New Delhi: The appointments committee of the Cabinet on Monday cleared the name of Ratan P. Watal as the new expenditure secretary, replacing R.S. Gujral, who retires this month.

Watal, a 1978 batch Indian Administrative Service officer of the Andhra Pradesh cadre, is currently secretary in the ministry of new and renewable energy.

He has been appointed officer on special duty in the department of expenditure with immediate effect to facilitate a smooth transition.

Gujral, being the seniormost of the five secretaries in the ministry of finance, also held the position of finance secretary. Revenue secretary Sumit Bose is tipped to become the new finance secretary.

Gujral was shifted to the expenditure department from the revenue department last year after finance minister P. Chidambaram began his second stint in the finance ministry and sought to review some controversial tax proposals, including the general anti-avoidance rules and the retrospective amendment to tax laws.

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