Administrative Shifts in India's Financial Governance: Ajay Seth and Sanjay Malhotra
| Aspect | Details |
|---|---|
| Why in News | Administrative shifts in India's financial governance due to key appointments. |
| Key Appointments | - Sanjay Malhotra appointed as RBI Governor, effective December 11. |
| - Ajay Seth, Economic Affairs Secretary, given additional charge as Revenue Secretary. | |
| - Seth to hold dual charge until a permanent replacement is appointed. | |
| Ajay Seth's Background | - 1987-batch IAS officer, Karnataka cadre. |
| - BTech in Mechanical Engineering, University of Roorkee; MBA, Ateneo de Manila University. | |
| - Served as Economic Affairs Secretary since April 2021. | |
| - Expert in public finance, taxation, foreign investments, and public-private partnerships. | |
| - Awarded Prime Minister's Award for Excellence in Public Administration (2013). | |
| Department of Revenue | - Oversees direct and indirect taxes via CBDT and CBIC. |
| - Functions under the Union Finance Minister's supervision. | |
| Sanjay Malhotra's Background | - 1990-batch IAS officer, Rajasthan cadre. |
| - Holds a degree in computer science engineering from IIT Kanpur. | |
| - Master's in public policy from Princeton University. |