Hasmukh Adhia to retire in November, new core Budget team on cards

Adhia, a 1981 batch Gujarat cadre Indian Administrative Service (IAS) officer, is supposed to retire on November 30

As the finance ministry begins preparations for Finance Minister Arun Jaitley to present the last Budget before the 2019 Lok Sabha elections, the core budget-making team will have a new look. 

This will be prompted by the retirement of Finance and Revenue Secretary Hasmukh Adhia at the end of November 2019 being a year of the Lok Sabha election, the Budget — likely on February 1 — will be an interim one.

Business Standard has learnt from well-placed sources Adhia may not get an extension, nor has he expressed the willingness to seek one. It is accepted practice for the