In March 2025, who was appointed as the new Finance

Solution

Ajay Seth, who previously served as the Economic Affairs Secretary, was appointed as India's new Finance Secretary in March 2025. He filled the vacancy created when Tuhin Kanta Pandey was appointed as the chairperson of the Securities and Exchange Board of India (SEBI). Seth is a 1987-batch Karnataka cadre Indian Administrative Services officer who has played a significant role in shaping India's economic policies since becoming secretary in the Department of Economic Affairs in 2021. In this capacity, he has overseen crucial initiatives related to infrastructure financing, public-private partnerships, and management of external borrowings. His prior experience in Karnataka includes serving as Managing Director of Bangalore Metro Rail Corporation Limited and holding Principal Secretary positions in Infrastructure Development and Urban Development and Planning.