DEA’s Ajay Seth given additional charge as Revenue Secretary after Sanjay Malhotra’s appointment as RBI Governor
Live MintAjay Seth, secretary of the department of economic affairs, has been assigned additional charge as secretary of the department of revenue following incumbent Sanjay Malhotra’s appointment as governor of the Reserve Bank of India. Seth, a 1987-batch Indian Administrative Service officer from the Karnataka cadre with over 33 years of experience in public finance and social sector administration, has been the economic affairs secretary in the Union finance ministry since April 2021. The Department of Economic Affairs handles key functions such as formulating macroeconomic policies, managing public finances, regulating capital markets, overseeing climate change financing, coordinating external aid, releasing states’ share of central taxes, supporting the Finance Commission, and managing non-tax revenue estimates. The department of revenue, under the finance ministry, oversees India’s financial resources through tax collection and administration, investigation of economic offences and supervision of central taxes.