Bajaj, an old hand at the Finance Ministry, assumed charge as Economic Affairs secretary in last May, at a time when India saw the worst growth contraction in history on account of the Covid-19 pandemic.
Prior to taking over this post, he was Additional Secretary in the Prime Minister's Office.
Bajaj, a 1988-batch Haryana-cadre IAS officer, is not new to the functioning of the finance ministry
as this is his third stint in the ministry.
At the helm of DEA, he has maintained cordial relationships with Reserve Bank of India, and backed decisions of the central bank on key issues like loan restructuring, appointment process of monetary policy committee and so on.
Insiders in the government says that Bajaj prefers keeping a low profile and talking straight to the point. He believes in cordial ties with all departments and has a consultative approach dealing with all stakeholders.
The senior bureaucrat worked earlier as joint secretary in ministry’s other crucial-Department of Financial Services overseeing the insurance division between 2006 and 2011.
He then worked as a joint secretary in the DEA between 2014 and 2015 handling multilateral institutions.
During his five year stint (2015-2020), at PMO, he was supervising and handling finance related matters and that’s the reason he was picked up by the government to take the charge of an important role in finance ministry.
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