Ajay Seth, a senior bureaucrat, on Monday was designated as the new Finance Secretary, according to an official order.
Seth is a 1987 batch Indian Administrative Service (IAS) officer of Karnataka cadre and is currently the Secretary of the Department of Economic Affairs.
The Appointments Committee of the Cabinet has approved designating Seth as the Finance Secretary, said the order issued by the Personnel Ministry.
There was a vacancy for the post after the appointment of Tuhin Kant Pandey as the chairman of Securities and Exchange Board of India (SEBI) recently.
As per the convention, the senior-most secretary in the Union Finance Ministry is designated as the Finance Secretary.