DEPARTMENT OF EXPENDITURE

dr-somanathan-as-the-next-dea-secretary-

Dr Somanathan as the next DEA Secretary?

Many senior officials in the Govt of India believe that Dr T V Somanathan’s (IAS:1987:TN) current assignment as Union Expenditure Secretary is an ad hoc arrangement which may culminate into a fresh assignment by April this year. Considered among a few bureaucrats having core competency in handling economy and finance very well.

No wonder, Somanathan is being seen as next DEA Secretary; a post which will fall vacant after the retirement of Dr Atanu Chakraborty (IAS:1985:GJ) April this year.

If some well-placed sources are to be believed during his tenure as Joint Secretary and later as Additional Secretary in PMO, Prime Minister Narendra Modi used to interact with him extensively and intensively on country’s economy. PM’s affinity for his competence was once underlined when Prime Minister did not miss to mark his presence at his daughter’s wedding in Chennai in November 2017. In his recent interview to a country’s leading business magazine, former Finance Minister P Chidambaram too underlined Somanathan’s competence in checking fiscal deficit and austerity measures.

Prior to his repatriation to cadre state of Tamil Nadu, he was shortlisted for RBI Deputy Governor post. Then it made buzz in power corridors that Somanathan disillusioned with his chance for RBI post and chose to repatriate. But all it proved to be wrong when PM himself visited Chennai to grace his daughter’s marriage. Having brought him back as Union Expenditure Secretary merely six weeks ahead of Union Budget, the NaMo administration appears to have reposed faith in his competence and important role in the Ministry of Finance.

11 Feb 2020
govt-writes-to-every-department-on-austerity-measures

Govt writes to every department on austerity measures

In its move to bring down official and some other expenses further, the government has written to every department to take austerity measures. Every department has been asked to cut down unnecessary expenses including unproductive works with great expanses and such works that could be done with much less resources.

Sources said that some of the departments have already identified such splurge of money and is planning to corrective measures without compromising the work. Though the Modi government has always been talking about cutting costs but in view of slowing economy, this is in focus now.

Sources said that there are certain departments where splurge of government resources is very common and the government has noticed those waste of money. So the government is now not only very serious but very tough on this that the government order must be complied with utmost responsibility.

 

05 Feb 2020
dr-somanathan-as-the-next-dea-secretary-

Dr Somanathan as the next DEA Secretary?

By IndianMandarins 11 Feb 2020

Many senior officials in the Govt of India believe that Dr T V Somanathan’s (IAS:1987:TN) current assignment as Union Expenditure Secretary is an ad hoc arrangement which may culminate into a fresh assignment by April this year. Considered among a few bureaucrats having core competency in handling economy and finance very well.

No wonder, Somanathan is being seen as next DEA Secretary; a post which will fall vacant after the retirement of Dr Atanu Chakraborty (IAS:1985:GJ) April this year.

If some well-placed sources are to be believed during his tenure as Joint Secretary and later as Additional Secretary in PMO, Prime Minister Narendra Modi used to interact with him extensively and intensively on country’s economy. PM’s affinity for his competence was once underlined when Prime Minister did not miss to mark his presence at his daughter’s wedding in Chennai in November 2017. In his recent interview to a country’s leading business magazine, former Finance Minister P Chidambaram too underlined Somanathan’s competence in checking fiscal deficit and austerity measures.

Prior to his repatriation to cadre state of Tamil Nadu, he was shortlisted for RBI Deputy Governor post. Then it made buzz in power corridors that Somanathan disillusioned with his chance for RBI post and chose to repatriate. But all it proved to be wrong when PM himself visited Chennai to grace his daughter’s marriage. Having brought him back as Union Expenditure Secretary merely six weeks ahead of Union Budget, the NaMo administration appears to have reposed faith in his competence and important role in the Ministry of Finance.

govt-writes-to-every-department-on-austerity-measures

Govt writes to every department on austerity measures

By IndianMandarins 05 Feb 2020

In its move to bring down official and some other expenses further, the government has written to every department to take austerity measures. Every department has been asked to cut down unnecessary expenses including unproductive works with great expanses and such works that could be done with much less resources.

Sources said that some of the departments have already identified such splurge of money and is planning to corrective measures without compromising the work. Though the Modi government has always been talking about cutting costs but in view of slowing economy, this is in focus now.

Sources said that there are certain departments where splurge of government resources is very common and the government has noticed those waste of money. So the government is now not only very serious but very tough on this that the government order must be complied with utmost responsibility.

 

ms-bharathan-appointed-as-ds,-expenditure

Ms Bharathan appointed as DS, Expenditure

By IndianMandarins 25 Jan 2020

Ms Divya Alathur Bharathan (IP&TA&FS:2008) was on Friday appointed as Deputy Secretary in the Department of Expenditure for a period of four years.

expenditure:-dr-shivali’s-tenure-extended

Expenditure: Dr Shivali’s tenure extended

By IndianMandarins 01 Jan 2020

The NaMo administration on Wednesday extended the tenure of Dr Shivalli M Chouhan (IDAS:1997), Director in the Department of Expenditure for a period of three months beginning 04.01.2020. 

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.

department-of-expenditure:-chakraborty-given-additional-charge

Department of Expenditure: Chakraborty given additional charge

By IndianMandarins 30 Oct 2019

The NaMo administration on Wednesday assigned the additional charge of the post of Secretary, Department of Expenditure (Finance Ministry) to Atanu Chakraborty (IAS:1985:GJ) vice G C Murmu till the appointment of a regular incumbent. Presently, Chakraborty is Secretary Department of Economic Affairs. 

will-murmu-be-made-vc-after-retirement

Will Murmu be made VC after retirement?

By IndianMandarins 09 Sep 2019

It is widely believed that after his retirement in November this year, the outgoing Expenditure Secretary Girish Chandra Murmu (IAS:1985:GJ) may be considered for the coveted job of Vigilance Commissioner in CVC.

 

Sharad Kumar (Retd IPS:1979:HY) was on June 11, 2019 announced as Interim CVC after K V Chowdary completed his term. Presently, CVC and a VC posts are lying vacant as formal announcement of the appointment of CVC is awaited. But the official website of CVC suggests that two posts of VC are lying vacant at present.

expenditure-secretary-given-extension-in-service

Expenditure Secretary given extension in service

By IndianMandarins 15 Jan 2019

The NaMo administration, on Monday, gave extension in service to the outgoing Expenditure Secretary Ajay Narayan Jha (IAS:1982:MN) for a period of one month beyond retirement i.e. 31 January 2019. He will take over as Member, Fifteenth Finance Commission on 01 March 2019 vice Shaktikanta Das (IAS:1980:TN).

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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.