Budget 2022: There are few moments to count before the Union Budget 2022 is presented by Finance Minister Nirmala Sitharaman. Budget 2022 will be presented a day after the budget session with the President’s speech in Parliament. During this, the Economic Survey was also presented in the Parliament, which estimated India’s GDP growth At 9.2 per cent in FY21-22.
Apart from Nirmala Sitharaman, Budget He is largely dependent on his A-team. Sitharaman’s team, which includes five high-profile executives – TV Somnatham Tarun Bajaj, Debashish Panda, Ajay Seth and Tuhin Kanta Pandey – has a key role in deciding how funds are allocated to different sectors during each financial year. . They are also working in Budget 2022.
Let’s know about it Finance Minister Nirmala SitharamanThe team that has a key role in designing the 2022 budget is:
TV Somanathan: The 1987 IAS officer of Tamil Nadu cadre had previously served as a Joint Secretary in the Prime Minister’s Office in 2015. He is the senior-most of the five who have been named as finance secretary, and is pressuring ministries to spend more. Capital expenditure to ensure growth amid the pandemic-accelerating economic stress in the country. It remains to be seen how Somanathan assesses how capital expenditure will be spent after this financial year. Union Budget 2022,
Also read: Budget 2022 Live Updates: Will FM Sitharaman present a populist budget this year?
Tarun Bajaj: Tarun Bajaj, Revenue Secretary, Ministry of Finance is another recruit from the Prime Minister’s Office. His role in the finance ministry is to ensure realistic tax targets and this year, he plans to exceed tax collections. Bajaj was instrumental in facilitating health care packages during the pandemic. During the 2022 budget, he is expected to ease tax compliance and announce packages for pandemic-hit businesses and sectors.
Ajay Seth: Ajay Seth was the Managing Director of Bangalore Metro before joining as Economic Affairs Secretary in April 2021. The rather shy bureaucrat is in charge of drafting all of Sitharaman’s budget speeches, with Somanathan accompanying her. He is also behind the drafting of the Budget 2022 speech. His department is also the main division of capital markets, investment and infrastructure policies. They are expected to allocate huge amount in big projects to bring in revenue and create jobs.
Debashish Panda: Apart from this, a 1987 batch IAS officer, Debashish Panda plays a key role in the revival of public sector offices as the head of the Department of Financial Services. Thanks to them, banks have performed well despite the pandemic, and Panda hopes to provide this facility during the budget.
Tuhin Kanta Pandey: This year the government may not have met its disinvestment targets, but Tuhin Kanta Pandey has played a key role in the disinvestment of Air India. This year he has many more projects after the budget of 2022, with LIC IPO being a major disinvestment target. Pandey, secretary of DIPAM, is spearheading the government’s disinvestment project.
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