Budget 2021 is getting closer! Here s all you need to know
Every year the Ministry of Finance organises the Halwa ceremony which marks the process of printing documents of the Budget. The Indian dessert is prepared in a big kadhai and served to the entire staff involved in budget preparation
Mansi Jaswal | January 6, 2021 | Updated 13:18 IST
Union Budget will kick off in the next two weeks once the printing of the budget document begins
The countdown to the Union Budget will kick off in the next two weeks once the printing of the budget document begins. The budget holds greater significance this years because the economy is in recession due to coronavirus and the fiscal deficit has soared to Rs 10.76 lakh crore.
The team behind Union Budget 2021-22
We profile Finance Minister Nirmala Sitharaman and her budget-making team January 06, 2021 / 06:09 PM IST
In less than a month, the Narendra Modi government will present perhaps its most important budget, a make-or-break budget so to speak, as the Indian economy recovers from an unprecedented global pandemic. Like the rest of the world, Covid-19 flatlined the economy, with the first quarter witnessing the steepest contraction in independent India’s history. For the full year 2020-21, GDP is likely to witness the first contraction in four decades.
It is in this backdrop that the budget will be presented, Finance Minister Nirmala Sitharaman and her team will navigate often competing, multiple demands from various sectors, citizens, and stakeholders to provide a balm or a boost in these Covid times.
Former Economic Affairs Sec Atanu Chakraborty to Become Part-time Chairman of HDFC Bank: Sources
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The board of HDFC Bank, India s largest private sector lender, has approved the appointment of Atanu Chakraborty, former Economic Affairs Secretary as its part-time chairman, sources have told CNBC-TV18.
The board submitted Chakraborty s name for the position to the RBI on December 28 for approval, sources added.
Chakraborty is a career IAS officer, and last served as the Economic Affairs Secretary in the Finance Ministry.
The tenure of current part-time Chairman Shyamala Gopinath will end on January 1. Gopinath, former deputy governor of the Reserve Bank of India, has been serving in the position since January 2, 2015.
Updated Dec 29, 2020 | 19:21 IST
ET Now takes a look at her A-team. These bureaucrats and economists are tasked with pulling the Indian economy from the deep abyss. Budget 2021: Meet FM Nirmala Sitharaman s A-team behind Union Budget
New Delhi: Finance Minister Nirmala Sitharaman gears to present one of the most challenging budget of modern India after coronavirus sent the Indian economy into a coma.
FM Sitharaman will have many challenges but the most important one would be to revive growth and boost investor confidence in India again.
ET Now takes a look at her A-team. These bureaucrats and economists are tasked with pulling the Indian economy from the deep abyss.
Former Economic Affairs Secretary Atanu Chakraborty tipped to be part-time chairman of HDFC Bank
Chakraborty s name was sent for the RBI s nod on December 28; he was appointed as the Secretary of Department of Economic Affairs in May 2019
BusinessToday.In | December 29, 2020 | Updated 12:34 IST
Atanu Chakraborty
Former economic affairs secretary (EAS) Atanu Chakraborty is tipped to be the part-time chairman of HDFC Bank. India s largest private bank in terms of market capitalisation, in its latest board meeting, has approved the appointment of Chakraborty as its part-time chairman, CNBC TV18 reported citing sources. Chakraborty s name was sent for the RBI s nod on December 28.