Budget 2022: These special people included in the budget team of the Finance Minister, are masters of their respective fields

Raj Nandani Jha
Raj Nandani Jha 08/01/2022 12:40 IST
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Union Budget 2022 Team: The country's General Budget 2022 will be presented on February 1. Many veterans are working with the Finance Minister in preparing this budget. These include many names including TV Somanathan, Tarun Bajaj, Ajay Seth and Tuhin Kant Pandey. Let's know about the budget team 2022.

On February 1, Union Finance Minister Nirmala Sitharaman will present the country's general budget. The economy of the country battling the Corona epidemic will get a new path from this general budget, as well as the hopeful eyes of the countrymen, are also fixed on the budget. The entire team along with the Finance Minister is preparing the budget keeping in mind the common man. Today we are telling you about the special faces included in the budget team.

Nirmala Sitharaman The country'sFinance Minister Nirmala Sitharaman is all set to present her fourth budget. The budget of the last financial year was also presented under the shadow of Corona and now this time the budget has also become more important in view of the new variant of Kovid 19. Let us tell you that Sitharaman has come out as the main face of the government to provide an economic response during the pandemic and economic slowdown. According to a report, the Finance Minister has promised that this time the budget will be something special which has not come yet. A whole team of many experts is involved with him in preparing this budget.

TV Somanathan TV Somanathan,who holds the responsibility of Expenditure Secretary in the Ministry of Finance, is the main face of this budget team. In fact, it is a tradition that out of the five secretaries of the Ministry of Finance, the senior-most is appointed as the Finance Secretary. At present, this big responsibility is being handled by Somanathan. Somanathan is a 1987 batch IAS officer of Tamil Nadu cadre. Prior to this, he has also served in the World Bank. Somanathan, a Ph.D. in Economics from the University of Calcutta, has a big challenge to keep the expenditure in check in the budget.

Tarun BajajTarun Bajaj, a 1988 Haryana batch IAS officer, is the Secretary in the Department of Economic Affairs, Ministry of Finance. Before joining the Finance Ministry, Bajaj has also served in the Prime Minister's Office. While working here, he has worked on many relief packages for the country. According to a report, the role of Tarun Bajaj has been very important in shaping the three self-reliant India packages.

DespiteAjay Seth beingthe newest member in the finance ministry, all eyes will be on Ajay Seth, posted as economic affairs secretary, as the DEA is the nodal department for policies related to capital markets, investment, and infrastructure. Ajay is a 1987 batch IAS officer from the Karnataka cadre. Seth has the difficult task of reviving private capital expenditure in the economy in order to sustain India's GDP growth.

Debashish PandaDebashish Panda is the Secretary in the Department of Financial Services, Ministry of Finance. Panda can be considered the most important part of the team because all the big and small announcements related to the financial sector in the budget come under his responsibility. Panda, a 1987 batch Uttar Pradesh cadre IAS officer, is also tasked with working closely with the Reserve Bank of India (RBI) to ensure the stability of the financial system.

Tuhin Kant PandeyThe name of Tuhin Kant Pandey is also included in the budget team of Finance Minister Nirmala Sitharaman, whose department will be all eyes. In fact, Tuhin Kant, a 1987 batch Odisha cadre IAS officer, is the secretary of the Department of Investment and Public Asset Management. He was appointed Secretary of DIPAM in October 2019.

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Krishnamurthy SubramanianKrishnamurthy Subramanian holds a Ph.D. in Financial Economics. He has accomplished this under the guidance of Professors Luggy Jingles and Raghuram Rajan at the University of Chicago Booth School of Business. Subramanian was made the Chief Economic Advisor in December 2018. He is considered a master of banking, corporate governance, and economic policy.

Category: Business