North Block is likely to see another internal bureaucratic reshuffle with the present revenue secretary Vineeta Rai likely to take over as the chief of the new pension regulator.
The present banking secretary, Sisodia is likely to be promoted as the new revenue secretary in the place of Vineeta Rai.
According to finance ministry sources, this reshuffle is expected in a month’s time. Sisodia, who is the at present secretary (financial sector) has banking and insurance under his charge.
If Sisodia moves in to take over as the new revenue secretary, Vinod Rai, special secretary banking would hold sole charge of the financial sector. Sources in North Block further added that this reshuffle would be an internal one and is expected in a months time.
Vineeta Rai would move on to take charge of the new pension regulator which is already in place, sources added. But sources also said that there is a possibility that in view of elections,
Vineeta Rai may hold additional charge for both positions for a while.
At present, while D C Gupta holds charge as the finance secretary, D Swarup holds charge of expenditure.