Business Standard

Rajiv Kumar to Krishnamurthy Subramanian: The team behind FM's Budget 2020

A 1984 batch officer from the Jharkhand cadre, Kumar is known as the driving force behind the spate of mergers of state-owned banks

Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman may announce rationalisation of tax slabs for the salaried class in the next Budget to boost consumption

Arup Roychoudhury
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. With growth at its lowest in more than six years and a long-lasting slowdown affecting demand and consumption across sectors, Sitharaman and her team are looking to announce measures to boost growth and activity.

Also, after a number of rollbacks following the last Budget, the political leadership is looking to seize back initiative as the government is being criticised by stakeholders for not being able to manage the slowdown, with multiple agencies, including the RBI, slashing growth forecasts for the year.

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