Union Budget Team 2022: The country’s General Budget 2022 will come 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.
Union Budget Team 2022
On February 1, Union Finance Minister Nirmala Sitharaman will present the country’s general budget. The countries economy 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 team of experts along with the Finance Minister is preparing the budget, keeping in mind the common man. In this article, we will tell you, who are making the Union budget 2022?
The country’s Finance Minister Nirmala Sitharaman is all set to present her fourth budget. The last financial year budget was also presented under the shadow of Corona, and now this time, the budget has also become more important with the increasing cases of the new variant of Covid 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 special, and something like which has not come yet. A whole team of many experts is involved with her in preparing this budget.
TV Somanathan, who holds the responsibility of Expenditure Secretary in the Finance Ministry, is the main face of this budget team. It is a tradition that, out of the five secretaries of the Finance Ministry, the senior-most is appointed as the Finance Secretary. At present, Somanathan is handling this responsibility. Somanathan is a 1987 batch IAS officer of Tamil Nadu cadre. Before this, he has also served in the World Bank. Somanathan, a PhD in Economics from the University of Calcutta, has a big challenge to keep the expenditure in check in the budget.
Tarun 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 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 crucial in shaping the three self-reliant India packages.
Despite being the newest member in the finance ministry, Ajay Seth, posted as economic affairs secretary, will be all eyes 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 to sustain India’s GDP growth.
Debashish Panda is the Secretary in the Department of Financial Services, Ministry of Finance. Panda is 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 worked closely with the Reserve Bank of India (RBI) to ensure the stability of the financial system.
Tuhin Kant Pandey
The name of Tuhin Kant Pandey is also included in the budget team of Finance Minister Nirmala Sitharaman, whose department will have all eyes on it. 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.
Krishnamurthy Subramanian holds a PhD in Financial Economics. He has accomplished his PhD under the guidance of Professors Luggy Jingles and Raghuram Rajan at the University of Chicago. Subramanian was made the Chief Economic Advisor in December 2018. He is considered a master of banking, corporate governance and economic policy.
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