Ajay Bhushan Pandey

AIIB aims to boost private sector financing to 50% by 2030, focusing on renewables, green energy, and affordable housing; lending to rise to $17-18 billion

Former Finance Secretary and CEO of Aadhaar Ajay Bhushan Pandey has taken over as Vice President of Investment Solutions for the Beijing-based Asian Infrastructure Investment Bank (AIIB), in which India is the second largest shareholder after China. As Vice President of Investment solutions, Pandey provides strategic leadership and oversees three key departments, the Sectors, Themes and Finance Solutions Department (STF), the Sustainability and Fiduciary Solutions Department (SFD) and the Portfolio Management Department (PMD), AIIB said in a statement on Wednesday. "I am delighted to announce Pandey's appointment to this important leadership role Jin Liqun, AIIB President and Chair of the Board of Directors, said. "He brings with him decades of highly relevant experience leading transformational change, including a pivotal role with the Government of India in shaping the country's digital and financial infrastructure, that will greatly benefit the Bank as we continue to grow and ...

Over the last decade, Pandey has been at the helm of several reforms in finance, corporate governance, Aadhaar, digital payments, Goods and Services Tax (GST), and direct tax

Pandey says audit firms have taken corrective steps following the regulator's inspections, which are among the pivots the organisation is working on

NFRA chairperson Ajay Bhushan Pandey said that there is a need to enhance the trust in financial and non-financial reporting systems in India

To refer the matter to regulator if lapses found

If one reads the Companies Act, Code of Ethics, and Standards of Audit and Quality Control in a harmonious manner, then one would not have any confusion about definition of non-audit services, he said

Pandey superannuated in February this year

Inter-ministerial meeting with officials of key govt departments today to discuss India's strategy

In today's episode, we are taking a look at the key officials involved in finalising the outline of the Budget. Listen to the podcast for more

AJAY BHUSHAN PANDEY says litigants in more than 96,000 appeals - involving disputed amounts of Rs 83,000 crore - have opted for the Vivad Se Vishwas scheme, which has been extended by a month

In the last 1.5 to 2 months over 180 people including managing directors of companies and chartered accountants have been arrested for tax evasion, said Union Finance Secretary Ajay Bhushan Pandey

The meeting discussed the need for coordinated action to check revenue leakage

Private sector companies offering the benefit of the new LTC cash voucher scheme to its employees will not have to undertake any additional compliance burden, Finance Secy Ajay Bhushan Pandey said

So far, 21 states and 3 Union Territories have opted for the borrowing plan proposed by the Centre

AJAY BHUSHAN PANDEY talks about the Budget, revenue collection, and the goods and services tax (GST) compensation mechanism

Pandey said the generation of e-way bills, needed for transportation of goods, is back to pre-Covid levels and online payments have risen exponentially

He said the quick refund payment system is fully automated and transparent and the revenue department is monitoring the refund system every week

The income tax department now has a fully automated system of refunds payment directly going into the bank accounts of the taxpayers without manual intervention

But it is not clear whether the relief will be extended to private launch companies