The government on Thursday named Economic Affairs Secretary Arvind Mayaram (pictured) the finance secretary. Sumit Bose had retired last month.
"The appointments panel of the Cabinet has approved (the proposal) that Mayaram may be designated as the finance secretary," an official statement said.
The finance ministry has five secretaries and the senior most is named the finance secretary. The four are Rajiv Takru, revenue; R P Watal, expenditure; Ravi Mathur, divestment; and G S Sandhu, financial services.
Mayaram is a 1978 batch Indian Administrative Service officer from the Rajasthan cadre. He has a doctorate in finance and a master’s degree in political science. He became the economic affairs secretary in August 2012 and is due to retire in October 2015.