Expenditure Secretary Ashok Lavasa (IAS:1981:HY) has been designated as the Finance Secretary; a post which had fallen vacant after Ratal P watal (Rtd IAS:1978:AP) superannuated on April 30.
As per the convention, the senior-most among the five secretaries in finance ministry is designated as the finance secretary.
Lavasa is from 1980 batch, while his batch-mate Shaktikanta Das currently serves as secretary, department of economic affairs, in the finance ministry.
Lavasa is eight months junior to his batchmate Shaktikant Das in age but he ranked higher in the merit list of the 1980 batch. Rest of the three secretaries in Finance Ministry belong to 1981 & 1982 batch namely; Revenue Secretary Hasmukh Adhia (IAS:1981:GJ), DFS Secretary Ms Anjuly Chib Duggal (IAS:1981:PB) and DIPAM Secretary Neeraj Kumar Gupta (IAS:1982:UP).