Budget 2024-25: What’s Different in This Year’s Budget? | Paisa Live

In Nirmala Sitharaman's Budget Team, TV Somanathan is set to play the second most critical role after the Finance Minister herself. Somanathan, an IAS officer of the 1987 batch from the Tamil Nadu cadre, currently serves as the Finance Secretary and Secretary of the Department of Expenditure. Known for his close ties with Prime Minister Narendra Modi, Somanathan brings extensive experience from his previous roles at the Prime Minister's Office (PMO) and the World Bank. Additionally, Ajay Seth, an IAS officer from the 1987 batch of the Karnataka cadre, is also a prominent member of this key team. Seth's involvement in the team underscores the significance of his expertise in shaping the budgetary framework and financial policies. Together, these senior officials are expected to play pivotal roles in formulating and executing the budget strategies for the upcoming fiscal year.