Sumit Bose to be the new finance secretary
New Delhi: Revenue secretary Sumit Bose, an IAS officer of 1976 batch, will be the new finance secretary.
“Sumit Bose, IAS, secretary, department of revenue, ministry of
finance, designated as finance secretary,” said an official release on
appointments cleared by the appointments committee of cabinet (ACC).
Bose, a Madhya Pradesh cadre officer, is the senior most secretary in the finance ministry.
Arvind Mayaram (economic affairs) and Ratan P. Watal (expenditure) are the other two secretaries. ACC also upgraded V.R. Sadasivam as the additional secretary (finance) in the department of atomic energy.
The post of the finance secretary fell vacant after R.S. Gujral,
who was also looking after the expenditure department, retired last
month. Watal took over as secretary in the expenditure department.
The "Finance Secretary" (FS) is a tag given to one of the five secretaries. It only denotes a first among equals. The other four secretaries do not report to the FS; their files do not flow through him.
By default, the FS tends to be the senior most of the five, where seniority is defined by the year of entry into the civil service and not age. Sometimes, none of the five is labelled FS.
Most finance secretaries have been members of the Indian Administrative Service or IAS, but some of them have been career economists. The last finance secretary of India was Mr. Arun Ramanathan, an IAS officer of the Tamil Nadu Cadre. Montek Singh Ahluwalia, Duvvuri Subba Rao, Bimal Jalan and Vijay Kelkar are some of the best known finance secretaries.
Edmund James Sinkinson BCS LLD born Kendal, UK, 16 July 1849, was Financial Secretary to the Government of India. He died at Darjeeling 1 Jan 1891 (see memorial window in Kendal Parish Church).
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