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Date: 16-Jan-2023 Category: Extra Ordinary State: Union Government Country: India

APPOINTMENT OF DR. M.P. TANGIRALA, ADDITIONAL SECRETARY ,DEPARTMENT OF FINNACIAL SERVICES, MINISTRY OF FINANCE AS A DIRECTOR ON THE BOARD OF BANK FOR AGRICULTURE AND RURAL DEBELOPMENT (NABARD)

Issued by Ministry of Finance · Department of Financial Services

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Executive Summary & Key Takeaways

What it means

  • The notification announces the appointment of Dr. M. P. Tangirala as a Director on the Board of Directors of the National Bank for Agriculture and Rural Development (NABARD).

Key Changes

  • Dr. M. P. Tangirala, Additional Secretary, Department of Financial Services, Ministry of Finance, New Delhi, is appointed as a Director on the Board of Directors of NABARD.
  • The appointment is effective immediately or until further orders.
  • Dr. Tangirala replaces Shri Bhushan Kumar Sinha as a Director on the Board.
  • The appointment is made by the Central Government in exercise of powers conferred by clause (d) of sub-section (1) of section 6 of the National Bank for Agriculture and Rural Development Act, 1981.

Impact Analysis

NABARD

  • Action Item: NABARD should update its records to reflect the change in Board membership.

Department of Financial Services

  • Action Item: The Department of Financial Services should ensure Dr. Tangirala is briefed on relevant policy matters related to NABARD.

Ministry of Finance

  • Action Item: The Ministry of Finance should monitor the performance of NABARD and ensure it aligns with national priorities.

Stakeholders of NABARD (Farmers, Rural Businesses, etc.)

  • Action Item: NABARD should continue to engage with its stakeholders to understand their needs and ensure its programs are effective.

Key Entities Referenced

National Bank for Agriculture and Rural Development (NABARD): A development finance institution in India focused on promoting sustainable and equitable agriculture and rural development. Dr. M. P. Tangirala: Additional Secretary, Department of Financial Services, Ministry of Finance, New Delhi. Appointed as a Director on the Board of Directors of NABARD. Shri Bhushan Kumar Sinha: Former Director on the Board of Directors of NABARD, replaced by Dr. M. P. Tangirala. Department of Financial Services: A department within the Ministry of Finance responsible for overseeing the financial sector in India. Ministry of Finance: The government ministry responsible for the financial affairs of India. National Bank for Agriculture and Rural Development Act, 1981: The Act of Parliament that established NABARD and defines its powers and functions.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-16012023-242008 xxxGIDHxxx CG-DL-E-16012023-242008 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 257] नई दिल्ली, सोमिार, िनिरी 16, 2023/पौि 26, 1944 No. 257] NEW DELHI, MONDAY, JANUARY 16, 2023/PAUSHA 26, 1944 जित्त मत्रं ालय (जित्तीय सेिाएं जिभाग) अजधसचू ना नई दिल्ली, 6 िनिरी, 2023 का.आ. 271(अ).—राष्ट्रीय कृजि और ग्रामीण जिकास बैंक अजधजनयम, 1981 (1981 का 61) की धारा 6 की उप-धारा (1) के खंड (घ) द्वारा प्रित्त िजियों का प्रयोग करते हुए, केन्द्रीय सरकार, एतद्द्वारा, श्री भूिण कुमार जसन्द्हा के स्ट्थान पर डॉ. एम. पी. तजन्द्गराला, अपर सजचि, जित्तीय सेिाए ं जिभाग, जित्त मंत्रालय, नई दिल्ली को तत्काल प्रभाि स े अथिा अगल े आिेिों तक राष्ट्रीय कृजि और ग्रामीण जिकास बैंक (नाबाडड) के जनिेिक मण्डल म ें जनिेिक के पि पर जनयिु करती ह।ै [फा. स.ं 7/4/2020-एसी] चन्द्रगुप्त िौय,ड अिर सजचि 377 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 6th January, 2023 S.O. 271(E).—In exercise of the powers conferred by clause (d) of sub-section (1) of section 6 of the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981), the Central Government hereby appoints Dr. M. P. Tangirala, Additional Secretary, Department of Financial Services, Ministry of Finance, New Delhi as a Director on the Board of Directors of National Bank for Agriculture and Rural Development (NABARD), with immediate effect or until further orders, vice Shri Bhushan Kumar Sinha. [F. No. 7/4/2020-AC] CHANDRAGUPTA SHAURYA, Under Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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