New Delhi: Senior bureaucrat Arvind Shrivastava on Thursday took cost as income secretary to the central authorities, in response to an official assertion.
Shrivastava’s appointment was cleared by the Appointments Committee of the Cupboard on 18 April. A 1994-batch Indian Administrative Service (IAS) officer of the Karnataka cadre, he was beforehand serving as extra secretary within the Prime Minister’s Workplace.
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In his new function, Shrivastava shall be liable for overseeing the Centre’s income assortment targets, steering the technique for direct and oblique tax administration, and supervising numerous investigative businesses beneath the Division of Income. He may even work carefully with the Ministry of Commerce on commerce negotiations with nations together with the UK and the US.
As income secretary within the Union finance ministry, Shrivastava will play a key function in shaping proposals for GST Council conferences in coordination with state governments.
Shrivastava brings appreciable expertise to the function. He has earlier served as Joint Secretary within the PMO and labored within the Finances Division of the Division of Financial Affairs within the finance ministry. He has additionally held positions within the Asian Growth Financial institution, the Authorities of Karnataka, and as Managing Director of the City Infrastructure Growth and Finance Company in Karnataka.
Earlier than Shrivastava’s appointment, the Division of Income was overseen by Finance Secretary Ajay Seth, who additionally heads the Division of Financial Affairs.
The Income Division is central to the federal government’s useful resource mobilization efforts, significantly in supporting its bold capital expenditure programme and financial consolidation roadmap.
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Within the Union Finances for FY26, offered on 1 February, Finance minister Nirmala Sitharaman laid out a brand new debt discount goal. Underneath this five-year plan beginning FY27, the Centre goals to deliver down its debt to 50% of GDP, give or take 1%, by 31 March 2031, from a projected 57.1% in FY25, in response to funds paperwork.
