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Our Advisory Board

Our Advisory Board consists of eminent panel of former policy makers, senior professionals and reputed academicians.

V. Subramanian, Former Secretary to Government of India, and Chairman of the Advisory Board

Mr. Subramanian is a member of Indian Administrative Service (IAS) with 37 years of experience in key senior roles with Government of India. A commercially astute policy maker, Mr. Subramanian has significant expertise in Energy, Infrastructure, Industrial Development and Finance. He is currently advisor and board member of a number of private, public sector enterprises and industry associations.

In his Union Government roles, he has served as the Secretary Ministry of New and Renewable Energy, wherein he led the country’s policy making and regulation in this sector. Prior to this, he was the Financial Advisor in the Ministry of Civil Aviation and Director in Ministry of Finance, Government of India. During his tenure with Government of West Bengal, Mr. Subramanian served as the Secretary, Department of Power, as the Secretary, Department of Labour, and as the Managing Director, West Bengal Industrial Development Corporation.

Prakash C Jha, Former Chairman, Central Board of Excise and Customs, Ministry of Finance, Government of India

Mr. Jha was in the Indian Revenue Service for 36 years and has served as the Chairman, Central Board of Excise and Customs, Ministry of Finance, Government of India. He has led formulation, implementation, and enforcement of Indirect Tax policy/laws, trade facilitation and harmonization of trade procedures; dealing with personnel matters of a workforce of over 72,000 employees; successful countrywide automation of various business processes through EDI, ICES, and ACES.

Mr. Jha has led country delegations for international trade negotiations, represented India in international forums like WCO, WTO, UNCTAD; has specific experience of working with SAARC countries; and has had sustained interaction with government leaders, administrators in India and abroad, public and private sector chiefs and transnational corporates on all indirect tax matters. He has remained closely associated with formulation of Goods and Services Tax (GST) policy. Mr. Jha is an Independent Director of SAIL (Steel Authority of India Limited) and consults with Federation of Indian Chamber of Commerce and Industry (FICCI) as an Expert Advisor on selected public policy matters.

Sunil Verma, Former Deputy Comptroller & Auditor General and ex officio Chairman of the Audit Board, India

Mr. Verma has been in the Indian Audit and Accounts Service for 37 years and served as the Deputy Comptroller & Auditor General (CAG) of India and the ex officio Chairman of the Audit Board. He has led the CAG’s Wing responsible for audit of State Owned Enterprises. He has been a Task Force member to establish a comprehensive, country-wide Audit Management System; member of a Planning Commission Expert Panel to propose reform of State Owned Enterprises; involved in key investigations like Commonwealth Games audit; Telecom spectrum 2G audit; Production Sharing Contract (Ministry of Petroleum and Natural Gas); National Highway Authority of India; Food and Agriculture; Civil Aviation.

Earlier Mr. Verma served as the Member (Economic and Commercial) of Central Electricity Authority under Ministry of Power, Government of India. In another key power sector assignment, he planned and conducted performance audit of NTPC Limited. As an external Auditor, he has carried out performance appraisal of the United Nations Office for Human Resource Management (New York) and the Economic Commission for Africa (Addis Ababa).

V. K. Malhotra, Former Member Board of Industrial and Financial Reconstruction, Ministry of Finance, Government of India, and Former Chairman Food Corporation of India

Mr. Malhotra has nearly 40 years of demonstrated expertise in public finance, economics and industrial development acquired through a diverse range of assignments. He has acquired specialization in economic and financial issues involving project evaluation, loan negotiations with multilateral financial institutions, commercial transactions and arbitrations. He served as a member of Board of Industrial and Financial Reconstruction, Government of India where he was responsible for ensuring successful rehabilitation of medium/large sick industries pan India by settling their problems with financial institutions, labour, Government Departments and vendors.

Previously, he was the Chairman and Managing Director, Food Corporation of India (FCI) at the rank of Secretary to Government of India. FCI has an annual turnover of US $8 billion with over 200,000 employees. His key responsibility included procurement, storage and movement of critical food grains to ensure effectiveness of food security programs. He was instrumental in improving efficiency of the delivery system, reduction of losses, and rationalization of the administrative structure including devising effective procurement procedures.

Our Advisor from Academia

Dr. Biswajit Nag, Professor at the Indian Institute of Foreign Trade (IIFT), Delhi

Dr. Nag has been involved in empirical economic research for more than 15 years he also has teaching experience in India, Tanzania and Germany and served as a resource person for UNCTAD India’s capacity development programme on quantitative issues in international trade research. Earlier, he was associated with the Poverty and Development Division of UNESCAP, Bangkok. Dr. Nag has completed number of projects for Government of India, International Agencies including Multilateral bodies. His current research interest is, International Production Network, Global Value Chain, Trade in Services (regulation), Regional Trade Agreements, Trade and Gender, BoP and Macroeconomic issues, etc. He has published articles in number of international journals and served as anonymous referee for number of articles. Over the years, he has developed his expertise in Asian economies and advised government and companies and multilateral bodies on various issues.

He is also a member of the Expert Group on Preferential Rules of Origin, Government of India and External expert for EC-Nepal WTO Assistance Programme. Currently, he is also working for the government’s ‘Task Force’ to develop ‘India’s Economic Strategy for Africa’. He has given his advice to Apparel Export Promotion Council of India, Asia Pacific Trade Agreement Secretariat and worked for number of projects sponsored by UN, World Bank, Asian Development Bank, WTO etc. He has been the coordinator of IIFT’s Second Research Conference on ‘Empirical Issues in International Trade & Finance.

Our Auditor

Firm:                M/s. Nag Malik & Associates, Chartered Accountants
Address:          I - 1691, Chittaranjan Park, New Delhi-110019
Partner:           CA Sudatto Sen

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