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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

Congress, BJP attack Bhagwant Mann over remarks on Punjab blasts

Congress and BJP have jointly criticised Punjab CM Bhagwant Mann after he linked recent blasts near defence sites to political motives, triggering a controversy.

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Bhagwant Mann

A political row has erupted in Punjab after Chief Minister Bhagwant Mann linked recent blast incidents to political motives, drawing sharp criticism from both the Congress and the Bharatiya Janata Party (BJP).

The controversy follows two low-intensity explosions reported within a short span of time — one near the Border Security Force (BSF) headquarters in Jalandhar and another close to an army cantonment area in Amritsar. The incidents raised concerns over security, particularly given the sensitive nature of the locations.

In response, Mann suggested that the blasts could be part of a larger political strategy. His remarks triggered a strong backlash, with opposition parties accusing him of politicising a serious security issue.

Leaders from the Congress criticised the Chief Minister’s statement, calling it inappropriate and alleging that such comments undermine the gravity of the situation. They stressed that matters related to national security should be handled with caution and responsibility.

The BJP also joined the criticism, questioning the basis of Mann’s claims and urging the state government to focus on investigation and law enforcement instead of making political allegations.

The developments have led to an unusual moment where both Congress and BJP appear aligned in their criticism of the Aam Aadmi Party-led government in the state.

Meanwhile, the blasts themselves have intensified concerns over safety in border regions, with authorities continuing their investigation into the incidents. No casualties were reported, but the proximity to defence establishments has made the issue particularly sensitive.

The episode has further escalated political tensions in the state, with security and accountability emerging as key points of debate.

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India News

Himanta Biswa Sarma resigns as Assam chief minister, oath ceremony likely after May 11

Himanta Biswa Sarma resigns as Assam Chief Minister after BJP-led NDA’s victory. He will continue as caretaker CM until the new government is sworn in after May 11.

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Himanta sharma

Assam Chief Minister Himanta Biswa Sarma resigned from his post on Wednesday, paving the way for the formation of a new government after the BJP-led NDA secured a decisive victory in the 2026 Assembly elections.

Sarma submitted his resignation to Governor Lakshman Prasad Acharya at Lok Bhawan in Guwahati. The Governor accepted the resignation and asked him to continue as the caretaker Chief Minister until the new government takes charge.

The resignation comes after the NDA’s strong electoral performance, where the alliance won a clear majority in the 126-member Assembly, ensuring its return to power for another term.

Oath ceremony expected after May 11

Speaking to reporters after submitting his resignation, Sarma said the swearing-in ceremony for the new government is likely to be held after May 11.

He indicated that Prime Minister Narendra Modi has been invited to attend the ceremony but is unavailable until May 11, which has influenced the tentative schedule.

Decision on next chief minister soon

Sources suggest that central observers, including senior BJP leaders, are expected to arrive shortly to oversee the selection of the legislature party leader. The newly elected MLAs will then decide on the next Chief Minister.

Despite the formal resignation, party sources indicate that Sarma is likely to continue in the role for another term, given the BJP’s strong mandate in the state.

The move marks the beginning of the government formation process in Assam following the election results declared earlier this week.

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Rahul Gandhi and Vijay alliance took shape through backchannel talks, early signals from Congress leaders

Congress outreach and political calculations led to Rahul Gandhi and Vijay coming together after the Tamil Nadu 2026 election results.

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The coming together of Rahul Gandhi and actor-politician Vijay in Tamil Nadu after the 2026 Assembly elections was not sudden, but the result of behind-the-scenes political manoeuvring and early signals within the Congress.

According to media reports, some leaders in the Tamil Nadu Congress had already sensed the scale of Vijay’s surge during the campaign, anticipating what was later described as a “wave” in favour of his party.

After the results, where Vijay’s Tamilaga Vettri Kazhagam (TVK) emerged as the single largest party but fell short of a majority, communication channels between the Congress leadership and Vijay quickly became active.

A key moment in this evolving political equation was a phone call from Rahul Gandhi to Vijay, congratulating him on the party’s strong performance. The conversation was seen as more than a courtesy, signalling the possibility of cooperation at a time when government formation required additional support.

Reports indicate that discussions within Congress weighed the political benefits of supporting Vijay, especially given the shifting dynamics in the state where traditional dominance by major Dravidian parties has been challenged.

With TVK needing allies to cross the majority mark, Congress emerged as a potential partner, leading to a broader political realignment in the state. This development also triggered tensions within opposition alliances, highlighting the strategic importance of the decision.

The evolving partnership reflects a mix of electoral pragmatism and changing voter sentiment, particularly the growing influence of younger voters, which leaders acknowledged as a key factor in the election outcome.

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