Facebook Pixel Continuity and change | Business Standard - newspaper - Read this story on Magzter.com

Try GOLD - Free

Continuity and change

Business Standard

|

April 23, 2025

The latest bureaucratic reshuffle has a message for key economic ministries

- RAISINA HILL AK BHATTACHARYA

Continuity and change

The significance of one of the largest secretary-level reshuffles by the Union government last week has not received the attention it deserved. On Good Friday, to be precise, the government named as many as 18 new secretaries to head its different departments. Normally, such appointments are a routine exercise, undertaken sporadically as and when the need arises. But take a closer look at last week's decision, and you will get a sense of the government's current thinking, which is a welcome change from the way such appointments were handled in the recent past.

To begin with, there appears to be a crackdown on the practice of secretaries holding dual charges for several months. In the recent past, there have been quite a few instances of one secretary looking after more than one department. In one stroke last week, four such dual charges were eliminated. Having the same person in charge of both the Departments of Economic Affairs and Revenue, or both Dipam and Public Enterprises is perhaps workable, given that these departments are part of the finance ministry. Nevertheless, this arrangement was harmful for both efficiency and governance.

Worse, there was no logic in asking Dipam Secretary Arunish Chawla to hold additional charge of the culture ministry, or in entrusting Consumer Affairs Secretary Nidhi Khare with the additional responsibility of heading the Ministry of New and Renewable Energy. It is a matter of relief that all these dual charges have been eliminated and none of these departments and ministries are now run by secretaries as an additional responsibility. A positive outcome of this exercise should be administrative efficiency and improved accountability.

MORE STORIES FROM Business Standard

Business Standard

IIFL Finance ropes in EY to conduct due diligence for stake sale in MFI subsidiary

IIFL Finance, which holds a majority stake in microlender IIFL Samasta, is exploring a stake sale in the company and has appointed EY to conduct due diligence, sources aware of the development said.

time to read

1 mins

March 05, 2026

Business Standard

Business Standard

Conflict casts shadow on Gulf’s glittering wedding season

An Uttar Pradesh couple’s dream of a wedding photoshoot at the iconic Burj Khalifa has turned into an unexpected ordeal.

time to read

3 mins

March 05, 2026

Business Standard

Sebi may review agri-commodity classification, margin framework

Move aimed at boosting participation in the commodity derivatives market

time to read

2 mins

March 05, 2026

Business Standard

US sinks Iran warship off Lanka, 87 dead

The US military carried out a strike that sank an Iranian warship off Sri Lanka's coast and triggered a rescue for dozens of Iranian sailors, three US officials told Reuters on Wednesday.

time to read

1 min

March 05, 2026

Business Standard

Sensex slips to 11-mth low; Volatility gauge jumps 23%

Escalating tensions in West Asia deepened the rout in Indian equities on Wednesday, as elevated oil prices stoked concerns about inflation, fiscal pressures and a broader slowdown in global growth.

time to read

3 mins

March 05, 2026

Business Standard

Sugar stocks turn sweet as crude oil prices boil

Shares of Indian sugar companies rallied on Wednesday on hopes that the Centre may not only revise ethanol prices — which have been on hold for almost three years — but could also consider raising the mandate from 20 per cent to 27 per cent.

time to read

2 mins

March 05, 2026

Business Standard

PAN misused for fraudulent loan? How to detect, restore credit score

A loan fraudulently taken on your Permanent Account Number (PAN) can wreck your credit score and you may not even know about it until a bank rejects your credit application.

time to read

1 min

March 05, 2026

Business Standard

₹ breaches 92 vs $; RBI buys govt bonds

The rupee fell to a record low of 92.30 against the dollar on Wednesday, pressured by escalating geopolitical tensions in West Asia that have sent crude oil prices sharply higher in recent days and stoked inflation concerns. Government bond yields also firmed in early trade, reflecting unease in domestic markets, before paring gains after central bank intervention.

time to read

2 mins

March 05, 2026

Business Standard

Petronet invokes force majeure as Qatar halts LNG production

India’s largest liquefied natural gas (LNG) importer Petronet LNG (PLL) has issued force majeure notice to QatarEnergy and its offtakers, including GAIL (India) Limited, Indian Oil Corporation Limited (IOCL), and Bharat Petroleum Corporation Limited (BPCL).

time to read

2 mins

March 05, 2026

Business Standard

Services PMI eases to 58.1 in February

India's services sector growth moderated slightly in February as new order growth slowed to a 13-month low amid slower improvement in demand and a pickup in inflation, a monthly survey said on Wednesday.

time to read

1 min

March 05, 2026

Listen

Translate

Share

-
+

Change font size