Behind Budget 2012 -2013 - Heroes or Zeroes ~ Stay Updated

As another Financial year coming to an end, the investors, business persons, employees, self-employed whom not, even the common man is eagerly waiting for the Budget 2012 - 2013. Each and every one has their own expectations on the budget that it brings good news either in direct or indirect form to them. Every one knows that the Finance Minister of the country prepares the budget and submits in the parliament for approval. And after a hell lot of discussions and fights finally

it gets approved. If we want to prepare a budget for ourselves its easier, but when it comes to the family its a little tough when compared to the earlier one. We definetly need to take help of our family members. Imagine preparing a budget expectation for a country of 120 crore population. It is definetly tough. The Finance Minister alone cannot do that. Behind the screen, there are some hands that help the Finance Minister to prepare the budget.

Who are the Helping Hands ? What is their designation? What is their Experience and Expertise?

Let's now take a look on these advisories of the Financial Minister on the Financial Budget...

1. Mr. Pranab Mukherjee : The Finance Minister

This is his 7^th budget which he is going to present in the parliament as Finance Minister. He holds Master of Arts degree in History and Political Science and has Degree in Law from University of Calcutta.

2. Kaushik Basu: Chief Economic Advisor

A renowned Game Theorist and a developmental economist this former Cornell University professor will have his say in the Economic Survey. He has the right credentials to offer policy prescriptions to contain inflation and ensure fiscal consolidation, while bolstering the growth momentum.

3. R.S Gujral: Finance Secretary and Secretary, Department of Revenue

This former roads and transports secretary created a flutter with his appointment as Finance Secretary because his name was not in the reckoning initially. One of his key tasks will be to co-ordinate the budget preparation and to ensure that adequate funds are available to finance the Govt’s key social sector schemes.

4. Sumit Bose: Secretary, Department of Expenditure

This IAS officer of 1976 batch, shepherded the IPO of Coal India. But now he has an unpopular and extremely tough job of negotiating the fiscal consolidation with the proliferate ministries.

5. R.Gopalan: Secretary, Department of Economic affairs

A Harvard Post Graduate. One of the key tasks for him is to stimulate the economy without burening the fiscal deficit.

6. S K Goel: Chairman, Central Board of Excise and Customs

His voice will carry weight in debates over ending stimulus, raising indirect taxes and pushing through GST.

7. Laxman Das: Chairman, Central Board of Direct Taxes

Only two months, new to the job. The key responsibility for him is to mitigate the damage to the policy caused by last month’s Vodafone Judgement.

What do you think they are going to be ? ? ? Will they be Heroes by providing a better budget when compared to the past budgets ? ? ?