After RBI Governor Raghuram Rajan pinned hopes on Budget loaded with reforms and less spending, the work for Finance Minister But nothing to worry about as Jaitley has a reliable team, which can come out with flying colours.
Here’s a sneak peek into his team for
Chief Economic Advisor Arvind Subramanian
In the last budget, Arvind Subramanian’s idea of increased public expenditure was adopted and well executed. This time, he is planning to change the fiscal consolidation road map and continue with public spending. He will also make sure to meet the pay panel’s suggestions.
Secretary, Department of Financial Services Anjuly Chib Duggal
In the backdrop of Indra Dhanush plan, the finance minister will keep the steam building in banking sector reforms. Duggal would be assisting in reducing bad loans in the banking sector and give a boost to Jan Dhan-Jan Suraksha scheme.
Secretary, Department of Economic Affairs Shaktikanta Das
Das is not new in budget making process and is entrusted to trigger private investments. He will also ensure to pack a budget laden with economic reforms.
Secretary, Department of Revenue Hasmukh Adhia
He is the man to look out for regarding changes in direct taxes, reducing exemptions and reduction in corporate tax rate.
Finance Secretary Ratan P Watal
He has seen India's economic architecture change with 1991 reforms as private secretary to the then Prime Minister Narasimha Rao. Watal controls the spending and hence he will see if funds are there to meet the pay panel suggestions.
Secretary, Department of Disinvestment Neeraj Kumar Gupta
The Indian government is likely to miss the Rs 69,500 crore divestment target. With disinvestment become even more crucial, Gupta as a tough task to handle.
(Image: Indiatimes)