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The Indian government has announced the appointment of Tuhin Kanta Pandey as the new Finance Secretary. This appointment follows the elevation of TV Somanathan, the former Finance Secretary, to the position of Cabinet Secretary in August. Somanathan succeeded Rajiv Gauba as the country's top bureaucrat.
Pandey, a 1987-batch Indian Administrative Service (IAS) officer from the Odisha cadre, brings a wealth of experience to the role. Prior to his appointment as Finance Secretary, he served as the secretary of the Department of Investment and Public Asset Management (DIPAM) since October 2019. His responsibilities in this position included overseeing the government's strategic disinvestment program and managing its public sector assets.
The Finance Secretary plays a crucial role in India's economic policymaking and financial management. They are responsible for advising the Finance Minister on fiscal policy, managing the country's budget, and overseeing the functioning of various financial institutions. Pandey's appointment comes at a time when the Indian economy is navigating a complex global landscape, facing challenges such as rising inflation and geopolitical uncertainty. His experience and expertise are expected to be invaluable in navigating these challenges and ensuring India's continued economic growth.