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Gaps in Budget Team Has Experts Worried

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Gaps in Budget Team Has Experts Worried 16 ECONOMY & PUBLIC AFFAIRS MUMBAI | 2 NOVEMBER 2019 1 > IN BRIEF Sanjeev Nandan Sahai takes Gaps in Budget team has experts worried charge as power secretary Budget will be presented in Parliament in early 2020; people joining now will find it difficult to pick up Sanjeev Nandan Sahai assumed charge as Secretary of the Power SUBHOMOY BHATTACHARJEE minority affairs as secretary. delay will make it an impossible While there have been episodes Ministry on Friday. "Prior to this, he New Delhi, 1 November In less than 20 days, the winter task," said a former secretary from earlier where one secretary in the was serving as the Special Secretary in session of Parliament will begin the ministry. finance ministry has held addition- the Ministry of Power," the ministry inance Minister Nirmala where the finance ministry will pres- It is going to be even more diffi- al charge, old hands could not recall said in a statement. Sahai is a UT Sitharaman’s key Budget ent its second supplementary cult this year as the next person to instances where it has happened so cadre IAS officer of 1986 batch. He has F team for 2020 has gaps in key demand for grants, a top up of the stand in the for the expenditure sec- close to the presentation of the also served as Additional Secretary in positions. As the Budget season of annual Budget allocation made in retary, joint secretary (budget), too, is annual Budget. Because of the the Ministry of Power from May,2018 the government begins in earnest, July. The expenditure secretary is vacant, since Arvind Srivastava uneven terms in which officers retire to July, 2019, according to the statement. Along with these, the posts of joint secretary (Budget) the points man for the finance min- moved across the road to the Prime changes at secretary levels have hap- Sahai has held several other important positions in the Union as and of expenditure secretary are ister in this exercise, which will be Minister’s Office in August. While pened close to Budget. But the well as state governments. These include DG(Additional being handled as additional charges Chakraborty unless a replacement the joint secretary (budget) is notion- switch among finance ministry offi- Secretary equivalent) and Additional Secretary in the Ministry of by other officers. On Wednesday, for him arrives by then. ally under the department of eco- cers have been made seamless in Commerce and Industry, Principal Secretary in the Home Economic Affairs Secretary Atanu In preparations for this exercise, nomic affairs, in the Budget exer- recent years since those have been Department, Chairman and MD of Delhi Transport Corporation, Chakraborty was given additional officers from respective ministries cise, the officer in this post works in announced well in time to offer the Secretary-cum-Commissioner Transport for Delhi Government, charge as expenditure secretary. have already come up to North close conjunction with the expen- new person a chance to familiarise Chairman of the Chandigarh Housing Board, Finance Secretary in What is surprising is that Block periodically with their report diture department. Often officers oneself with the department. the Government of NCT of Delhi, among others. PTI< Revenue Secretary Ajay Bhushan cards of money spent in the fiscal from this post have later gone on to For instance, current Election Pandey, despite being senior to year and have offered projections become expenditure secretaries. Commissioner Ashok Lavasa Chakraborty, was not given the addi- of what they plan to spend in the Since Chakraborty continues to retired at the end of October 2017 to Seventh PMC Bank Chidambaram fine, tional charge once Expenditure next fiscal year. These meetings be department of economic affairs be replaced by Ajay Narayan Jha. depositor dies since hospitalisation not Secretary Girish Chandra Murmu determine pretty much the expen- secretary he shall now have the But Jha’s appointment was was elevated as Lieutenant Governor diture budget of the government, advantage of both the larger expen- announced a fortnight before. Jha scam surfaced needed: AIIMS to HC of Jammu & Kashmir. Pandey is which also includes the Railway diture department and the budget served as officer on special duty till A 64-year-old depositor of The Delhi High Court was from 1984 batch of IAS while budget, merged into it since 2017. division in DEA reporting to him. Lavasa’s term got over on October Punjab & Maharashtra informed Friday that Chakraborty is from the 1985 batch. The annual Budget will be tabled There are other senior-level 31. Murmu came in as expenditure Cooperative (PMC) Bank died according to AIIMS Medical Also, just a week ago, the officer next in Parliament within three months vacancies in the North Block and secretary with a similar lag. His due to a heart attack in Board the health condition of to Murmu, special secretary Pramod at the end of January. “It seems most these, too, could affect the Budget appointment was announced in neighboring Navi Mumbai, her former finance minister P Kumar Das, who was tipped to take difficult for a new officer to pick up time table. This includes vacancy in November 2018 and he took over family said on Friday. Kuldeep Chidambaram, who is over as expenditure secretary was the details at this stage and to be in the post of joint secretary (public after Jha retired after the presenta- Kaur Vig (64) is the seventh PMC suffering from Crohn's disease instead transferred to the ministry of control of the Budget process. A finance-central I). tion of Budget in January. Bank depositor to have died and lodged in Tihar jail in the after the alleged ~4,355-crore INX Media money laundering scam at the bank came to light case, is fine and does not and the RBI imposed require hospitalisation. restrictions on withdrawal of Solicitor General Tushar Mehta Reserve Bank rejigs funds. Kaur was quite stressed read out the report of the India reiterates stand to US on after watching news about medical board, set up on the depositors' protest on TV, her court's order to examine regulatory and husband Varinder Singh Vig Chidambaram's health (74) said. PTI< condition. PTI< strategic relations with Iran supervision depts ARUP ROYCHOUDHURY were working hard to conclude a SUBRATA PANDA First index for Now, workers can New Delhi, 1 November trade deal following directions Mumbai, 1 November export preparedness generate UAN from from their leaders. India, on Friday, reiterated its A statement released after the The different departments responsible for likely in Jan 2020 EPFO portal directly stance to the United States regard- meeting between Sitharaman and supervision and regulation of banks, non- The Centre is likely to release the EPFO on Friday launched a ing the importance of a strategic Mnuchin said that a range of issues banks and co-operative banks have been first index to rank states and facility for formal sector workers relationship with Iran in the face were discussed such as the global, unified by the Reserve Bank of India (RBI) Union territories based on their to obtain universal account of denial of land access by US, and Indian economic outlooks, under the Department of Supervision and preparedness to promote number online without Pakistan to Afghanistan. This was global debt sustainability, financial Department of Regulation, with effect exports, an official said. This depending on their employers. conveyed by Finance Minister sector reforms, leveraging of capital from November 1. would help in promoting Presently,workers are required Nirmala Sitharaman to her US flows and investment, and tackling Earlier, financial sector supervision was healthy competition among to apply through employers to counterpart, Treasury Secretary money laundering and combating undertaken through three separate depart- states and UTs to work on get the universal account Steven Mnuchin. the financing of terrorism. ments — the Department of banking super- promoting exports, which is number, which enables them “From our side we explained “As India gears up for the 2022 vision, Department of non-banking super- one of the key indicators for to avoid filing PF transfer claims the Indian position, particularly Finance Minister Nirmala Sitharaman (right) and US Secretary of the Presidency of the G20, the United vision and Department of co-operative bank boosting economic growth. PTI< on changing jobs. PTI< the need to maintain land-based Treasury Steven Mnuchin during a meeting in New Delhi on Friday PHOTO: PTI States stands ready to support India supervision. Similarly, the regulatory pow- access to Afghanistan. We in hosting a successful and focused ers of the RBI over banks, NBFCs and coop- explained the need for us to have US has said it will impose sanc- the fact that India has tremendous Presidency,” the statement said. erative banks were carried out through three the Chabahar port link, and from tions on whoever deals with Iran. energy needs. We look forward to “The United States and India separate departments — the Department of No need for passport for Sikhs there the rail corridor to Sitharaman explained that working with India on liquefied recognize the importance of for- banking regulation, Department of non- Afghanistan. This is especially in India’s relation with Iran was a natural gas,” he said. eign portfolio investors for sup- banking regulation and Department of the context of Pakistan denying strategic one, especially regarding “We are working together to porting economic growth, and dis- cooperative banking regulation. to visit Kartarpur: Pakistan PM us access through land,” the Chabahar Port and the corri- promote growth and promote eco- cussed ways to build on India’s The RBI said this move will make super- Pakistan Prime Minister Imran Khan on Friday Sitharaman said.
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