As soon as January starts, the eyes of the general public and businessmen are simultaneously waiting for Budget 2021. This time the Modi government is going to present the third budget of Modi 2.0 in view of the economic decline caused by the coronavirus. In such a situation, two new faces have been brought in the budget team of Finance Minister Nirmala Sitharaman in view of the challenges of this financial year. Let’s know everything about the budget team this time …
CEA Krishnamurthy Subramanian
Krishnamurthy Subramanian, who served as SEBI’s Standing Committees on Alternative Investment Policy, Primary Market, Secondary Market, and Research, was made the Chief Economic Advisor in the year 2018. Since then, he is serving here. Krishnamurthy Subramanian holds a Ph.D. from the Chicago Booth School of Business. Not only this, Krishnamurthy has taught in the Indian School of Business. They are also considered experts of banking and economic policy. Prior to becoming CEA, he was also a part of Bandhan Bank, National Institute of Bank Management, and RBI Academy Boards.
Somanathan, who has worked in the World Bank, is currently working as Secretary of the Department of Expenditure. Not only this, but Somanathan has also worked in the Prime Minister’s Office. Let me tell you that Somanathan has a Ph.D. in Economics from the University of Calcutta and he is also a 1987 batch IAS officer of Tamil Nadu cadre.
In 1988, Haryana batch IAS officer Tarun Bajaj is also working in the Ministry of Finance. Presently, he is working as Department Secretary for Economic Affairs. Let me tell you that his suggestions work a lot in strengthening the economic condition of the country. Not only this, Tarun Bajaj has played an important role in making the three self-sufficient India package.
Ajay Bhushan Pandey
Ajay Bhushan Pandey, who was the CEO of Unique Identification Authority of India, has been given the responsibility of raising revenue to spend on health and defense and reducing the income tax rate during this corona period.
Tuhin Kanta Pandey-
Tuhin Kanta Pandey, a 1987 batch IAS officer of Odisha cadre, assumed the post of DIPAM Secretary in 2019. Since then, they have been serving the government.
In the team of Nirmala Sitharaman, Devashish Panda has all the responsibility related to the financial sector. Devashish is working as a secretary in the Department of Financial Services.