Ratan P Watal on 31 August 2015 took charge as the Union Finance Secretary. Prior to the present elevation, he was the secretary of the Department of Expenditure of the Finance Ministry since 2013.
Watal, 59, is a 1978-batch Andhra Pradesh cadre IAS officer and holds masters degree in economics.
About Union Ministry of Finance
• It consists of five departments namely Department of Economic Affairs, Department of Expenditure, Department of Revenue, Department of Financial Services, and Department of Disinvestments.
• Finance Secretary is the senior-most IAS officer in the Union Ministry of Finance. He coordinates the working of various departments under the Ministry of Finance. The Finance Ministry currently has five secretaries including Watal.
• While every other note bears the signature of the governor of Reserve Bank of India (RBI), the rupee note bears the signature of the Finance Secretary.
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