Hasmukh Adhia

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Hasmukh Adhia
Revenue Secretary of India
In office
1 September 2015 – 30 November 2018
Appointed byAppointments Committee of the Cabinet
MinisterArun Jaitley
Preceded byShaktikanta Das
Succeeded byAjay Bhushan Pandey
Financial Services Secretary of India
In office
3 November 2014 – 31 August 2015
Personal details
Born (1958-11-03) 3 November 1958 (age 65)
Rajkot district, Gujarat[1]
NationalityIndian
Alma materIndian Institute of Management Bangalore
Gujarat University
Swami Vivekanand Yoga University
OccupationRetired IAS officer

Hasmukh Adhia,

Revenue Secretary of State.[2] He previously served in several capacities for the Indian and Gujarat governments, including as Financial Services Secretary. He is the present Chairman of Standing Committee of Pandit Deendayal Energy University, Gandhinagar and Non-Executive Chairman of Bank of Baroda.[3]
A week after the government nominated him chairman of state-owned Bank of Baroda, he was appointed as the Chancellor of Central University of Gujarat.[4]

Education

Hasmukh Adhia is a Doctor of Philosophy (PhD) in yoga from the Swami Vivekanand Yoga University in Bangalore,[1][5][6] and is a gold medallist in one year post graduate programme in public management and Policy for Government and Non Government Executives (PGP-PMP) from Indian Institute of Management Bangalore.[5][1][6] His thesis for PhD was on "Impact of Yoga on Management".[7] He also has Master of Commerce and Bachelor Commerce degrees from Gujarat University.[5][1][6]

Career

Union Revenue Secretary and Union Financial Services Secretary, in the Indian government.[5][6][8]

Adhia was also a consultant to the United Nations Industrial Development Organization.[5]

Financial Services Secretary

Adhia was appointed as the

Union Revenue Secretary.[5]

Revenue Secretary

Minister of State Shiv Pratap Shukla on the diamond jubilee celebrations of the foundation of the Directorate of Revenue Intelligence
Adhia addressing a press conference on Goods and Service Tax

Adhia was appointed as the

Union Revenue Secretary by the ACC in August 2015,[11][12][13] he assumed office on 1 September 2015.[5][8]

In September 2017, after the retirement of

Unique Identification Authority of India's chief executive officer Ajay Bhushan Pandey,[19][20] and as Finance Secretary by Expenditure Secretary Ajay Narayan Jha, as the senior-most secretary in the Ministry of Finance.[21][22]

Ahead of his retirement, Adhia was praised by Minister of Finance Arun Jaitley, who called him "highly competent, disciplined, no-nonsense civil servant [...] with impeccable integrity,"[17][23] and said that Adhia refused important post-retirement assignment from the government and instead intended to focus on spirituality and caring for his son.[23][24]

During his tenure as Revenue Secretary, Adhia was regarded as one of the most powerful bureaucrats in India.[25]

Controversies

Adhia is considered one of the key persons behind the architecture and roll-out of the controversial Goods and Service Tax in India.[26] He is also considered to be privy to another major controversial move of demonetisation of Rs 500 and Rs. 1000 Currency notes which forced the retirement of 86 per cent of cash in circulation in India on 8 November 2016.[7][26][27]

He was also accused of diluting graft charges against congress leader like

P.Chidambaram.[28] Hasmukh Adhia was accused of interfering and preventing promotion of Enforcement Directorate Joint Director Rajeshwar Singh.[29]
BJP Leader Subramaniam Swamy filed a petition in Supreme Court in favour of Rajeshwar Singh.

Hasmukh Adhia was considered to be one of the key persons in bringing controversial LTCG tax for Stocks without any indexation benefits. This move was considered to be illogical and became largely unpopular in Indian Stock Market. This triggered Foreign Inverstors to pull out investment from Indian Stock Market and triggered a Market Crash on 2 February 2018, a day after the announcement was made.[30]

Hasmukh Adhia along with Indian Finance minister Arun Jaitley became highly unpopular after piling up taxes and cess on Indian Salaried Class instead of raising the tax slab. There was an outrage among salaried class when he was quoted saying "Why shouldn’t we tax a class that is investing in markets".[31]

Books

  • Adhia, Hasmukh (2007). Reinventing Government through HRM Strategies.
    ISBN 978-8131412503
    .
  • Adhia, Hasmukh (2008). My Notes to Myself: Simple tips on human resource management taken from the diary of a bureaucrat (in English and Gujarati).
    ISBN 978-8131414217
    .

References

  1. ^ a b c d "Officers borne on the IAS cadre of Gujarat" (PDF). Department of General Administration (Personnel Division), Government of Gujarat. 1 January 2016. p. 7. Archived (PDF) from the original on 29 August 2017. Retrieved 29 August 2017.
  2. The Telegraph. Archived
    from the original on 8 March 2019. Retrieved 7 March 2019.
  3. ^ "Government appoints Hasmukh Adhia as chairman of Bank of Baroda". livemint. Archived from the original on 2 March 2019. Retrieved 2 March 2019.
  4. ^ "Hasmukh Adhia appointed Chancellor of Central University of Gujarat". The Indian Express. Archived from the original on 14 May 2019. Retrieved 14 May 2019.
  5. ^ a b c d e f g h i "Dr. Hasmukh Adhia - Executive Record sheet". Department of Personnel and Training, Government of India. Archived from the original on 3 May 2022. Retrieved 15 August 2017.
  6. ^ a b c d e "PhD in Yoga, IIM-A gold medallist: All about Hasmukh Adhia, India's new financial services secy". Firstpost. 5 November 2014. Archived from the original on 16 August 2017. Retrieved 15 August 2017.
  7. ^ a b Khanna, Rajeev (10 December 2017). "Meet Hasmukh Adhia: Note ban point man is a mascot for Modi's brand of governance". Catch News. Archived from the original on 9 November 2017. Retrieved 10 January 2018.
  8. ^
    Press Information Bureau of India. 1 September 2015. Archived
    from the original on 16 August 2017. Retrieved 15 August 2017.
  9. ^ "Govt appoints Hasmukh Adhia as new financial services secretary". The Economic Times. 3 November 2014. Archived from the original on 16 August 2017. Retrieved 15 August 2017.
  10. ^ Sinha, Shishir (3 November 2014). "Hasmukh Adhia to replace G S Sandhu as Financial Services Secretary". The Hindu. Archived from the original on 3 May 2022. Retrieved 15 August 2017.
  11. ^ "Shaktikanta Das appointed Economic Affairs Secretary; Hasmukh Adhia is new Revenue Secretary". The Economic Times. New Delhi. 29 August 2015. Archived from the original on 16 January 2018. Retrieved 15 January 2018.
  12. ^ "Das is new economic affairs secy, Hasmukh Adhia revenue secretary". The Indian Express. New Delhi. 29 August 2015. Archived from the original on 16 January 2018. Retrieved 15 January 2018.
  13. ^ "Shaktikanta Das Takes Charge as Economic Affairs Secretary". New Delhi: NDTV. 2 September 2015. Archived from the original on 16 January 2018. Retrieved 15 January 2018.
  14. ^ "Revenue Secretary Hasmukh Adhia designated Finance Secretary". The Economic Times. New Delhi. 6 November 2017. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  15. ^ "From Revenue Secretary, Hasmukh Adhia now designated as Finance Secretary by Centre". The Financial Express. New Delhi. 6 November 2017. Archived from the original on 20 January 2018. Retrieved 18 January 2018.
  16. HT Media Ltd. Archived
    from the original on 19 January 2018. Retrieved 19 January 2018.
  17. ^ a b "Finance Secretary Adhia to retire on Nov 30 Jaitley praises his contribution". The Week. New Delhi: Jacob Mathew. Press Trust of India. 17 November 2018. Archived from the original on 11 December 2018. Retrieved 11 December 2018.
  18. OCLC 243883379. Archived
    from the original on 11 December 2018. Retrieved 11 December 2018.
  19. OCLC 61311680. Archived
    from the original on 11 December 2018. Retrieved 11 December 2018.
  20. OCLC 456162874. Archived from the original on 3 May 2022. Retrieved 11 December 2018.{{cite web}}: CS1 maint: others (link
    )
  21. ^ Mishra, Asit Ranjan (4 December 2018). "Ahead of retirement, AN Jha appointed finance secretary". Livemint. New Delhi: Vivek Khanna. Archived from the original on 11 December 2018. Retrieved 11 December 2018.
  22. OCLC 496280002. Archived
    from the original on 11 December 2018. Retrieved 11 December 2018.
  23. ^
    OCLC 23379369. Archived
    from the original on 12 December 2018. Retrieved 11 December 2018.
  24. OCLC 496280002. Archived
    from the original on 11 December 2018. Retrieved 11 December 2018.
  25. ISSN 0254-8399. Archived
    from the original on 18 June 2018. Retrieved 11 December 2018.
  26. ^ a b Trevedie, Deepal; Gadgil, Makarand (30 June 2017). "The importance of being Hasmukh Adhia". The Times of India. Archived from the original on 9 November 2017. Retrieved 9 November 2017.
  27. ^ "Hasmukh Adhia: Trusted aide of PM Modi, the man behind demonetisation is Finance Secretary". Money Control. 7 November 2017. Archived from the original on 28 December 2017. Retrieved 19 January 2018.
  28. ^ "Subramanian Swamy writes to Jaitley; demands prosecution of Finance Secretary Hasmukh Adhia". newsbharati.com. Archived from the original on 3 May 2022. Retrieved 29 April 2019.
  29. ^ "Enforcement Directorate Joint Director Rajeshwar Singh's Scathing Attack On Revenue Secretary Hasmukh Adhia". NDTV. Press Trust of India. 27 June 2018. Archived from the original on 11 August 2019. Retrieved 30 April 2019.
  30. ^ Sikarwar, Deepshikha; Pandey, Vinay (3 February 2018). "Not worried by market crash, why encourage one asset alone: Adhia". The Economic Times. Archived from the original on 31 December 2018. Retrieved 29 April 2019.
  31. ^ Nair, Remya (7 February 2018). "Budget 2018: Why shouldn't we tax a class that is investing in markets, says Hasmukh Adhia". livemint.com. Archived from the original on 19 June 2018. Retrieved 29 April 2019.

External links


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