Tuhin Kant Pandey, an Indian Administrative Service (IAS) officer of the 1987 batch, has been appointed as the new Finance Secretary of India. This prestigious role comes as a result of his extensive experience and significant contributions to the Indian administrative framework over the past 36 years. His appointment follows the recent elevation of TV Somanathan to the position of Cabinet Secretary.
A Career Marked by Excellence
Pandey, hailing from the Odisha cadre, has built an illustrious career spanning over three decades. His academic journey began with a Master’s degree in Economics from Punjab University, Chandigarh, followed by an MBA from the United Kingdom. His career commenced with roles in Odisha’s financial sector, where he served as Executive Director and Managing Director at the Odisha State Financial Corporation (OSFC) and also at the Odisha Small Industries Corporation (OSIC).
Significant Contributions to the Central Government
Pandey’s tenure with the central government has been equally impactful. He has held key positions including Deputy Secretary in the Department of Commerce and Joint Secretary in the Planning Commission from 2009 to 2014. His role extended to the Cabinet Secretariat, where he gained valuable experience in industrial development, financial management, and public finance.
Impactful Role in the Finance Ministry
Pandey joined the Ministry of Finance in 2019, where he played a crucial role as Secretary of the Department of Investment and Public Asset Management (DIPAM). Originally known as the Department of Disinvestment, DIPAM is tasked with the privatization of government-owned enterprises in accordance with government policy. Pandey’s leadership was instrumental in successfully privatizing Air India, a significant achievement that relieved the government’s financial burden. He also played a pivotal role in the largest IPO in the country, led by LIC.
Recognition and Appointment
The Appointments Committee of the Cabinet (ACC) has approved Pandey’s appointment as Finance Secretary, aligning with the tradition of promoting the most senior Secretary within the central finance ministry. His role in the Modi 2.0 government has been marked by substantial contributions, particularly in asset management and privatization efforts.
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Positive Takeaway
Tuhin Kant Pandey’s appointment as Finance Secretary is a testament to his exemplary service and expertise in public administration. His career reflects a deep understanding of financial management and a commitment to reforming and optimizing government assets, making him a fitting choice for this critical role.
