Meet the workforce drafting India’s Price range 2025 that Sitharaman will current on Feb 1 – Firstpost

Union Finance Minister Nirmala Sitharaman is about to current her eighth consecutive Price range 2025 on Saturday, February 1. This would be the second full monetary finances of Prime Minister Narendra Modi’s Nationwide Democratic Alliance (NDA) authorities in its third time period. Listed here are the important thing figures shaping the upcoming finances:

Tuhin Kanta Pandey, Finance and income secretary

Pandey, a 1987 batch Odisha cadre IAS officer, faces a difficult position because the finance and income secretary. He’s anticipated to make sure efficient income mobilization whereas addressing the demand for tax concessions from numerous sectors. Having assumed cost of the division simply days earlier than the finances, Pandey can also be overseeing the overhaul of the income-tax legislation, which may very well be launched within the upcoming session.

V Anantha Nageswaran, Chief financial adviser

An alumnus of IIM-Ahmedabad and a doctoral diploma holder from the College of Massachusetts in Amherst, Nageswaran has beforehand served as a part-time member of the Financial Advisory Council to the Prime Minister. The Financial Survey, authored by him and his workforce will likely be intently noticed for its proposals on reforms and deregulation to spice up development and put together for a extra unsure and probably deglobalising world.

Manoj Govil, Secretary, Division of Expenditure

Govil, a 1991 batch Madhya Pradesh cadre IAS officer, beforehand served as secretary within the Ministry of Company Affairs earlier than becoming a member of the Division of Expenditure. A few of the key duties underneath his duty within the upcoming finances embrace the rationalisation of subsidies and centrally sponsored schemes alongside bettering the standard of spending.

Ajay Seth, Secretary, Division of Financial Affairs

Seth, a 1987 batch Karnataka cadre IAS officer, leads the division liable for making ready the ultimate finances paperwork and overseeing macroeconomic stability. He’s taking care of the difficult job of balancing development with fiscal consolidation targets amid rising requires a consumption stimulus. As India plans to shift to a debt goal inside its fiscal consolidation framework, all eyes will likely be on him.

M Nagaraju Secretary, Division of Monetary Companies

Earlier than becoming a member of the Division of Monetary Companies (DFS), Nagaraju served as extra secretary of coal, the place he performed a key position in opening up the sector to non-public business mining and overseeing the public sale of greater than 115 coal mines. The important thing focus areas for him within the finances 2025 will embrace making certain satisfactory credit score movement and deposit mobilisation, regulating fintechs, increasing insurance coverage protection and deepening the digital interface.

Arunish Chawla Secretary, DIPAM and DPEA

Chawla, a 1992 batch Bihar cadre IAS officer, and a brand new member of the finance minister’s workforce will likely be dealing with the daunting job of accelerating the divestment and asset monetisation program, overseeing the strategic sale of IDBI Financial institution and unlocking the worth of non-core belongings from state-run enterprises.