Revenue secretary Hasmukh Adhia named finance secretary
Revenue secretary Hasmukh Adhia replaces Ashok Lavasa as the finance secretary who achieved superannuation last month
New Delhi: The appointments committee of the cabinet on Monday named revenue secretary Hasmukh Adhia as the new finance secretary, said an official order. By convention, the senior most secretary in the finance ministry is designated as the finance secretary.
As the functional head of the revenue department, Adhia has been overseeing rollout of the goods and services tax (GST) as well as direct tax reforms. The revenue department has been implementing a series of structural reforms in tax administration aimed at widening the tax net and integrating the cash-driven informal part of the economy into the formal one.
Prior to his appointment as the revenue secretary, Adhia served as secretary in the department of financial services in the finance ministry. The finance secretary’s post fell vacant on the superannuation of Ashok Lavasa last month.
Adhia, a 1981 batch IAS (Indian Administrative Service) officer of Gujarat cadre, is also known for helping design social security schemes such as Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana as well as the micro-financing scheme Pradhan Mantri Mudra Yojana.
There are five departments under the Finance Ministry—expenditure, economic affairs, financial services, revenue, and department of investment and public asset management (Dipam). IAS officer Rajiv Kumar of 1984 batch is the financial services secretary. Ajay Narayan Jha is expenditure secretary and Neeraj Kumar Gupta Secretary, Dipam. Both are 1982 batch IAS officers. Subhash Chandra Garg, a 1983 batch IAS officer, is economic affairs secretary.
Adhia’s appointment comes ahead of the 10 November GST Council meeting in Guwahati that is likely to see a revision in the tax rates for some common use items and easier GST returns filing norms for small and medium enterprises (SMEs), Mint reported on 1 November.
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