Renowned taxman, former CBDT member appointed as Punjab Govt’s Chief Advisor; granted Cabinet Minister Rank
Kanwar Inder Singh/ royalpatiala.in News/ October 11,2024
Punjab government has appointed former central board of direct taxes (CBDT) Member (Legislation) Arbind Modi, IRS (Retd.) as Chief Advisor (Fiscal Affairs), in the department of finance , govt of Punjab to advise the government regarding financial resource mobilization, reviewing capital and revenue expenditure and its rationalization , augmentation of state’s finances and restructuring of fiscal debt.
Termed as a workaholic, Modi born on September 2, 1958, has an MA in Economics from Delhi University and a Masters Degree in Public Administration from the John F Kennedy School of Government, Harvard University.
Modi is known for forming, drafting tax code. The new direct tax code which was drafted in secrecy for over five years, was a product of mainly five North Block bureaucrats from Indian Revenue Service(IRS). Arbind Modi, a 1981 batch IRS , who was joint secretary in Tax Policy Legislation (TPL) division of the revenue department at that time (in 2009) is known as an architect of the code.
In July 2017, Arbind Modi is elevated to the post of member CBDT. In November 2017, “to draft a new Direct Tax Law in consonance with economic needs of the country, the Government of India had constituted a Task Force in which Arbind Modi, Member (Legislation), CBDT was appointed as a Convener of the ‘Constitution of Task Force for drafting a New Direct Tax Legislation’
Former CBDT Member (Legislation) Arbind Modi was appointed Advisor (Fiscal Unit) in the International Monetary Fund (IMF) Washington DC. Modi retired on September 30, 2018 and within a month Narinder Modi administration gave him Washington assignment.
Renowned taxman, former CBDT member appointed as Punjab Govt’s Chief Advisor; granted Cabinet Minister Rank. He will be working on honorary basis.
