AT THE HELM
AT THE HELM - Tuhin Kanta Pandey - Finance Secretary
- IBJ Bureau
- Jan 06, 2025
Tuhin Kanta Pandey is the busiest secretary
in the Union government today. As the finance secretary – the office that he
assumed last September after his predecessor, T V Somanathan, became the
Cabinet Secretary – Mr Pandey certainly has innumerable responsibilities to
discharge. Being the senior-most secretary in the Union Finance Ministry,
Finance Secretary Pandey certainly has a load of tasks to attend to.
However, Mr Pandey’s busy schedule stems
from another reason apart from the top post that he holds. The 1987-batch IAS
officer of the Odisha cadre occupies two more vital positions in the Union
government. He was already secretary of the Department of Investment and Public
Asset Management (DIPAM) since October 2019 – and he continues to hold that
post – when he took charge as finance secretary. Besides, Mr Pandey has one
more additional charge – the secretary of the Department of Public Enterprises
(DPEs) since August 2024 and the secretary of the Department of Personnel and Training
(DoPT) since November 2024.
Mr Pandey’s multiple responsibilities are a
rarity in the Indian civil service. But beyond that, the four vital posts that
he has been juggling with clearly shows the 59-year-old senior bureaucrat’s
high level of efficiency. His rich experience of over three-and-a-half decades
in public administration is definitely helping Mr Pandey to handle these many
roles quite effortlessly.
After completing a master’s degree in economics
from Panjab University, Chandigarh, young Tuhin entered the bureaucracy as
district collector and district magistrate of Sambalpur in Odisha. He went on
to take up diverse responsibilities in his long career as deputy secretary in
the Ministry of Commerce and Industry, special secretary in the General
Administration Department, transport commissioner, health secretary and
commissioner of Commercial Taxes, among others.
In between, Mr Pandey was transferred to
the regional office of the United Nations Industrial Development Organization
(UNIDO) in New Delhi. After the UNIDO stint, Mr Pandey, who also has an MBA
degree from the United Kingdom, served across various crucial departments of
the Odisha government, such as the managing director of Odisha State Financial
Corporation and Odisha Small Industries Corporation and the like.
In 2009, Mr Pandey returned to New Delhi as
joint secretary in the Planning Commission, which he served for five years. It
was after this posting that the top bureaucrat joined the Union Finance
Ministry, which he currently heads. During his tenure as DIPAM secretary, he
oversaw key disinvestment programmes aimed at maximising the value of Central
government companies. The historic sale of Air India was one of the
high-profile disinvestment programmes under his leadership. He also helmed the listing
of Life Insurance Corporation of India. As the longest-serving DIPAM secretary,
he has been in charge of divestment of many other high-profile Central public
sector undertakings.
As the finance secretary, Mr Pandey is the
principal adviser to the finance minister on all matters of policy and
administration within the ministry. His incisive inputs will be going a long
way lifting the economy, which in the past few quarters has been slowing down.
For now though, Mr Pandey is doubly busy in coordinating with other Central
ministries in formulating the Union Budget, which should boost the prospects of
the flailing economy.
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