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Ratan Watal News
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Other members of the Economic Advisory Council constituted by PM Modi are Surjit Bhalla, Rathin Roy, Ashima Goyal and Ratan Watal.
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With digital transactions gaining traction, the government is mulling setting up of a separate regulator for enabling electronic payment system in the country as well as regulate transaction charges.
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If the government accepts recommendation of the panel established to suggest ways to promote cashless economy, charges on cash payment may be next in line.
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In 2011, an expert committee headed by C Rangarajan had proposed that the distinction between plan and non-plan expenditure be abolished for both the Centre and states.
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Finance Ministry shared concerns that revenue collection will fall short by Rs 50,000 crore, but sounded optimistic in meeting fiscal deficit target for 2015-16.
Ahead of beginning of work on the Budget for 2016-17, government Monday designated Ratan P Watal as new Finance Secretary even as a new team of officials took charge at the finance ministry.
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