Mehrishi is the senior most secretary among the four others who head Departments of Expenditure, Revenue, Financial Services and Disinvestment under the Finance Ministry. This is just a fortnight after an announcement was made transferring him to the low-profile Tourism Ministry as the Secretary. The government appointed Rajiv Mehrishi as economic affairs secretary, replacing Arvind Mayaram.
In all, 20 bureaucrats were moved. Benchmark Brent crude has fallen to almost four year low after the International Energy Agency said oil demand will expand this year at the slowest pace since With growth trending below 5 per cent for two successive years, Finance Secretary Arvind Mayaram said India would prefer the FDI route over FII inflows if overseas resources need to be generated to spur economic expansion to its potential level. Mayaram, however, did not provide specifics saying the "reform measures" will be presented by Finance Minister Arun Jaitley in the forthcoming Budget.
Retail inflation touched a three-month low of 8. He said the country has strong foodgrains reserves to tackle any shortfall in production due to erratic rains. With the rupee touching month high against the US dollar, Fin Secy Arvind Mayaram said the rupee is not volatile and would remain range bound.
On the retail inflation which shot up to 3-month high in April, Mayaram said that during the elections, the CPI generally inches up. P Chidambaram to meet Finance Ministry secretaries on MondaySources said the minister was abreast of the major happenings in the ministry although he has not been able to attend office regularly. Mayaram, a batch Rajasthan cadre IAS officer has been holding charge as the Economic Affairs Secretary since and will continue to look after the Department of Economic Affairs.
Have you read these stories? View: When quality matters more than quantity Updated: Nov 13, , Existence, however, often does not qualify as living in the reckoning of patients and their families. Seeing what the second round of ET NOW. Brand Solutions. The Narendra Modi government has transferred the top civil servant at the finance ministry, Finance Secretary Arvind Mayaram, replacing him with Rajiv Mehrishi, the chief secretary of Rajasthan, a state that has pushed dramatic free market reforms in recent months.
Rajiv Mehrishi, a top bureaucrat from Rajasthan, a state that has pushed dramatic free market reforms in recent months, replaces Mr Mayaram, who had twin roles as both finance and economic affairs secretary and was appointed by the previous Congress-led UPA government. The Budget will include many of the schemes announced by Prime Minister Narendra Modi such as smart cities and high speed trains, Finance Secretary Arvind Mayaram said on Friday.
A day ahead of the Reserve Bank of India's monetary policy announcement, Finance Secretary Arvind Mayaram suggested on Monday that the economic conditions were becoming favourable for a cut in interest rates.
Ahead of the Reserve Bank of India monetary policy review on September 30, the apex banks Governor, Raghuram Rajan, on Friday met Finance Secretary Arvind Mayaram and is believed to have discussed macroeconomic issues, according to sources. Government to Borrow Rs 2. The government will borrow Rs 2. Pradeep S Mehta — Secretary cum Treasurer, psm cuts.
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