While the upcoming Union Budget 2020-21 to come up in 2 day's time is undoubtedly challenging given the already breached levels of fiscal deficit and slowing economy to a six-year low, Nirmala Sitharaman is helped by some of the key officials in delivering the highly awaited document.
Here are the 5 key officials advising FM on budgetary details:
Atanu Chakraborty, Economic Affairs Secretary: With experience in the area of sale of government assets, Atanu was appointed to this position in July. To revive the slowing economy which reported GDP at 4.5% in the October ended quarter, Atanu has come up with infrastructure investment programme that is worth more than $1 trillion. His advice shall be highly significant in raising funds as well as in establishing the country's budgetary deficit.
Rajiv Kumar, Finance secretary: In the ministry, with vast experience and having been witness to bold banking reforms from state bank mergers to recapitalization drive, Kumar holds a senior position. And the incumbent will this time come up with measures to take the NBFC sector out of crisis and boost consumption drive.
Kumar is the IAS officer of the Jharkhand region of the 1986 batch.
Ajay Bhushan Pandey, Revenue secretary: At a time when revenues have taken a serious hit, Pandey has been tasked to up revenue for the government. Further, he may influences any changes made to the Direct Tax Code.
TV Somanathan, Expenditure secretary: He will have to work out ways so as to cut down on avoidable expense and boost up demand on the other hand. He is the new entrant in the ministry and was previously in the PMO.
Tuhin Kanta Pandey, Disinvestment secretary: He is overseeing the sale of Air India as well as other PSU units. For the current year, the government is unlikely to meet its divestment target placed at Rs. 1.05 trillion.