12 November 2018 ~ 0 Comments

No extension for Hasmukh Adhia?

No extension for Hasmukh Adhia?
Despite earlier rumours, Finance Secretary Hasmukh Adhia, due to retire this month-end, is unlikely to get an extension. In the past governments usually, extend the tenure of secretaries in the Finance Ministry if their tenure is ending close to the presentation of the Union Budget.
In Mr Adhia’s case, sources say, the government is reportedly cool to the idea nor had Mr Adhia indicated that he wants to continue in the post, until the Budget is presented, likely on February 1. So, while it looks likely that Mr Adhia will retire, there is speculation about whether he will be given a post-retirement assignment.
All this talk is probably because Mr Adhia has drawn both admirers and detractors, within the government as well as outside. Many fault him for the botched demonetization and faulty GST implementation. Despite this, Modi has continued to repose trust in the Gujarat-cadre IAS officer.
The next bureaucrat in line to be designated the finance secretary is Expenditure Secretary Ajay Narayan Jha, a 1982 batch Manipur cadre officer. It is also likely that Girish Chandra Murmu, a 1985 batch Gujarat-cadre officer, who is currently special secretary in the revenue department, could be the next revenue secretary. So, a new core Budget team is likely on the cards to help Finance Minister Arun Jaitley present the government’s last Budget before the general elections.

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