Indian Economic Service (ies.gov.in): Desks and Contacts

The Indian Economic Service (IES) was conceived by Pandit Jawahar Lal Nehru for formulating and implementing economic policies and programmes of the country. After independence, economic reconstruction and development was envisioned as one of the foremost objectives and a challenge to the national planners. The most important prerequisite in this development process was the formulation of suitable plans, policies and measures for the effective utilisation of material, financial and human resources.

About the ServiceThe Indian Economic Service (IES) is an organized Group ‘A’ Central Service under the Government of India. Its primary objective is to institutionalise professional capacity to conduct economic analysis for designing and formulating development policies, strengthening delivery systems, and monitoring and evaluating public programmes.

Published directory entries include Shri. Saju K. Surendran, Shri. Vivek Chaudhary, Shri. Narender Nirapure.

Priority Sector Lending Certificates (PSLCs) are tradable certificates issued against priority sector loans of banks so as to enable banks to achieve their specified target and sub-targets for priority sector lending through purchase of these instruments in the event of a shortfall and at the same time incentivizing the surplus banks to lend more to these sectors.

Pre-paid Payment Instruments (PPIs) are defined in the RBI Guidelines issued under the Payment and Settlements Systems Act, 2005 as payment instruments that facilitate purchase of goods and services, including funds transfer, against the value stored on such instruments. The value stored on such instruments represents the value paid for by the holders by cash, by debit to a bank account, or by credit card. The pre-paid instruments can be issued as smart cards, magnetic stripe cards, internet accounts, internet wallets, mobile accounts, mobile wallets, paper vouchers and any such instrument which can be used to access the pre-paid amount.