New Delhi, March 25 -- Economic affairs secretary Ajay Seth has been named India's new finance secretary, filling the vacancy created by Tuhin Kanta Pandey's appointment as the chairperson of the Securities and Exchange Board of India.

Seth, a 1987 batch Karnataka cadre Indian Administrative Services officer, played a key role in shaping India's economic policies as secretary in the Department of Economic Affairs since 2021, overseeing critical initiatives related to infrastructure financing, public-private partnerships, and the management of external borrowings.

His appointment as finance secretary comes at a crucial time when the Union government is focused on maintaining fiscal discipline while boosting economic growth. India's economi...