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MANDIIPODERIVATIVESMUTUAL FUNDSHARE BAZAARNEWS
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Rakesh Mohan Secretary,
Economic Aff airs
P. Chidambaram Rakes h Mohan is an Indian economist and former Deputy
Governor of Reserve Bank of India (RBI). He is presently the
Vice Chairman of Indian Institute for Human Settlements and in
April 2010 he joined Nestle India, as a Non-executive Director. He
became the Deputy Governor, Reserve Bank of India (RBI) in
September 2002 and moved to North Block in October 2004 as
Secretary, Department of Economic Affairs and Chief Economic
Advisor to the Finance Minister of India till July 2005.
Budget Mak ers in UPA 2(Before Chidambaram replaced Pranab Mukherje e)
Name Post Finance Minister Profile
Kaushik Basu Chief Economic
Advisor, Ministry
of Finance
Pranab Mukherjee Kaushik Basu is a Profess or of Economics in Cornell
University. He has held advisory posts w ith the Indian
Labour Organisation, World Bank, Reserve Bank of India,
steering committee of the Expert Group of Development
Issues set up by the Swedish Government. He is
currently a member of the Board of Directors of the Exim
Bank of India. He has the right to of fer policy prescriptions
to contain inflation and ensure f iscal consolidation in the
budget.
Sumit Bose Secretary,
Department of
Expenditure
Pranab Mukherjee Sumit Bose is Secretary of Department of Expenditure.
He was an IAS officer in 1976 batch, and coordinated the
country's biggest IPO of Coal India. He has the right to
negotiating fiscal consolidation with profligate minister in
Budget.
R Gopalan Secretary,
Departmen
of Economic
Aff airs
Pranab Mukherjee R. Gopalan is Secretary, Department of Economic Af fairs
in the Ministry of Finance, Government of India. He
represents the Government on the Boards of Life
Insurance Corporation of India and New India Assurance
Company Limited. He has the job to stimulate the economy
w ithout burdening the fiscal def icit in budget.
R S Gujral Finance Secretary
& Secretary,
Department of
Revenue
Pranab Mukherjee R S Gujral is Finance Secretary in Department of
Revenue and one of his key tasks is to coordinate the
budget preparation and ensure that adequate funds are
available to f inance the governments key s ocial sec-tor
schemes.
S K Goel Chairman, Central
Board
of Excise and
Customs
Pranab Mukherjee S K Goel is Chairman, Central Board of Excise and
Custom. Earlier, he w as w orking as Member (Customs) in
CBEC responsible for formulation of policy concerning
law, tariff and duties. His role in budget to debate over
raising the indirect taxes and pushing through GST.
Laxman Das Chairman, Central
Board
of Direct Taxes
Pranab Mukherjee Laxman Das is the Chairman of Central Board
of Direct Taxes, he w as earlier serving as CBDT Member
(Revenue), his job to mitigate the damage to the policy
caused by last month's Vodafone tax ref und Judgement
Budget makers for 2013-14
Name Post Finance Minister Profile and expectations from them
Raghuram G
Rajan
Chief Economic Advisor,
Ministry of FinanceP. Chidambaram
Raghuram G Rajan is the chief economic advisor
(CEA). He has the responsibility of suggesting
innovative way s to the finance minister in juxtaposing
fiscal requirements and political needs of a government
presenting the last full budget before going to next Lok
Sabha elections. From 2003 to 2006, he w as the chief
economist at the International Monetary Fund.
R S GujralFinance & Expenditure
SecretaryP. Chidambaram
R S Gujral is the senior most officer in the finance
ministry. During August 2012, Gujral was asked to
sw ap his role as revenue secretary w ith Sumit Bose
and work as expenditure secretary. How ever, he
continued to be the finance secretary in the
government. In this budget he w ill certainly share his
experiences and also the crux of the deliberations on
tax policies during the budget-making process.
Sumit Bose Revenue Secretary P. Chidambaram
Sumit Bose is Secretary of Department of Revenue.
He has exchanged portfolio w ith Gujral last year, w ill
present the tax aspects this year, and his inputs from
the discussions on the expenditure side of the budget
2012-13, w ill help in learning from the mistakes of the
past. He was an IAS officer in 1976 batch, and
coordinated the country's biggest IPO of Coal India.
Arvind Mayaram Economic aff airs Secretary P. Chidambaram
Arvind Mayaram , Economic af fairs s ecretary, has
w orked w ith Chidambaram in his earlier s tint as finance
minister. He has the critical job of pushing policy
measures to boost infrastructure and foreign direct
IT-BPO Sector
Clarity on tax issues related to
R&D centres in IT soon.
Full Article
Infrastructure
Big push to infra with Rs 50k
cr tax-free bonds, two new
ports.
Full Article
Real Estate Sector
FM raised tax deduction limit
by Rs 1 lakh for the first time
home buyers.
Full Article
Auto Sector
Excise duty on SUV will be
raised to 30 percent from 27
percent.
Full Article
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investment.
Rajiv TakruSecretary of financial
servicesP. Chidambaram
Rajiv Takru is the secretary of financial services. He
has replaced D K Mittal. A 1979-batch Gujarat cadre
IAS off icer, Mr Takru was previously chief executive of
Prasar Bharti.
D K MittalAdvisor to the finance
ministerP. Chidambaram
Until January 31, 2013, D K Mittal w as the financial
services sec retary w ith the additional charge of
disinvestment secretary. During his tenure eight key
legislations have seen pass age including the banking
regulation amendment bill. Recently, Mittal has joined
finance minister P Chidambarams budget team as an
advisor.
Parthsarathi
ShomeAdvisor to finance minister P. Chidambaram
Parthsarathi Shome joined finance ministry as an
advisor to the minister. His inclusion w ill play a
balancing role between the old (2012-13 budget) and
the new thought process in the finance ministry,especially on the controversial tax issues such as
application of retrospective amendments and General
Ant-avoidance Rules (GAAR). Mr Shome is the Director
and Chief Executive of the Indian Council for Research
on International Economic Relations. He has also served
as the chief economist in the Revenue and Customs
Department of the United Kingdom. In a long stint w ith
the International Monetary Fund, Mr Shome worked in
various capacities, including as the first senior
economist in the Off ice of the Managing Director and
the chief of tax policy. After considering the
recommendations made by the Shome committee,
government deferred the implementation of the
controversial GAAR to April 2016.
First Published: Saturday, February 23, 2013, 13:40
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