the development of the role ofFinancial Adviser (FA), comparative lessons from othercountries on how they have structured this position (chapterfour), suggestions on appropriate training and certificationprogrammes for financial advisers and their key supportstaff and opportunities for commensurate career developmentthat makes the FA position more attractive for Government ofIndia (GoI) officers and talented applicants (chapters fiveand six).