DEPARTMENT OF ECONOMIC AFFAIRS

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FinMin: A complete overhaul in next 5 months?

If some top sources are to believed all four departments under Union Ministry of Finance are set to get a fresh set of departmental heads in the next five months. The Department of Expenditure, presently under ad-hoc arrangement, became headless after G C Murmu (IAS:1985:GJ) was picked up as J&K Lieutenant Governor. Union Finance Secretary Rajiv Kumar (IAS:1984:JH), Secretary, DFS, is retiring in February next year followed by Economic Affairs Secretary Atanu Chakraborty (IAS:1985:GJ) scheduled to retire April next year. Though Revenue Secretary A B P Pandey (IAS:1985:MH) may remain on turf till February 2021 but with vital figures dipping steadily the power corridors are abuzz that Pandey may be shifted to some other key departments. If that be the case the Finance Ministry may see a fresh set of faces to steer the economy which would be key to take NaMo 2.0 to its 3.0 version.

25 Nov 2019
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Two officers re-designated as Director

Vivek Kumar (IDES:2005) and Pawan Kumar (IRS C&CE:2005), both working at Deputy Secretary level, were on Wednesday re-designated as Director in the Ministry of Corporate Affairs and Department of Economic Affairs respectively. 

20 Nov 2019
finmin:-a-complete-overhaul-in-next-5-months-

FinMin: A complete overhaul in next 5 months?

By IndianMandarins 25 Nov 2019

If some top sources are to believed all four departments under Union Ministry of Finance are set to get a fresh set of departmental heads in the next five months. The Department of Expenditure, presently under ad-hoc arrangement, became headless after G C Murmu (IAS:1985:GJ) was picked up as J&K Lieutenant Governor. Union Finance Secretary Rajiv Kumar (IAS:1984:JH), Secretary, DFS, is retiring in February next year followed by Economic Affairs Secretary Atanu Chakraborty (IAS:1985:GJ) scheduled to retire April next year. Though Revenue Secretary A B P Pandey (IAS:1985:MH) may remain on turf till February 2021 but with vital figures dipping steadily the power corridors are abuzz that Pandey may be shifted to some other key departments. If that be the case the Finance Ministry may see a fresh set of faces to steer the economy which would be key to take NaMo 2.0 to its 3.0 version.

two-officers-re-designated-as-director

Two officers re-designated as Director

By IndianMandarins 20 Nov 2019

Vivek Kumar (IDES:2005) and Pawan Kumar (IRS C&CE:2005), both working at Deputy Secretary level, were on Wednesday re-designated as Director in the Ministry of Corporate Affairs and Department of Economic Affairs respectively. 

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DEA: H Korukonda appointed as Deputy Secretary

By IndianMandarins 11 Nov 2019

The NaMo administration on Monday appointed Hanumaiah Korukonda (ICAS:2008) to the post of Deputy Secretary in the Department of Economic Affairs for a period of Four years.

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Moody’s prediction on growth rate of India’s economy

By IndianMandarins 11 Oct 2019

Though the government is continuously grappling with the pressure of taking measure to accelerate the growth rate of the country as leading rating agency Moody’s has also predicted the growth rate of the country for 2019-20 financial year below 6 per cent that is 5.8 per cent.

Moody’s is of the view that due to some factors impacting for long term the slowdown in Indian economy is likely to be dragged for a slightly longer time. Even Reserve Bank of India in its appraisal meeting for monetary policy in the current fiscal reduced 6.1 per cent.

Moody’s in its report says that the main reason behind slow down is slump in investment which has brought down the number of employment. This has also impacted consumption in the rural area. There are several reasons for slowdown some are domestic but some of them are going to have long-term impact.  

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DEA: Preyashi’s tenure extended

By IndianMandarins 17 Sep 2019

The central deputation tenure of Ms Bandana Preyashi (IAS:2003:BH) was on Tuesday extended for a period of three months beginning 06.10.2019; 05 years 03 months tenure outside cadre. She is working as Director in the Department of Economic Affairs.

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Secretary level reshuffle effected; Ajay Bhalla will be next Home Secretary

By IndianMandarins 24 Jul 2019

The NaMo administration on Wednesday effected a major bureaucratic reshuffle. Altogether 11 officers appointed as Secretary in various ministries and department.

  • Ajay Kumar Bhalla (IAS:1984:AM)  appointed as OSD in the Ministry of Home Affairs with immediate effect. Presently he is Secretary, Ministry of Power.  He will replace Rajiv Gauba (IAS:1982:JH), the outgoing Union Home Secretary completing his tenure on July 31, 2019.
  • Mrs Anuradha Mitra (IP&TA&FS:1982) appointed as Secretary, Department of Official Language, Ministry of Home Affairs. Presently she is  Member (Finance), Digital Communications Commission, Department of Telecommunications.
  • Atanu Chakraborty (IAS:1985:GJ) appointed as Secretary, Department of Economic Affairs. He replaces Subhash Chandra Garg on his appointment as Secretary, Ministry of Power. Presently he is  Secretary, Department of Investment and Public Asset Management (DIPAM) under Ministry of Finance.
  • Subhash Chandra Garg (IAS:1983:RJ) appointed as Secretary, Ministry of Power. Presently he is Secretary, Department of Economic Affairs, Ministry of Finance. He replaces Ajay Bhalla on his appointment as OSD in MHA.
  • Anshu Prakash (IAS:1986:UT) appointed as Secretary, Department of Telecommunications. Presently, he is Additional Secretary, Department of Telecommunications. He replaces  Ms Aruna Sundararajan (IAS:1982:KL) retiring this month end.
  • Anil Kumar Khachi (IAS:1986:HP), presently in cadre state of Himachal Pradesh, appointed as Secretary, Department of Investment and Public Asset Management, Ministry of Finance vice Atanu Chakraborty.
  • R S Shukla (IAS:1986:WB), presently in the cadre, appointed as Secretary, Ministry of Parliamentary Affairs against existing vacancy.
  • G V Venugopala Sarma (IAS:1986:OR), presently in the cadre, appointed as Member Secretary, National Disaster Management Authority (NDMA) in the rank and pay of Secretary by temporarily upgrading the post.
  • Guruprasad Mohapatra (IAS:1986:GJ), presently Chairman, AAI, appointed as Secretary, Department for Promotion of Industry and Internal Trade Ministry of Commerce & Industry. He replaces Ramesh Abhishek (IAS:1982:BH) retiring this month end.
  • Ravi Capoor (IAS:1986:AM), presently in the cadre, appointed as Secretary, Ministry of Textiles against existing vacancy.
  • Atul Chaturvedi (IAS:1986:AM), presently Additional Secretary, Department for Promotion of Industry and Internal Trade, appointed as Secretary, Department of Animal Husbandry & Dairying, Ministry of Fisheries, Animal Husbandry & Dairying. He replaces  Tarun Shridhar (IAS:1984:HP) retiring this month end.
  • P D Vaghela (IAS:1986:GJ), presently in the cadre, appointed as Secretary, Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers.

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Will DEA Secretary be shifted to another Ministry?

By IndianMandarins 14 Jun 2019

Speculations have set Capital’s power corridors abuzz regarding the possible shifting Department of Economic Affairs, Secretary Subhash Chandra Garg (IAS:1983:RJ). The move may end up in what is called as his likely ‘lateral’ posting soon to other equally important Ministry after full-year Budget for financial year 2019-20 next month.

 

What is giving credence to the buzz is the fact that during his tenure several Joint Secretary rank officers opted to move out of the DEA. This is reported to have affected continuity and consistency in the functioning of the department.

 

In addition, a few more secretaries may be reshuffled in the next round of revamp, or recast, that higher bureaucracy is said to be in for as the NaMo administration enters the third week of its second term in office.

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Tenure of OSD & PS to Union Ministers curtailed

By IndianMandarins 08 May 2019

Ahead of the completion of its own tenure the NaMo administration has started winding up its first term which reflects other ways as well. PS and OSDs to Union Ministers were on Tuesday appointed to the post of Under Secretary, Deputy Secretary and Director in various ministries following the curtailment of their tenures with respective ministers.

  • The tenure of N Ashok Kumar (IAS:2004:MT) as OSD Dr Satya Pal Singh, Union MoS for Human Resource Development, was curtailed. Further, he was appointed to the post of Director, Department of Commerce for a period ending May 2023.
  • The tenure of Dr Ashima Jain (IAS:2008:BH) as Private Secretary to Sadhwi Niranjan Jyoti (Union MoS for Food Processing Industry) was curtailed. Further, she was appointed Deputy Secretary, Department of Economic Affairs for a period ending February 2022.
  • The tenure of Ajay Yadav (IAS:2005:BH) as OSD to Union Minister for Consumer Affairs, Food & Public Distribution (Ram Vilas Paswan) was curtailed. Further, he was appointed in the Ministry of Civil Aviation as Deputy Secretary up to 30 June 2019 and further as Director up to December 2022.
  • The tenure of Durga Sakthi Nagpal (IAS:2010:UP) as OSD to Union Minister for Agriculture (Radhamohan Singh) was curtailed. Further, she was appointed Under Secretary (up to 30.06.2019) and further as Deputy Secretary (w.e.f. 01.07.2019) in the Department of Commerce for a period ending 14.01.2021.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.