InvestorQ : How many people are involved in the making of budget2020?
Khushi Patel made post

How many people are involved in the making of budget2020?

Arya Nanda answered.
2 years ago
Honorable Prime Minister Narendra Modi has shown keen interest in the preparation of the budget, to help and contribute in the economic growth.

These are the 5 people who are contributing their most to this budget:

Rajiv Kumar, Finance Secretary: He’s a top bureaucrat in the finance ministry. He’s expected to provide great inputs to steer the shadow banking sector out of the crisis, while pushing the credit growth, resulting in increased consumption in the economy.

Atanu Chakraborty, Economic Affairs Secretary: He’s a government-assets sales expert who took charge of the economic affairs in July and consigned India’s maiden overseas sovereign bond sale plan to the back-burner. His inputs are critical to determining India’s budget deficit goal, as also raising resources to pump- prime the economy.

Ajay Bhushan Pandey, Revenue Secretary: He’s assigned with raising resources. He might influence the adoption of some proposals in the Direct Tax Code.

Tuhin Kanta Pandey, Disinvestment Secretary: He’s responsible for the strategic sale of Air India Ltd. and other companies owned by the state and other divestment options.

T.V. Somanathan, Expenditure Secretary: His task is to rationalize government expenditure such that it boosts demand and minimizes wasteful expenditure.