Union Budget 2025: Major Reshuffle in Ministry of Finance Ahead of Union Budget 2025
The Appointments Committee of the Cabinet (ACC) has approved changes to top positions within the Ministry of Finance as the government gears up for the budget presentation on February 1. The budget will be presented by Finance Minister Nirmala Sitharaman.
Tuhin Kanta Pandey, an IAS officer of the 1987 Odisha cadre, has been appointed Secretary of the Department of Revenue. He will also continue as Finance Secretary, underscoring his critical role in shaping the ministry’s financial agenda.
Arunish Chawla, an IAS officer of the 1992 Bihar cadre, has been appointed Secretary of the Department of Investment and Public Asset Management (DIPAM). Chawla will also hold additional charges as Secretary of the Department of Public Enterprises (DPE) and the Ministry of Culture until further notice.
The Context: Importance of the Reshuffle
The two officers have a proven record in handling significant financial matters and the reshuffle - with only a few weeks to go for the Budget presentation - highlights the need felt by the government for experienced leadership to address pressing economic challenges and execute reforms.
Broader Implications for the Ministry of Finance
The last-minute reshuffle ahead of the Budget 2025 signals a strategic alignment within the Ministry of Finance to address the implementation of critical reforms and the management of public assets and investments.
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