Senior bureaucrat Tuhin Kanta Pandey was appointed as the new finance secretary on Saturday, according to an official order from the government. Pandey, a 1987-batch Indian Administrative Service (IAS) officer from the Odisha cadre, is currently serving as the Secretary of the Department of Investment and Public Asset Management (DIPAM).
The Appointments Committee of the Cabinet (ACC) approved the designation, as confirmed by the order issued by the Ministry of Personnel, Public Grievances, and Pensions. Pandey takes over the role following the recent appointment of T V Somanathan, the previous finance secretary, to the position of Cabinet Secretary.
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The position of finance secretary is traditionally given to the senior-most secretary in the Union finance ministry, and Pandey’s appointment aligns with this convention. His experience in managing the government’s investment and asset management portfolio through DIPAM has been widely recognized, especially in overseeing disinvestment processes and managing public sector assets.
Pandey’s new role as finance secretary comes at a crucial time, with the government facing significant fiscal challenges and ongoing efforts to balance economic growth with fiscal prudence. His leadership will be pivotal in guiding the finance ministry through key policy decisions, budget planning, and financial reforms as India continues to navigate both domestic and global economic landscapes.
