Somanathan took over as the Cabinet Secretary on Friday following the superannuation of Rajiv Gauba. Mr. Somanathan, a 1987-batch Indian Administrative Service officer of Tamil Nadu cadre holds a Ph.D. in Economics from Calcutta University. He has also completed the Executive Development Program of Harvard Business School, and is a Chartered Accountant, Cost Accountant, and Company Secretary. In Tamil Nadu, …
The decision to raise the investment ceilings in small savings schemes is aimed at benefiting senior citizens and the middle class who park funds in safe government deposit schemes offering higher returns than banks, Finance Secretary TV Somanathan has said. The government every quarter reviews and fixes the interest rate for small savings schemes The Budget 2023-24 raised the maximum …
Reacting to finance secretary TV Somanathan's remark that the stock market turmoil triggered by the Adani Group rout is a storm in a tea cup, Congress general secretary Jairam Ramesh said the tea cup, in that case, belongs to PM Modi himself and is no ordinary tea cup. "A responsible senior official has dismissed the Adani affair as a storm …
