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Foreign policy thrust: Seven IFS officers now posted in PMO

by Blitz India Media
May 2, 2023
in Blitz india
0

NEW DELHI: Following a series of appointments last month, the Prime Minister’s Office (PMO) now includes a total of seven IFS officers, compared to the usual three or four. In a recent order, the PMO inducted three new IFS officers and extended the tenure of another currently serving in the rank of joint secretary.

Of the PMO’s three inductees, Deepak Mittal, a 1998-batch officer, has been appointed as an officer on special duty (OSD) while the tenure of Rudra Gaurav Shresth, of the 1999 batch, has been extended for a period of two month.

Vipin Kumar, a 2013-batch officer, has been appointed Deputy Secretary, while Nidhi Tewari of the 2014 batch has been made an Under-Secretary in the PMO. The PMO already has four IFS officers currently on deputation – Rudra Gaurav Shresth, a Joint Secretary; Vivek Kumar, Private Secretary to PM Modi; and Director-rank officers Yadav Manharsinh Laxmanbhai and Shweta Singh.

Modi’s address at the UNGA and his speech at Madison Square Garden in New York in September 2014 were an indication of his thrust on foreign policy. Continuing with this focus, in the past eight years, India has hosted then US President Donald Trump and Chinese President Xi Jinping.

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New Delhi, 13 October : India’s fintech sector raised $2.2 billion in the first nine months of 2026 (January 1, 2026–September 30, 2026), up 14 per cent from $1.9 billion in the same period a year earlier, a report said. The report from data intelligence platform Tracxn Technologies Limited said funding rounds dipped from 260 to 153, adding that the funding was concentrated in a smaller number of large late‑stage rounds, with five mega‑rounds of $100 million or more accounting for $1.1 billion or 48 per cent of total capital. The report said in the first nine months of 2026, digital lending and payments topped the category rankings, while Bengaluru accounts for over three-fifths of all capital raised. On the exit side, IPOs saw a 50 per cent uptick while overall acquisitions slowed. As many as 30 companies raised their first funding round, down 49 per cent from 59 in the previous year. Series A and later rounds totalled 77, down 31 per cent from 112. Late-stage funding (Series C+, PE, and pre-IPO) led the mix, rising 95 per cent to $1.5 billion in the first nine months of 2026 — up from $751 million during the same period in the previous year. This capital surge pushed late-stage investments to 67 per cent of total market funding, the report noted. Earlier stages experienced contractions in capital and deal counts. Early-stage funding fell 33 per cent to $668 million across 52 rounds, compared to $1 billion across 82 rounds in nine months of 2025. Seed funding fell 57 per cent to $73.8 million across 76 rounds, down from $173 million across 148 rounds. New unicorns crossed the billion-dollar threshold in an average of 7.1 years after their Series A funding. Moreover, the industry saw 3 IPOs in nine months of 2026, up 50 per cent from 2 in the previous year, alongside 11 acquisitions, down 45 per cent from 20.

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