Ajay Seth

Seth, a 1987-batch IAS officer of Karnataka cadre, retired as the Secretary of the Department of Economic Affairs in June after a four-year-long stint

Former DEA Secretary Ajay Seth appointed IRDAI Chairperson for three years

The appointment ends a four-month vacancy at the insurance regulator; Seth brings nearly four decades of public finance and policy experience to the role

Ajay Seth named IRDAI chairman for three-year term

His appointment was confirmed through an official government notification, and he will hold the position for a tenure of three years.

Ajay Seth, Giridhar Aramane lead race for IRDAI Chairman role

With Anuradha Thakur appointed as successor to Seth, he is seen as likely the frontrunner for the position.

US tariffs could shave up to half a percentage point off India GDP, says Finance Secretary

"Now there is a sign of that…we grow about 6.5% in the current year," said Seth, speaking at a Hudson Institute event on the sidelines of the Spring Meetings of the International Monetary Fund and World Bank in Washington.

Stock markets go down for different reasons, nothing to do with taxation: DEA Secy

Amid recent market fluctuations, Economic Affairs Secretary Ajay Seth reaffirmed the government's commitment to uniform tax treatment across asset classes.

Taxonomy for climate finance should be ready in 6 months: DEA secretary

Finance Minister Nirmala Sithraman in her Budget 2024-25 had announced a proposal for developing a taxonomy for climate finance.

Centre discontinues Sovereign Gold Bond scheme due to high cost of borrowing

Despite an allocation of Rs 18,500 crore for SGBs in the FY25 Budget – down from Rs 26,852 crore in the interim Budget – no new tranches of SGBs have been issued in the current fiscal.

Govt gives additional charge of Revenue Secretary to Ajay Seth

Seth, who is also the Economic Affairs Secretary, gets the additional charge in place of Sanjay Malhotra who has taken over as the RBI Governor

DEA Secy Ajay Seth sees 'some under-shooting' of the FY25 capex target

Even last year's budgeted capex was higher at around Rs 10 lakh crore, and 95% of it was achieved. Even this year, we should be around the same percentage, DEA Secretary added.

Confident of 'very strong growth' in third and fourth quarter, says DEA Secretary Ajay Seth

Ajay Seth said the overall growth for the year should be in the order of 7%, as forecast by IMF as well as RBI.

Fed rate cut likely to boost Indian economy: DEA secretary Ajay Seth

Ajay Seth says he doesn't expect Fed's rate action to have a major impact on FPI flows into India

India may cut borrowing if small saving inflows are high, says official

NSSF consists of public investments in schemes like postal deposits, savings certificates, public provident fund and senior citizens' savings scheme, among others

Role played by India during G-20 presidency appreciated at IMF and WB meeting: Ajay Seth

India hosted the G20 Summit in New Delhi from September 9-10. The summit adopted a 37-page consensus declaration overcoming major differences on the Russia-Ukraine war and took several steps to ensure the stability of the global economy.

Bill for NFIR almost ready; likely to be introduced in next session: DEA Secretary

The objective is to build a public infrastructure for credit-related information and the right information can be made available by the NFIR to lending agencies.

Budget 2024: Meet Economic Affairs Secretary Ajay Seth, the bridge between Fin Min and regulators

As the head of the Department of Economic Affairs, Seth also plays a crucial role in the country’s monetary and market-related policies functioning as the bridge between the central government and regulators such as the Reserve Bank of India and the SEBI

Finmin, World Bank launch PPP Beginner's e-course as part of capacity building in infra sector

The course aims to provide foundational knowledge and insights to individuals keen on understanding and contributing to the dynamic realm of PPPs in India, it said.

India Q2 GDP: Economic Affairs Secretary Seth expects good Q2 growth number

According to a Moneycontrol survey of 17 economists, India's GDP may have grown by 6.8 percent in July-September, data for which will be released by the statistics ministry on November 30.

Expect FY24 revenue collections to meet budget targets, says Economic Affairs Secy

Responding to a question on whether the government expects key index provider JP Morgan to include Indian government bonds in global indices, Seth said, "it is for them to decide."

Japan's Suzuki to get bigger stake in India's Maruti after sale of plant

The share allotment will boost Suzuki's stake in the Indian automaker by about 1.8%, Maruti's chief financial officer Ajay Seth said. Suzuki currently has a 56.48% stake in Maruti.

Global financial situation daunting, but India looks well protected: DEA Secretary Ajay Seth

The Economic Affairs Secretary was speaking to reporters after the first meeting of the Financial Stability and Development Council in 2023-24.

Centre saved $27 bn in schemes using DBT method, says Economic Affairs Secretary

Digital Public Infrastructure (DPI), created by India is inherently scalable, interoperable, innovation-friendly, and inclusive and has completely transformed government to people, people to people and people to business interactions.

India to hold seminar at G20 meeting this week for consensus on crypto assets: DEA Secy

The Indian government is engaging with G20 countries to build international coordination on the policy approach to crypto assets.

Measures around crypto assets to be brought this year, says economic affairs secretary

The Union Budget 2023-24 did not outline regulations for crypto assets

Semiconductor shortage continues to impact production: Maruti Suzuki CFO

In order to deal with the situation, the auto major is now working on ways to maximise its output from available supply of electronic components.