Rajalakshmi Devaraj has been appointed as the Director of EMC (Expenditure Management Commission) on April 9th 2015. The EMC is structured under the Department of Expenditure. The Department of Personnel and Training has issued the order for the Director post till 29.4.2017 or till the tenure of EMC.
Rajalakshmi Devaraj is a Indian Defence Accounts Service officer of 1998 batch. She is currently holding the post of the Director of NATGRID (National Intelligence Grid).
Knowledge is Wealth
- EMC (Expenditure Management Commission) was constituted in the 2014-15 budget speech of the Finance Minister Arun Jaitley.
- Former RBI Governor Bimal Jalan was appointed as the first head of the EMC.
- EMC was constituted to recommend the expenditure reforms to reduce the fiscal deficit to an affordable levels. It was also revised to reduce the subsidies on commodities like Oil, Food and Fertilizers.
- It constitutes of a 5 member panel.