Finance Secretary Hasmukh Adhia to retire at end of November, says Arun Jaitley; Ajay Bhushan Pandey to take over


Finance Secretary Hasmukh Adhia is about to retire at the tip of November after having held the put up for 3 years, Arun Jaitley has introduced in a Fb put up. Ajay Bhushan Pandey, CEO of the Distinctive Identification Authority of India (UIDAI), will take over from Adhia, CNBC-TV18 reported.

In a Facebook post titled ‘Dr Hasmukh Adhia retires’, Jaitley mentioned “he was unquestionably a extremely competent, disciplined, no-nonsense civil servant and naturally, with impeccable integrity.”
His solely diversion from his duties was his ardour for spirituality and yoga, he added. Jaitley added that the federal government wished to make use of the outgoing finance secretary’s functionality and expertise in some various capability.

File picture of Finance Secretary Hasmukh Adhia. PIB

“He (Adhia) had knowledgeable me earlier this yr that he wouldn’t work for a single day after 30 November, 2018. His time thereafter belongs to his favorite ardour and, in fact, his son,” Jaitley wrote.

Adhia, a 1981-batch Gujarat cadre officer of the Indian Administrative Companies (IAS), moved to Delhi in November 2014 as secretary within the Division of Monetary Companies after Narendra Modi turned prime minister.

Giving credit score to Adhia for implementing Items and Companies Tax (GST), Jaitley mentioned, “It was his efforts supported by his crew of officers of Centre and state governments, which made it attainable to hit the deadline of 1 July, 2017. Charge reductions and smoothening of the tough edges have been additionally achieved in a document time.”

Recalling Adhia’s tenure as income secretary, Jaitley mentioned tax base and tax realisation noticed an “exponential improve”.

“He was ably supported by the 2 boards, CBDT and CBIC. The follow-up after demonetisation in detecting the big money depositors and making them accountable was no imply problem,” the finance minister famous.

Throughout his four-year stint within the finance ministry, Adhia spearheaded the rollout of the historic GST, apart from implementing a number of legal guidelines to unearth black cash. He was additionally deeply concerned in formulation of varied social sector programmes of the Modi authorities.

“His tenure because the income secretary shall be remembered for numerous initiatives the place he supplied the bureaucratic management in shaping and implementation of the coverage. The marketing campaign in opposition to black cash each inside and outdoors the nation was the preliminary spotlight of the income division,” Jaitley mentioned.

Jaitley additionally famous that the Earnings Tax division now features on-line with no bodily interface between the assessee and the evaluation official. “I want him all the very best for his post-retirement life. Thanks, Dr Adhia,” Jaitley mentioned.

With inputs from PTI

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