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Brain behind demonetisation, Hasmukh Adhia is now finance secretary

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Brain behind demonetisation, Hasmukh Adhia is now finance secretary

APN’s sister-concern India Legal had predicted in its October 16 edition that revenue secretary Hasmukh Adhia will be appointed as the next finance secretary

His recent absence from the corridors of power following his comments over the need for a “complete overhaul” of the Goods and Services Tax (GST) regime may have led to speculation over him falling out of favour with Prime Minister Narendra Modi but contrary to rumours, Hasmukh Adhia, credited as the brain behind the idea of demonetisation, is back with a bang.

The revenue secretary who was reportedly tasked by the Prime Minister to go beyond his remit and be the government’s troubleshooter on the issues arising out of demonetisation, and later the GST rollout, has finally been rewarded. The 1981-batch IAS officer from the Gujarat cadre was, on Monday evening, designated as the new finance secretary.

APN’s sister-concern, India Legal, had in the Delhi Durbar column of its October 16 edition predicted that Adhia, “the government’s star performer in calming the nerves of India Inc., in the light of prevailing economic tailwinds”, was set to be appointed as the next finance secretary.

Click here: Delhi Durbar

With Adhia’s elevation as the seniormost bureaucrat in the finance ministry, the Modi government’s team for Union Budget 2018-19 is now said to be complete. His elevation also comes at a time when it is largely rumoured that Prime Minister Narendra Modi could announce a major economic reform – with the stated goal of curbing black money circulation – over the next few days. The reform, rumoured to be a stringent law against benami properties, would be Modi’s second strike against supposed hoarders of illicit wealth after his demonetisation move.

Curiously, more than finance minister Arun Jaitley, it has been Adhia who proactively engaged with the media, India Inc. and other stakeholders in repeatedly explaining the government’s often contentious economic reforms agenda – especially the much criticised demonetisation move and the controversial GST rollout.

The new finance secretary may not necessarily share a personal rapport with his Executive boss – finance minister Jaitley – but in the power circles of New Delhi, the Gujarat cadre bureaucrat is known to have the ear of the Prime Minister. Adhia had served as Principal Secretary to Narendra Modi from 2003-06, when he was the chief minister of Gujarat.

It is widely believed that Modi’s politically polarising demonetisation decision – which is set to complete its first anniversary on Wednesday – was a brainchild of Adhia and that, as revenue secretary, he had also led a small team that oversaw the process that led to the flushing out of old Rs 500 and Rs 1,000 currency notes – a staggering 86 per cent of the currency in circulation till November 8, 2016 – from the Indian economy.

As secretary to the department of financial services, it was Adhia who spearheaded the Centre’s Indradhanush scheme for recapitalision of public sector banks and banking reforms.

Adhia takes over as finance secretary from Ashok Lavasa who had retired on October 31.

India News

Delhi elections: While voting, remember who is responsible for polluted air, dirty water, broken roads, says Rahul Gandhi

With around 1.56 crore registered voters, this election is under close scrutiny, as it has the potential to shape Delhi’s governance moving forward.

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Congress leader Rahul Gandhi on Wednesday appealed to the Delhi voters to cast their votes responsibly and said that while voting, remember who is responsible for polluted air, dirty water, and broken roads in the capital.

As voting for the 70 Assembly seats kicked off earlier today, Gandhi took to X and said, “Every vote you give to Congress will protect your rights, strengthen the Constitution and put Delhi back on the path of progress.”

“While voting, remember who is responsible for polluted air, dirty water, broken roads. Who committed the biggest scam in Delhi while talking about doing clean politics?” he added.

Congress candidate Sandeep Dikshit, running against Kejriwal in the New Delhi constituency, called on Delhi residents to vote in large numbers to safeguard their rights.

As polling continues until 6 PM, the election is proving to be a tense affair, with the three major parties—AAP, BJP, and Congress—making their cases for leadership in the national capital.

Earlier in the day, AAP national convenor Arvind Kejriwal urged Delhi voters to recognize the crucial role of their votes in determining the city’s future. He stated, “Hooliganism will lose, and Delhi will win.”

In a message shared on X, Kejriwal emphasized, “Your vote is more than just a button; it is the cornerstone of a bright future for your children. It provides an opportunity for good schools, excellent healthcare, and a dignified life for every family.” His appeal coincided with the start of voting for the Delhi assembly elections.

With around 1.56 crore registered voters, this election is under close scrutiny, as it has the potential to shape Delhi’s governance moving forward.

In his appeal, Kejriwal stressed the moral and political importance of the election, urging citizens to favour “truth, development, and honesty” instead of “politics of lies, hatred, and fear.” He encouraged voters not only to cast their own votes but also to motivate friends, family, and neighbours to do the same.

Delhi Chief Minister Atishi joined in the call for voter engagement, characterizing the election as a struggle between good and evil. “This is a contest between hard work and hooliganism,” she stated, motivating citizens to vote for progress and “goodness.”

Delhi BJP president Virendra Sachdeva also appealed to voters, asking them to support his party’s vision of a “clean, well-governed, and prosperous” Delhi under Prime Minister Narendra Modi’s leadership. He urged citizens to vote for the BJP’s lotus symbol, highlighting the need to bolster the “double-engine government” for Delhi’s future development.

Polling is taking place at 13,766 stations across Delhi’s 70 assembly constituencies, determining the fate of 699 candidates, with results set to be announced on February 8.

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India News

Hooliganism will lose, Delhi will win: Arvind Kejriwal

With around 1.56 crore registered voters, this election is under close scrutiny, as it has the potential to shape Delhi’s governance moving forward.

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On Wednesday, AAP national convenor Arvind Kejriwal urged Delhi voters to recognize the crucial role of their votes in determining the city’s future. He stated, “Hooliganism will lose, and Delhi will win.”

In a message shared on X, Kejriwal emphasized, “Your vote is more than just a button; it is the cornerstone of a bright future for your children. It provides an opportunity for good schools, excellent healthcare, and a dignified life for every family.” His appeal coincided with the start of voting for the Delhi assembly elections.

With around 1.56 crore registered voters, this election is under close scrutiny, as it has the potential to shape Delhi’s governance moving forward.

In his appeal, Kejriwal stressed the moral and political importance of the election, urging citizens to favour “truth, development, and honesty” instead of “politics of lies, hatred, and fear.” He encouraged voters not only to cast their own votes but also to motivate friends, family, and neighbours to do the same.

Delhi Chief Minister Atishi joined in the call for voter engagement, characterizing the election as a struggle between good and evil. “This is a contest between hard work and hooliganism,” she stated, motivating citizens to vote for progress and “goodness.”

Delhi BJP president Virendra Sachdeva also appealed to voters, asking them to support his party’s vision of a “clean, well-governed, and prosperous” Delhi under Prime Minister Narendra Modi’s leadership. He urged citizens to vote for the BJP’s lotus symbol, highlighting the need to bolster the “double-engine government” for Delhi’s future development.

Congress candidate Sandeep Dikshit, running against Kejriwal in the New Delhi constituency, called on Delhi residents to vote in large numbers to safeguard their rights.

As polling continues until 6 PM, the election is proving to be a tense affair, with the three major parties—AAP, BJP, and Congress—making their cases for leadership in the national capital.

Congress leader Rahul Gandhi took to X to say, “Every vote for Congress will protect your rights, strengthen the Constitution, and set Delhi back on the path of progress.” He added, “While voting, remember who is accountable for polluted air, dirty water, and broken roads. Who perpetrated the biggest scam in Delhi while claiming to advocate clean politics?”

Polling is taking place at 13,766 stations across Delhi’s 70 assembly constituencies, determining the fate of 699 candidates, with results set to be announced on February 8.

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India News

Delhi elections: President Murmu, Rahul Gandhi, CM Atishi cast votes

Polling began at 7 a.m. across 13,766 stations in the national capital, with 1.56 crore eligible voters set to decide the fate of 699 candidates contesting across 70 assembly constituencies.

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Voting for the Delhi Assembly elections commenced on Wednesday, with prominent political leaders, including President Droupadi Murmu, Union Ministers S. Jaishankar and Hardeep Singh Puri, Congress leader Rahul Gandhi, and Delhi Chief Minister Atishi, among the early voters.

Polling began at 7 a.m. across 13,766 stations in the national capital, with 1.56 crore eligible voters set to decide the fate of 699 candidates contesting across 70 assembly constituencies.

Lieutenant Governor V.K. Saxena, Chief Election Commissioner Rajiv Kumar, AAP leader and former Deputy Chief Minister Manish Sisodia, Delhi BJP president Virendra Sachdeva, Delhi Police Commissioner Sanjay Arora, and Chief Electoral Officer R. Alice Vaz were also among the early voters.

After casting his vote, LG Saxena described the election as a “festival of democracy” and urged all Delhi residents to participate actively. “Today is a day of duty, not a holiday,” he emphasized.

Union Minister S. Jaishankar, who voted early, remarked, “I have always been an early voter, a Delhi voter. The people are in a mood of change.”

Delhi Chief Minister Atishi, the AAP candidate from Kalkaji, visited the Kalkaji temple to offer prayers before casting her vote. She framed the election as a “battle between good and evil, between work and hooliganism.”

Manish Sisodia, AAP candidate from Jangpura, echoed similar sentiments, stating, “I have cast my vote for a better Delhi and for a better life for its people. I appeal to voters to support better education, healthcare, and other essential facilities.”

The Delhi Assembly election witnessed a triangular contest between the ruling Aam Aadmi Party (AAP), the Bharatiya Janata Party (BJP), and the Congress. While the AAP is aiming for a third consecutive term, the BJP and Congress are striving to regain their foothold in the capital.

Prominent candidates, including AAP’s Greater Kailash nominee Saurabh Bharadwaj, BJP’s Karawal Nagar candidate Kapil Mishra, and Congress’ New Delhi candidate Sandeep Dikshit, were among those who exercised their franchise early in the day.

With polling underway across the city, authorities have ensured tight security and smooth arrangements at all voting stations. The election results are scheduled to be announced on February 8, 2024.

As Delhiites turn out in large numbers to cast their votes, the election is being seen as a crucial test for the political parties vying for control of the capital. The outcome will not only shape Delhi’s future but also set the tone for the upcoming national elections.

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