Cabinet appoints TV Somanathan as Finance Secretary

29 Apr 2021 CW Team

Expenditure Secretary TV Somanathan has been appointed as the Finance Secretary of India, a Personnel Ministry order said.

The Appointments Committee of the Cabinet has approved designating Somanathan, Secretary, Department of Expenditure, Ministry of Finance as the Finance Secretary, the order said.

Somnath is a 1987-batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre. His batchmate Debasish Panda is Secretary, Department of Financial Services.

The senior-most officer among all secretaries in the Ministry of Finance is appointed as the Finance Secretary.

Tuhin Kanta Pandey and Ajay Seth are secretaries, Department of Investment and Public Asset Management (DIPAM) and Department of Economic Affairs, respectively.

Tarun Bajaj, a 1988-batch IAS officer of the Haryana cadre, is the Revenue Secretary.

Image Source

Also Read: Infra projects need a leap of faith: Somanathan

Also Read: Infra-Nirbhar webinar to discuss infrastructure funding

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..