Showing posts with label finance secretary. Show all posts
Showing posts with label finance secretary. Show all posts

Saturday, March 09, 2019

Subhash Chandra Garg designated as finance secretary; IFoS officer Preet Pal Singh prematurely repatriated to Jammu and Kashmir

Subhash Chandra Garg

Subhash Chandra Garg, 1983 batch Rajasthan cadre lAS, presently union secretary in the department of economic affairs (DEA), was on Friday appointed as union finance secretary. Finance secretary is a designation bestowed upon the senior-most secretary among secretaries of all five departments that come under the ministry of finance. Garg will continue to look after the DEA. Prior to joining as the DEA secretary, Garg was living in Washington DC, serving as…

Tuesday, December 04, 2018

Know Your Babu: Manipur cadre IAS AN Jha will be Union finance secretary for 3 months

AN Jha

THE Appointments Committee of the Cabinet (ACC) on Monday approved designating AN
Jha, 1982 batch Manipur cadre lAS and secretary in the department of expenditure, as the new finance secretary. Jha will be the finance secretary for  a little less than three months, as he will retire on January 31, 2019. Incumbent Hasmukh Adhia, a 1981 batch Gujarat cadre IAS, retired in the end of the last month. An alumnus of St. Stephens College of Delhi where he did his post-graduation in history before getting selected into IAS, Jha is the…

Tuesday, December 22, 2015

In next 13 days, Shaktikanta Das will be India’s finance secretary; Watal on leave till Jan 3

Shaktikanta Das
FROM today (December 22), department of economic affairs (DEA) secretary and 1980 batch Tamil Nadu cadre IAS Shaktikanta Das will have a new designation -- finance secretary. But his new designation will last only for 13 days, i.e. till January 3, 2016. In fact, 1978 batch Andhra Pradesh cadre IAS and expenditure secretary Ratan P Watal who is also the finance secretary by virtue of being the senior-most of all the five finance ministry secretaries, will be on…

Wednesday, December 24, 2014

Why rumours about Rajiv Mehrishi as the next cabinet secretary sound logical

A YEAR ago, 1978 batch IAS Rajiv Mehrishi moved from Delhi to Jaipur to take charge as chief secretary of Rajasthan. He was then the secretary of a low-profile union ministry, fertiliser. His batch-mate from the same cadre Arvind Mayaram was then the all-powerful finance secretary. Mehrishi’s return journey was also prompted by the fact the he found no hope of career progression in Delhi. A year later, Mehrishi is India’s finance secretary, and if sources in the corridors are to be believed he is being groomed as…

Friday, October 31, 2014

Would be finance secretary RP Watal chants Sanskrit verses to explain investments, savings

RP Watal
IT’S only a matter of time that expenditure secretary and 1978 batch IAS of Andhra Pradesh cadre RP Watal will get a new designation – finance secretary, as he is the senior most among all five finance ministry secretaries after Arvind Mayaram’s exit of North Block. As expenditure secretary, Watal does not give any television interview, but on Tuesday, his articulation and oratory skill came to the fore when he chanted a…

Tuesday, March 25, 2014

Know Your Babu: Financial services secretary Gurdial Singh Sandhu; Mayaram soon to be designated as finance secretary

RAJASTHAN cadre IAS of 1980 batch Gurdial Singh Sandhu has been appointed as new secretary in the department of financial services under the ministry of finance. In somewhat like a musical chair, Sandhu will take the place of 1979 batch Gujarat cadre IAS Rajiv Takru who is…

Tuesday, December 13, 2011

Edelweiss Financial Services appoints ex-finance secretary Sunil Mitra as independent director

Sunil Mitra, a 1975 batch West Bengal cadre IAS and former finance secretary, has been inducted as an independent director of Edelweiss Financial Services Ltd, a financial services company engaged in asset management, capital markets, credit, housing finance, insurance services etc. Mitra who had served as disinvestment secretary and revenue secretary was designated as finance secretary only for a month after 1974 batch IAS Sushama Nath, incidentally the first woman finance secretary in India, retired in May 2011.
It was widely speculated that Sumit Bose would succeed Nath as finance secretary, but the finance minister Pranab Mukherjee chose to follow the seniority criteria and designated Mitra as finance secretary for a month. It was another matter that RS Gujral, then road transport and highways secretary and batch-mate of Sumit Bose had by then joined as revenue secretary and surprised everyone to become finance secretary on the strength of his higher position in 1976 batch merit-cum-seniority list.
Mitra was additional chief secretary of the West Bengal government before he moved to New Delhi to become disinvestment secretary in July 2009. Earlier, Mitra was on a Central deputation and was director in the ministry of defence between 1989 and 1991.

Action and Appointments
a) It is proposed to fill up the post of financial adviser in North Eastern Council (NEC) secretariat at Shillong in Meghalaya. The post will be at the rank of a joint secretary. The officers empaneled at the joint secretary level are eligible to apply.
b) Ms Kavita Gupta, a 1985 batch Maharashtra cadre IAS, has been appointed as additional Director General of Foreign Trade at the joint secretary level. She will be posted in Mumbai.
c) V Venkatachalam, a 1977 batch UP cadre IAS, has been appointed as special secretary in agriculture ministry.

Wednesday, July 20, 2011

RS Gujral pipes R Gopalan, Sumit Bose; becomes new finance secretary

Gujral (R) was reportedly sidelined by CP Joshi (L)
NINETEEN days after Sunil Mitra retired as finance secretary, the North Block finally found its new man at the helms --- 1976 batch Haryana cadre IAS, RS Gujral. Till recently, he was not even in the reckoning to clinch the coveted North Block post. But with his appointment as the new finance secretary, Gujral will now be the boss of his two outstanding batch-mates, DEA secretary R Gopalan and expenditure secretary Sumit Bose, both come under finance ministry. Gujral will continue to handle the revenue department which oversees the work of CBDT and CBEC.
A Humphery fellow from US, Gujral was the Director General of Foreign Trade and had closely worked with Kamal Nath when the latter was the minister of commerce and industry during the last UPA government. When Nath became the minister for road transport and highways, he brought Gujral to his ministry. But Gujral did not get along with new road transport and highways minister CP Joshi over the ministry’s dealings with Planning Commission.
Only three weeks ago, he moved into the finance ministry as revenue secretary. But Gujral’s seniority over his batch-mates Gopalan and Bose helped him getting the finance secretary’s post. Sumit Bose still has a chance to be finance secretary three years from now, as he will retire only in March, 2014, but Gopalan will retire in April, 2012. Gujral will have a fairly long period as finance secretary as he will retire in November 2013.

MHA clarifies on 1981 batch IPS JV Ramudu
After JV Ramudu, a 1981 batch Andhra Pradesh cadre IPS, was made a member of Special Investigation Team (SIT), it was now found that Ramudu would not be a part of the panel because of a surgery that he had sometime ago. The surgery requires constant medical check-ups. The SIT was constituted by Gujarat High Court to investigate the alleged fake encounter of Ishrat Jahan and others.
Here is the clarification of the ministry of home affairs: “The medical condition of Shri J.V. Ramudu was brought to the notice of the Ministry of Home Affairs only after his name had been approved by the High Court and Home Ministry had to approach the Hon’ble High Court to nominate another officer from a fresh panel of three names, which has since been accepted by the High Court. Neither the State Government of Andhra Pradesh nor the officer himself had brought to the notice of MHA the inability of the officer to be a part of SIT, although his name had been indicated in the High Court’s order in May, 2011”.

Thursday, September 03, 2009

Japanese bureaucrats may no longer be able to practise age-old Amakudari; what’s about Indian retired babus?

WITH anti-bureaucrats party Democratic Party of Japan (DPJ) registering a landslide victory in the recent Parliamentary polls in the world’s second largest economic power, senior civil servants in Japan are now in a state of nervousness. The DPJ, which has openly declared that it would bring in more elected representatives to fill up top bureaucratic posts, may end the practice of Amakudari, meaning “descent from heaven” under which Japanese senior bureaucrats take up high-profile positions in the private and public sectors after retirement. The practice is increasingly viewed as corrupt as former officials might have given preferential treatment to their would-be employers in securing key government contracts. The practice, which in a diluted form is practised in various countries including in India, is believed to have helped bringing in government expertise to private entities. But thanks to a number of corruption scandals surfaced in Japan, Prime Minister Shinzo Abe enacted new rules to eradicate amakudari in 2007, but his reforms were termed by critics as toothless. Now DPJ is determined to end this practice. In India too, retired bureaucrats who have worked in ministries such as finance, industry, power and railways are in high demand for taking up plum private sector posts. They have to wait sometime as government regulations don’t allow any retired civil servant taking up a private job within one year of retirement. However, special permissions can be granted if it’s proved that the concerned officer has not handled any file related to his would-be employer during the last three years prior to retirement. The most high profile case of Amakudari in India is that of former finance secretary Ashok Jha who took special permission last year to join as Hyundai India president with a monthly remuneration of about Rs 15 lakh. This is over 15 times of a senior bureaucrat’s salary in India, as even after the implementation of 6th pay Commission recommendations, the cabinet secretary who is the senior-most Indian bureaucrat, receives a gross monthly salary of Rs 80,000! Related stories a) It’s not funny: Japanese bureaucrats get lessons from comedians, posted on June 8, 2009. b) Global cues for Indian Babus: Retired Korean bureaucrats clinch high paying bank jobs, posted on June 10, 2009. c) Japanese bureaucrats face highest ever bonus cuts; Indian babus are still lucky, posted on August 5, 2009. CJI’s office falls under RTI purview: Delhi HC Delhi High Court on Wednesday said that Chief Justice of India was a public authority and is thereby covered under the Right to Information Act (RTI). The Court observed that the information in possession of the CJI is within the purview of the RTI Act and all such information should be disclosed. However, it added that personal information about judges need not be disclosed.

Thursday, May 28, 2009

My Take: 30 days of writing on Indian civil servants

WHEN I began writing this blog on Indian civil servants exactly a month ago, a sense of silence prevailed in power corridors of Delhi as the political masters were fighting their electoral battles in various parts of the country. The files were moving in slower pace and babus spent more time guessing who would form the next government. In fact, I made my debut in blogging by posting a report on April 28, 2009, that DEA secretary Ashok Chawla, a 1973 batch IAS officer, was likely to be the next finance secretary of the country. When Mr Chawla was appointed as finance secretary 14 days later, one of my non-bureaucrat friends called me up to say Wah! Yes, he was excited by my postings on power corridors of Delhi, but he was not alone. In the next few days, the nation’s top babus got themselves excited over the unfolding of the Great Indian political saga. Even before the new government took charge, top bureaucrats began finalizing what should be the priority of the next government in the first 100 days of office. During the last one month, BoI (Babus of India) covered a range of topics from North Block officers’ poll prediction to railway officers’ anger towards Lalu Prasad. Yet, if you ask my favourite posting, I would say, it’s Pati, Patni and Post: Sudha Pillai Vs G K Pillai for the next cabinet secretary. Not because I got a number of emails reacting to the post, but I was happy to cover all aspects of the development including the possibility of the current incumbent K M Chandrasekhar getting a year’s extension thereby denying either of the husband and wife duo to reach the civil servant’s top slot. I must acknowledge here that a couple of very senior bureaucrats objected to the choice of the name as they feel the word babu is not an accepted term, and is mainly a creation of media. Yet, most civil servants that I know have said that the name does not matter so long as contents excite them or rather force them to open babusofindia.com in the first half hour of their working day itself. Yes, babu blogger is ready to make one simple promise. If you are a civil servant, or someone who likes to know what’s up in power corridors of India, BoI would not disappoint you. After all, the power of a simple info can sometime make your day…