Finance Secretary

India will evaluate the benefit of joining the OECD's global tax deal as the US deciding to withdraw from such a global pact has made it "impractical to implement", Finance Secretary Tuhin Kanta Pandey said on Tuesday. US President Donald Trump on January 20 in a Presidential memorandum had said that the "Global Tax Deal have no force or effect within the United States", thus nullifying the progress made so far by the Organisation for Economic Cooperation and Development (OECD) to bring 140 countries on the same platform to levy a minimum 15 per cent tax on profits of multinational corporates. To a question on what would be India's stand on the global tax pact, Pandey said the US exit has added a lot of uncertainty and if the United States is not joining it then such a pact doesn't work out. Pandey, in a post-Budget interaction of Assocham, said the tax deal is a multilateral approach where the US is much integrally needed. "If the US has now said that it is walking out of it, then

Amid rupee falling to a record low level of 87.29 to a dollar, Finance Secretary Tuhin Kanta Pandey on Monday said there is no concern over rupee value and the Reserve Bank of India is managing the volatility of the local currency. "There is no concern about the value of the rupee. The volatility in rupee is being managed by the RBI," Pandey told reporters. He said the Indian rupee is "free-float" and no control or fixed rate is applicable on the currency. He said the exchange rate is facing pressure amid unabated foreign fund outflows. The rupee depreciated 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday after Trump Tariffs on Canada Mexico and China triggered fears of a broad trade war. Donald Trump slapped Canada and Mexico with 25 per cent duties and China with a 10 per cent duty, The move was the first strike in what could usher a destructive global trade war, forex traders said. In 2025, the Indian rupee depreciated 1.8 per cent from the 8

India has been trying to placate the Trump administration after it accused the South Asian nation of maintaining very high tariffs that hurt prospects for American firms

A 1987-batch Indian Administrative Service (IAS) officer from the Odisha cadre, Pandey had been serving as the DIPAM secretary since October 24, 2019

Finance Secretary Tuhin Kanta Pandey on Thursday took charge as Revenue Secretary in the Ministry of Finance. The Appointments Committee of the Cabinet on Wednesday appointed Pandey, who was holding the charge of the Department of Investment and Public Asset Management (DIPAM) and Department of Public Enterprises (DPE), as the Revenue Secretary. The order also stated that Pandey will continue to be designated as the Finance Secretary. In September last year, Pandey, a 1987-batch IAS officer from Odisha cadre, was appointed the Finance Secretary. The Finance Ministry has six departments -- Revenue, Economic Affairs, Expenditure, Financial Services, DIPAM and DPE -- and the senior most bureaucrat in the ministry is designated as the Finance Secretary. Before serving as Secretary in the DIPAM, Pandey held many significant positions in the Union government and the Odisha government, in addition to serving a stint in the Regional Office of the United Nations Industrial Development ...

Senior bureaucrat Tuhin Kanta Pandey was on Saturday designated as the new finance secretary, according to an official order. Pandey, a 1987-batch Indian Administrative Service (IAS) officer of Odisha cadre, is currently the secretary of the Department of Investment and Public Asset Management (DIPAM). The Appointments Committee of the Cabinet has approved designating Pandey as the finance secretary, the order issued by the personnel ministry said. The vacancy was created following the appointment of T V Somanathan as the Cabinet secretary last month. As per the convention, the senior-most secretary in the Union finance ministry is designated as the finance secretary.

Dipam secretary Tuhin Kanta Pandey could be the next Finance Secretary

Path towards a reduction in the debt-GDP ratio will be announced later

Somanathan responded to a range of queries arising from the Budget and explained the government's thinking, on employment schemes, capital gains indexation and fiscal roadmap and many more

At 'Budget with BS: The Fine Print,' Finance Secretary TV Somanathan said companies costs for interns will be funded through their CSR budgets

At 'Budget with BS: The Fine Print,' Finance Secretary TV Somanathan said fiscal incentives are the central government's responsibility, while skilling and education primarily fall under state govt

Finance secretary discusses the Union Budget's emphasis on employment, skills, and state-level reforms

The Delhi Jal Board (DJB) received more than Rs 28,400 crore since 2015-16 but it did not use the funds as per sanction conditions, the Delhi government's principal finance secretary has told the Supreme Court which is hearing an AAP government's plea alleging non-disbursal of funds to the water utility. The senior government official also said the statutory body lacks accountability. The top court had on April 5 asked the Delhi government's Principal Secretary (Finance) to release funds to the DJB and had made the utility, responsible for supplying potable water to the national capital, a party to the plea filed by the ruling AAP dispensation. In an affidavit filed before a bench headed by Chief Justice D Y Chandrachud, Ashish Chandra Verma, the principal secretary of the finance department, extensively referred a March 15 report of the chief secretary on the subject of "serious problems" related to water supply and maintenance of sewage lines being faced by residents of Delhi to .

Interim Budget: Revenue Secretary Sanjay Malhotra said that the removal of tax old tax disputes is likely to cost the Centre around Rs 3,500 crore

Banks need to do stress testing for cyber risks

During the review meeting, it was emphasised that all measures should be taken to further improve coordination between the CBI and banks for expeditious investigation

No further ToRs to come, says Somanathan

Retail inflation remained above the upper end of RBI's 2%-6% tolerance band for a second consecutive month in August, though it eased from a 15-month high of 7.44% in July

Achrya later resigned six months ahead of his three-year tenure for 'personal reasons', said the book titled 'We Also Make Policy: An Insider's Account of How the Finance Ministry Functions'

He also outlined three channels through which the diaspora can exert influence: fund flow, trade, and knowledge transfer