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In FinMin reshuffle, Mayaram tipped to be finance secretary

The post of chief economic adviser in the finance ministry will also get a new face.

New Delhi |
March 26, 2014 1:43:46 am

Come April 1, the finance ministry is set to have new set of officials at the helm with the superannuation of finance secretary Sumit Bose.

The government on Tuesday appointed Rajiv Takru, secretary department of financial services as secretary, department of revenue to replace Bose who is set to retire on March 31.

A 1979-batch IAS officer of the Gujarat cadre, Takru has been in charge of the financial services since January 2013. He will take over the new position from April 1.

This has also paved the way for Arvind Mayaram, secretary, department of economic affairs to be appointed the finance secretary. The finance secretary, who is considered the “first amongst equals”, is the senior most amongst all finance ministry secretaries. Mayaram, is a 1978-batch IAS officer of the Rajasthan cadre.

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Meanwhile, to fill in the vacancy in the wake of Takru’s transfer, the Appointments Committee of the Cabinet has appointed Gurdial Singh Sandhu, a 1980 batch IAS officer from the Rajasthan cadre as the secretary, department of financial services. At present, Sandhu is presently a principal secretary in charge of urban development and housing in the Rajasthan government.

The reshuffle would mean that the full Budget 2014-15 will be handled by a new team of officials in the finance ministry. However, sources pointed out there could be more changes after the new government is elected.

The post of chief economic adviser in the finance ministry will also get a new face. It fell vacant after Raghuram Rajan was appointed as the governor, Reserve Bank of India.

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