Sumit Bose Appointed Finance Secretary

NEW DELHI Revenue secretary Sumit Bose, a 1976 batch Indian Administrative Service officer, will be the new finance secretary. Bose, a Madhya Pradesh cadre officer, is the senior-most officer in the finance ministry. Arvind Mayaram (economic affairs), Ratan P Watal (expenditure), Rajiv Takru (financial services) and Ravi Mathur (disinvestment) are the other secretary-level officers in the finance ministry. As per tradition, the senior most among all the secretaries is designated as finance secretary. Finance secretary steers the budget-making exercise. The post of the finance secretary fell vacant after RS Gujral, who was also looking after the expenditure department, retired on November 30. Watal took over as secretary in the expenditure department. 
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