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

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..