Ad Here  
July
August
September
October
November
December
 
 
Automobile sector in slump... Smartphone prices may change Aircraft lessors to get protection from defaulting airlines Trends point to a hung assembly Singapore Airlines prefers Airbus Vodafone slapped with tax notice of Rs 3700 crore Carlyle invests in Trehanís Medanta Medical Centre Hunt for new finance secretary on... Infosys not to cut prices Airlines hit by service tax on lease Wal-Mart studying FDI norms post split with Bharti Vodafone to buy out minority shareholders Excise duty may halt the war in SUV market How important is Modiís German visit... Fox Star Studios to tie-up with Bolly-wood and Kollywood Plans to double trade with Latin America Hyundai Grand i10 awaiting launch Capital Notes Urja Sangam in Delhi TCS, Indiaís biggest block buster Renault revving up small car launch Canada screams over IT outsourcing to India GMR to raise US $ 250 mn thru QIP Jet-Etihad Rs 2000 plus crore deal to be cleared German envoy Steiner caps a language row Lanco to sell Australian acquisition ONGC to draw down on reserves to meet CAPEX needs While MoTown is on a tailspin, the telecom sector is staging a rally Latin America beckons India for investments Flipkart India in the red by Rs 280 crore Kolkata kisses goodbye to Ambi? TVS bullish on the two wheeler market? LANCO opens negotiations with buyers for Karnataka power plant SpiceJet in the news again
 
Hunt for new finance secretary on...

The UPA-II government, now on its last legs, has begun preparing a vote on account budget for 2014-15 asking different ministries to enumerate their estimates of receipts as well as expenditure for the next financial year, and paced up its hunt for a new finance secretary.

The Budget, in all probability, will be prepared by the new finance secretary and the chief economic advisor (CEA) to the MoF.  Finance secretary R S Gujral is retiring in November, while the post of CEA is vacant after Raghuram Rajan took over as the Governor of the Reserve Bank of India.

As the hunt for the new CEA continues, four contenders are in the race. Expenditure Secretary Sumit Bose, a 1976-batch IAS officer of the Madhya Pradesh cadre, may succeed Gujral. Bose is due to retire in March 2014. He became expenditure secretary in May 2011.  His main task was to keep government expenditure controlled to contain fiscal deficit at 4.6 per cent of GDP but he was frustrated by a huge subsidy bill that ballooned government expenditure. With general elections scheduled in May 2014, there will only be an interim budget, likely in January. The final budget will be presented by the new government.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com