Meet Modi's Core 'Budget' Team of Top Officials

Regarding the public spending to boost growth, Subramanian said that "It is widely accepted that there was a smoke-and-mirrors aspect to the numbers in the interim budget crafted by the previous government, which artificially reduced or deferred expenditures by up to 0.3 percent of GDP". Going by his theory he would want ensure there is no such subterfuge in this budget. Subramanian is set to enlighten us on the health of the country’s economy in the past year and also the policy prescriptions for the future in the Economic Survey, a day ahead of the budget presentation.

Shaktikanta Das— Secretary Department of Revenue:

Tamil Nadu cadre officer knows budget making like no one else among the core team. He has been able to drive the government's non-adversarial tax measures and successfully negotiate with Switzerland a much better deal to track down black money. Subramanian certainly knows the keys to some of the measures that can lift investor sentiment. The scrapping of the controversial retrospective tax amendment, delay of GAAR (General Anti-Avoidance Rules), forward movement on goods and services tax—some of the key benchmarks to look out for, all of which fall within his department's remit.

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