Senior IAS officer ISN Prasad, the man behind 13 state budgets in Karnataka, has retired after an illustrious career of 37 years in public service. Prasad, who served as the Additional Chief Secretary (ACS) of Finance, was known for his expertise in handling financial matters for governments of all political parties. His retirement comes just a week before Chief Minister Siddaramaiah is scheduled to present the state budget, which Prasad played a key role in drafting.
Prasad’s departure poses a significant challenge for the Congress government as it strives to effectively allocate funds to fulfill its five guarantees within the estimated annual cost of around Rs 50,000 crore. The upcoming budget, Siddaramaiah’s 14th, is expected to have Prasad’s imprint, reflecting his extensive experience and understanding of the state’s financial needs.
Prasad is highly regarded among bureaucrats and is often referred to as the go-to man for young officers seeking guidance. He has earned a reputation as an excellent mentor and a trusted adviser to chief ministers, balancing the interests of politicians, departments, and the industry. His ability to navigate challenges, such as droughts, floods, and the Covid-19 pandemic, has earned him praise from both government officials and industrialists.
To fill the void left by Prasad’s retirement, senior IAS officer LK Atheeq, of the 1991 batch, has taken over as the ACS of Finance. Atheeq, who has previously worked in the Prime Minister’s Office and the World Bank, is known for his astute decision-making skills and vast experience in financial matters. He is expected to continue Prasad’s legacy and maintain the fiscal health of the state while addressing the priorities of the Chief Minister.
Overall, Prasad’s retirement marks the end of an era for Karnataka’s finance department. His expertise, guidance, and ability to strike a balance between various stakeholders have contributed significantly to the state’s financial management over the years. As the Congress government faces the upcoming budget, the imprint of Prasad’s expertise is likely to be felt, ensuring continuity in the state’s financial policies.
