desk
Share
The Central Government has appointed senior bureaucrat Ajay Seth as the new Finance Secretary of India. The Appointments Committee of the Cabinet headed by the Prime Minister has approved this proposal. Ajay Seth, a 1987 batch Karnataka cadre IAS officer, is currently working as the Secretary of the Department of Economic Affairs (DEA) under the Ministry of Finance. Now he has also been given the additional responsibility of Finance Secretary in the same ministry.
Who is the Finance Secretary? There are five different departments under the Finance Ministry:- Department of Economic Affairs (DEA), Department of Expenditure (DoE), Department of Revenue (DoR), Department of Investment and Public Asset Management (DIPAM), Department of Financial Services (DFS).
The Secretary of any one of these departments is assigned the post of Finance Secretary on the basis of seniority, who coordinates the entire ministry. Profile of Ajay Seth- Ajay Seth is considered an experienced and accomplished officer. He has a deep understanding of public finance, infrastructure financing, and policy making. In recent years, he has led India in:- Digital Economy, Infrastructure Boost, and Global Economic Dialogues. His appointment has come at a time when India is giving priority to financial stability, private investment and economic growth. Ajay Seth as Finance Secretary:- Will guide the upcoming 2025-26 budget action plan. Will provide policy support to control inflation and maintain growth rate. Will strengthen India's stand on global forums like G20, IMF. Overall- Ajay Seth's appointment will benefit the government with experience and strategic thinking. At a time when both global and domestic economic challenges exist, his leadership can prove to be important. Stay connected to CNBC Awaaz for every update related to the Finance Ministry, Budget and Economic Policies!
--Advertisement--
