Post-retirement jobs just a handshake away for finance ministry officials

While FinMin mandarins remain favourites for plum positions after hanging their boots, jobs in the current decade are mostly executive positions, as compared to sinecure earlier

Finance Ministry

The appointment of chairman of Central Board of Direct Taxes, Sushil Chandra, as election commissioner takes forward a well-known trend in Delhi’s bureaucratic circles. Finance ministry mandarins are almost always in a favourite position to get these posts compared to officers from other ministries. The trend has also accelerated in each decade. While outgoing finance secretaries have bagged post-retirement assignments for decades, other service officers were not so lucky. There were some major exceptions like N Rangachari, who became the first chairman of the Insurance Regulatory ...