Union Budget 2025-26: Meet Finance Minister Nirmala Sitharaman’s core Budget Team

From the 1987 batch Karnataka cadre IAS officer, Seth oversees the department responsible for compiling the final budget documents and safeguarding macroeconomic stability.

Credit: DH Photo/BH Shivakumar

IAS officer from the Odisha cadre faces a demanding role as the Finance and Revenue Secretary. Fourth change in a month, Pandey was appointed just days before the budget and will be overseeing a revamp of the income-tax law, which could be introduced in the upcoming budget session.

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An IIM-Ahmedabad graduate and doctorate holder from the University of Massachusetts, the Economic Survey prepared by him and his team will play a crucial role in shaping reforms and deregulation efforts aimed at accelerating growth.

Credit: PTI

IAS officer from the Madhya Pradesh cadre, batch of 1991, Govil previously led the Ministry of Corporate Affairs as Secretary before moving to the Department of Expenditure. He is responsible for refining subsidy allocations, restructuring centrally sponsored schemes, and ensuring more effective government expenditure.

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A 1993 batch IAS officer from the Tripura cadre, Nagaraju joined the Department of Financial Services (DFS) following his role as Additional Secretary in the Coal Ministry. He is dedicated to facilitating credit availability, strengthening deposit mobilisation, overseeing fintech regulations, broadening insurance reach, and advancing digital infrastructure.

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IAS officer from Bihar, Chawla previously headed the pharmaceuticals department and currently leads both DIPAM and DPE. He is tasked with fast-tracking divestment, advancing asset monetization, overseeing the strategic sale of IDBI Bank, and unlocking the value of non-core assets held by public sector enterprises.

Credit: X/@FinMinIndia