Who is appointed as the new finance secretary?

Asked 30-Aug-2019
Updated 05-Oct-2023
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As per the information available on the government website and news sources, T.V. Somanathan is currently serving as the Finance Secretary of India. He took over the position on 29th April 2021, succeeding Ajay Bhushan Pandey, who retired from service on the same day.

Who is appointed as the new finance secretary

T.V. Somanathan is an Indian Administrative Service (IAS) officer of the Tamil Nadu cadre, from the 1987 batch. Prior to his appointment as Finance Secretary, he was serving as the Expenditure Secretary in the Ministry of Finance. He has held various other key positions in the government, including Joint Secretary in the Ministry of Finance and Principal Secretary in the Health and Family Welfare Department of Tamil Nadu.

As the Finance Secretary of India, Somanathan is responsible for managing the financial affairs of the country and formulating policies related to taxation, budgeting, and other financial matters. He works closely with the Finance Minister and other senior officials in the Ministry of Finance to achieve the government's financial goals and objectives.

The Finance Secretary is a crucial position in the government, and requires extensive knowledge and experience in finance, economics, and related fields. The person appointed to this position must have the ability to work effectively with other senior officials and government departments to achieve the country's financial goals.

The appointment of the Finance Secretary is done by the Appointments Committee of the Cabinet, which is headed by the Prime Minister of India. The selection process involves several steps, including the review of eligible candidates based on their seniority and performance in their previous positions, and interviews to assess their suitability for the position.

In conclusion, T.V. Somanathan is the current Finance Secretary of India, and is responsible for managing the financial affairs of the country. His appointment was done through a rigorous selection process, based on his qualifications, experience, and performance in the selection process. The Finance Secretary plays a critical role in formulating the country's economic policies and managing its finances, and is a key member of the government's economic team.